Department: Finance
The functions of the Finance Department are performed through 5 (five) branches, namely, Audit, Budget, Revenue, Internal Audit and Institutional Finance. Tabular View
- Rate of Interest on GPF (01.01.2021 to 31.03.2021)
Accumulation at the credit of the subscribers to General Provident Fund and other similar funds shall carry interest at the rate of 7.1% per annum. The rate will be in force during this financial year for the period from 01.01.2021 to 31.03.2021.
- Performance Security/ Security Deposit reduced to 3%
It is decided that the performance security for all existing contracts or the contracts which will be entered into within 31.12.2021 shall be reduced to 3% from the existing 10%.
- Extension of Last Date for Submission of Life Certificate
In view of the ongoing COVID – 19 pandemic and the vulnerability of the elderly persons to Corona virus, the Governor has now been pleased to order that in the current year all the Pensioners/ Family Pensioners may submit Life Certificate to the Treasuries/ Pension Disbursing Banks, as the case may be, till 28.02.2021.
- Procedure for Execution of “Paray Samadhan Program”
Necessary permission is given to accord Administrative Approval and Financial Sanction, float tender and start execution process for sub-projects upto Rs. 5 lakh within the project of “Paray Samadhan Program” created by PSPM Department.
- Works related to “Paray Samadhan” Campaign
The “Paray Samadhan” campaign/ programme has recently been introduced by West Bengal Government to provide early resolution to public demands and grievances.
- Rate of Dearness Allowances/ Relief from January, 2021
State Government Employees drawing pay more than Rs. 2,01,000/- only will also get Dearness Allowance @ 3% of revised basic pay and the pensioners still drawing pre-revised pension will get Dearness Relief @ 133% with effect from 01.01.2021.
- Dearness Allowance @ 3% of Basic Pay w.e.f. 01.01.2021
The whole time State Government employees drawing basic pay upto Rs. 2,01,000/-shall draw Dearness Allowance @ 3% of basic pay w.e.f. 01.01.2021. The calculation of Dearness Allowances shall be made taking into account the revised basic pay and NPA.
- Acceptance of Life Certificates submitted through Messenger/ Post
All the Pension Disbursing Authorities are requested to accept the duly verified Life Certificates submitted through messenger/ post and should not insist upon the physical appearance of the Pensioners/ Family Pensioners in the Bank branches/ Treasuries.
- Who are authorized to Verify Life Certificates?
As per West Bengal Treasury Rule the Pensioners/ Family Pensioners are required to submit Life Certificates duly verified by authorized persons in the month of November every year to the pension disbursing Bank/ Treasuries.
- Rate of Interest on GPF (01.10.2020 to 31.12.2020)
Accumulation at the credit of the subscribers to General Provident Fund and other similar funds shall carry interest at the rate of 7.1% per annum. The rate will be in force during this financial year for the period from 01.10.2020 to 31.12.2020.