Monthly PF subscription should strictly be regulated in such a manner so that the total sum of subscription in a financial year does not exceed the limit of Rs. 5 lakh.
Governor is pleased to decide that during the period from 01.10.2024 to 31.12.2024, accumulation at the credit of the subscribers to General Provident Fund shall carry interest at the rate of 7.1% (Seven point one percent) per annum.
In case of final withdrawal of accumulations in the Provident fund, interest shall he payable thereon to the employee or his nominee or legal heirs, as the case may be, up to the end of the month preceding which the payment is made.
Application for final payment should be submitted in proper form in due time prescribed by the government. (Form 10A where the subscriber is alive and Form 10B in case of death of a subscriber).Next Page »