TS Provident Fund Rate of interest rate of 8.1% for the Financial Year 2016-17 as per G.o.No:869.

AP Provident Fund Rate of interest for the Financial Year 2016-17 interest at the rate of 8.1% as per G.o.No:869,Dated: 21-04-2017,AP Provident Fund Rate of interest for the Financial Year 2016-17 on the accumulations on the credit of subscribers in the General Provident Fund and other similar funds until further order interest at the rate of 8.1% as per G.O.Rt.No. 869, Dated: 21-04-2017,AP Provident Fund Rate of interest for the Financial Year 2016-17 interest at the rate of 8.1% will be in force w.e.f. 01.07.2016 to 30.09.2016. As such, the rate of interest as 8.1% as per G.o.No:869.

TS Provident Fund rate of 8.1% of interest for the Financial Year 2016-17 on the accumulations on the credit of subscribers in the General Provident Fund and other similar funds until further order as per G.O.Rt.No. 869, Dated: 21-04-2017.

1. G.O.Ms.No.2142 Fin (Pen.II) Dept., dated.30.04.2013.
2. G.O.Rt.No.2075 Finance (HRM.V) Department, dt.14.07.2016
3. GOI, resolution No.F.No. 5 (1)-B(PD)/2016, Ministry of Finance and Company Affairs (Department of Economic Affairs) dt:02/06/2016.
4. GOI, resolution No.F.No. 5 (1)-B(PD)/2016, Ministry of Finance, Department of Economic Affairs (Budget Division) dt:30/10/2016.
5. GOI, resolution No.F.No. 5 (1)-B(PD)/2016, Ministry of Finance,Department of Economic Affairs (Budget Division) dt:18/01/2017.

 According to Rule 13(1) of General Provident Fund (Telangana State) Rules, Government shall pay to the credit of the account of a 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 1st read above, the State Government have adopted them interest rate of 8.1% per annum ordered by the Government of India with effect from 01/04/2016 to 30.06.2016 as ordered by the Government of Inida.

In the reference 3rd above, GOI issued orders that the interest at the rate of 8.1% will be in force w.e.f. 01.07.2016 to 30.09.2016. As such, the rate of interest as 8.1% ordered in GO 2nd read above shall continue for the period w.e.f.01.07.2016 to 30.09.2016.

In the reference 4th read above, the Government of India through its resolution No.F.No. 5 (1)-B(PD)/2016, Ministry of Finance, Department of Economic Affairs (Budget Division) dt:30/10/2016 fixed the rates of interest for the subscribers of General Provided Fund (Central Services) at 8% per annum for the period from 01.10.2016 to 31.12.2016 during the year 2016 – 17.

In the reference 5th read above, the Government of India through its Resolution No..F.No. 5 (1)-B(PD)/2016, Ministry of Finance, Department of Economic Affairs (Budget Division) dt:18/01/2017 announced the rates of interest for the subscribers of General Provided Fund (Central Services) at 8% per annum for the period from 01.01.2017 to 31.03.2017 during the year 2016-17.

Government, after careful consideration of the matter, hereby adopt the rate of interest @ 8% per annum for the period from 01.10.2016 to 31.03.2017 during the year 2016-17 on the following Provident Funds on par with the rates of Government of India.

• The General Provident Fund (Telangana State) Rules, 1935.
• The Electricity Department Provident Fund Rules.
• Emergency Cut and Compulsory Saving Rules, 1949.
• Government Distilleries Employees Provident Fund.
• Telangana State Government Life Insurance Fund.
• Telangana State employees Welfare Fund Rules.
• The G.O is available on Internet and can be accessed at the address http://www.telangana.gov.in/goir.

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