Rate of Interest for General Provident Fund 2012-13


Rate of Interest for General Provident Fund 2012-13

Enhancement of interest rates on GPF from 8.6% to 8.8%

Ministry of Finance has announced for general information that the GPF interest rates has been revised from 1.4.2012. The fund accumulaitons at the credit of subscribers to the General Provident Fund shall carry interest at the rate of 8.8% (Eight point eight per cent) per annum.

The rate will be in force during the financial year begining on 1st April, 2012.

The rate of interest on General Provident Fund was 8% from the period of April to November 2011 and once again revised the rates from 8% to 8.6% for the period of December to March 2012.

Even the nationalised banks are demanding interest on fixed deposits (upto 3 years) is now 9% only. 

Comments

Post a Comment

Popular posts from this blog

Retiring Rooms in Southern Railway Stations : Number of Rooms and with Charges

Image
Retiring Rooms in Southern Railway Stations : Number of Rooms with Charges In southern region almost in all the big stations have Retiring rooms or Dormitories for convenience of the passengers. The retiring rooms can be booked in PRS counter along with the reservation. And also to get the retiring rooms from the stations masters itself to produce the original tickets of in and outward journey. In some stations the vacancy positions of retiring rooms will be made in the notice board or electronic holdings. Detailed report of Retiring Rooms with the facility of AC and Non AC, Single or Double Bed and Dormitory Halls are compiled as available in all the stations under Southern Railway are given below for your information. Sl. No. Name of the Station Type of Accommodation No. of Beds Charges 1 Alappuzha Non AC Double Bed 2 240 2 Aluva Non AC Double Bed 1 300 3 Arakkonam Jn. Non AC Double Bed 2 170 4 Aravankadu Non Ac dormitory 3 100 5 Chengannur Non
Continue reading...

Emergency Quota in Railways : What is HOR and VIP quota..?

Image
Emergency Quota in Railways : What is HOR and VIP quota..? The emergency quota earmarked for meeting urgent travel requirement of High Official Requisition holders, Minister, IPs and VIPs and other emergent demands from various quarters is released sufficiently in advance before the scheduled departure of the train and unutilised quota gets released to the passengers on RAC/waiting lists automatically at the time to preparation of charts. With a view to ensuring allotment of Emergency Quota as per inter-se seniority in Warrant of Precedence, there is already a well established practice of allotment of Emergency Quota for self travel of High Official Requisition (HOR) holders/Members of Parliament and others. For keeping a check on the misuse of Emergency Quota, checks are conducted by Commercial Directorate from time to time, and also sometimes in association with Vigilance Directorate.
Continue reading...

Age restriction for availing LTC to son and daughter regarding...

What is the age of dependent son and daughter for LTC claim...? Is there any rule for unmarried dependent children are eligible to avail Leave Travel Concession or dependency is the only criteria..? Generally says that the female children are eligible upto marriage and male children are eligible upto age of twenty five. And one more view that the age limit for children in case of LTC should be same as for CGHS facility. According to the CCS (LTC) Rules, 1998, there is no indication of age, "Family" definition is given in the rule, "two surviving unmarried children wholly dependent on the Government servant, irrespective of whether they are residing with the Government servant or not". There is no age limit for availing LTC for the wholly dependent son or daughter.
Continue reading...