Finance, Provident Fund đī¸ 700
GPF interest at the rate of 8.8% (eight point eight per cent) per annum. This rate will be in force during the financial year beginning on 1st April, 2012.
Government of West Bengal
Finance Department
Audit Branch
No. 5288-F(J), Dated: 22.06.2012
RESOLUTION
The Governor is pleased to decide that during the year 2012-13, 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 8.8% (eight point eight per cent) per annum. This rate will be in force during the financial year beginning on 01.04.2012. 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