Rate of Interest on GPF during the year 2011-12

GPF, CPF, CPFE shall carry interest at the rate of 8% (eight per cent) for the period from 1.4.2011 to 30.11.2011 and 8.6% (eight point six per cent) w.e.f. 01.12.2011.

Government of West Bengal
Finance Department
Audit Branch

No. 2908-F( J), Date : 09.04.2012

RESOLUTION

The Governor is pleased to decide that during the year 2011-12, accumulations at the credit of the subscribers to the General Provident Fund and other similar funds under the administrative control of the Govt. of West Bengal shall carry interest at the rate of 8% (eight per cent) for the period from 1.4.2011 to 30.11.2011 and 8.6% (eight point six per cent) w.e.f. 01.12.2011. The funds concerned are:-

i) General Provident Fund (West Bengal Service)
ii) Contributory Provident Fund ( West Bengal)
iii) Provident Fund maintained under the West Bengal Non-Govt. Educational Institutions and Local authorities (CPFE) Act, 1983.
iv) Any other Provident Fund maintained in the state Accounts with approval of this Govt.

2. Ordered that the resolution be forwarded to all Departments of the Govt. of West Bengal and published in Kolkata Gazette.

By order of the Governor,

Sd/- P.N. Sammader
Joint Secretary to the
Government of West Bengal
Finance Department

No. 2908-F dated 09.04.2012

Comments

  1. MIHIR ACHARYA says

    What will be the interest rate of GPF from 01/04/2012 in case of the employee of West Bengal ? Is it 8.8 or 8.6 ?

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