GPF/ZPPF Rate of interest 8.1% from April-2016 for the financial year 2016-17

AP Government financial department issued Go.1638 regarding the Rate of interest for GPF/ZPPF in financial year 2016-17 from on April-2016 as 8.1% per annum with effect from 01/04/2016 to 30/06/2016, G.O.RT.No. 1638 Dt:27.06.2016 is as follows. AP Go.1638, 8.1% General Provident Fund Rate of interest for the
financial year 2016-17 , GPF Rate of interest 8.1% from 8.1% 01.04.2016 to 30.06.2016

GPF Rate of interest 8.1% from 8.1% 01.04.2016 to 30.06.2016

According to Rule 13(1) of General Provident Fund /ZPPF/GPF(Andhra Pradesh) Rules 1935, AP Government shall pay to the credit of the account of a GPF/ZPPF subscriber interest at such rate as may be determined for each year according to the method of calculation prescribed from time to time by the Government of India for payment of interest on subscription to the General provident Fund in respect of Central Services.
In the G.O.Rt.No.2142, Finance(Pen.II)Department dated 30.04.2013, the AP State Government have adopted the interest rate of 8.7% per annum ordered by the Government of India with effect from 01.04.2013 until further orders.
In the reference 2nd read above, the Government of India through its resolution No. F.No.5(1)- B(PD)/2016, Dt: 02.06.2016 revised the rates of interest for the subscribers of General Provident Fund(Central Services) for the year 2016-17 as follows:

8.1% with effect from 01.04.2016 to 30.06.2016.

The Deputy Accountant General(Funds), in his letter 3rd read above has requested to issue necessary Government Orders duly revising the rates of interest on GPF and other similar funds etc., maintained in the State for the year 2016-17.
AP Government after careful examination of the matter, hereby adopt the rate of interest as 8.1% per annum w.e.f 01.04.2016 to 30.06.2016 on the following Provident Funds and other similar funds maintained by the Government of Andhra Pradesh on par with rates of Government of India.
1. The General Provident Fund(Andhra Pradesh) Rules 1935
2. The Electricity Department Provident Fund Rules.
3. Emergency Cut and Compulsory Saving Rules, 1949.
4. Government Distilleries Employees Provident Fund
5. Andhra Pradesh Government Life Insurance Fund
6. Andhra Pradesh Employees Welfare Fund Rules.
The G.O. is available on Internet and can be accessed at the address http://www.goir.ap.gov.in.

(BY ORDER AND IN THE NAME OF GOVERNOR OF ANDHRA PRADESH) HEMA MUNIVENKATAPPA SPECIAL SECRETARY TO GOVERNMENT

Download AP Go.1638, 8.1% General Provident Fund Rate of interest for the financial year 2016-17 Click Here

To
All the Heads of Departments.
All the Departments in the Secretariat.
The Principal Accountant General (G&SSA), AP, Hyderabad.
The Principal Accountant General (A&E), AP, Hyderabad.
The Principal Accountant General (E&RSA) A.P.Hyderabad.
The Director of Treasuries & Accounts, AP, Hyderabad.
The Pay and Accounts Officer, A.P.,Hyderabad.
The Director of State Audit, A.P.,Hyderabad.
The Director of Works Accounts, AP, Hyderabad
The Director of Insurance, AP, Hyderabad
The Registrar High Court of AP, Hyderabad.
The Secretary, APPSC., Hyderabad.
All the District Collectors.
All the District Judges.
All the Chief Executive Officers of Zilla Praja Parishads.
All the District Treasury Officers.
All the Commissioners and Spl. Officers of Municipalities.
All the District Educational Officers.
All the Secretaries of Zilla Parishads through the District Collectors concerned.
All the District Panchayat Officers.
The Presiding Officer, Labour Court, Hydrabad.
The International Telugu Institute, Tarnaka, Hyderabad.
The Chairman, A.P.Housing Board, Hyderabad.
The Chairman, Tribunal for Disciplinary proceedings, Hyderabad.
The Managing Director, A.P. GENCO/ TRANSCO, Vidyut Soudha, Hyderabad.
The Commissioners of Municipal Corporation, Vijayawada, Greater
Visakhapatnam, Kurnool, Rajahmundry, Guntur, Nellore, Kakinada, Eluru, and
Kadapa.
The Secretary, Tungabhadra Board, Hospet, Karnataka State.
The Resident Commissioner, AP Bhavan, No.1, Ashok Road, New Delhi.
All Registrars of Universities in Andhra Pradesh,
The Spl. Officer Institute of Administration, Hyderabad.
The Spl. Commissioner, A.P.Bhavan, Ashoka road, New Delhi.
The Pay and Accounts Officer, Thungabhadra Project, High level canal, Stage-I,
Anantapur District.
The Director General, Dr. M.C.R. H.R.D Institute of A.P., Jubilee Hills,
Hyderabad.
The F.A. & C.A.O., N.S. Project, Secretariat Buildings, Hyderabad.
The Director of Accounts, G.B.Project, Dowlaiswaram, E.G.District
The Director of Accounts, Sicilian Project, Karoal.
The Asst. Pay and Accounts, Vamsadhara Project, Srikakulam District
The Director of Accounts Telugu Ganga Project, Cuddapah District
The Pay and Accounts Officer, Government of India, New Delhi.
The Member Secretary cum Treasurer AP Employees Welfare Fund, SLC,
Hyderabad