The new system will provide benefits such as real-time online services to the subscribers for accessing their Provident Fund Statements, withdrawing fund from Provident Fund Deposit Account and Final Settlement of Provident Fund entitlement.
Provident Fund for Employees of West Bengal
1) GPF (General Provident Fund), 2) CPF (Contributory Provident Fund), 3) EPF (Employees Provident Fund).
Rate of Interest on GPF (01.10.2018 to 31.12.2018)
During the period from 01.10.2018 to 31.12.2018, accumulation at the credit of the subscribers to General Provident Fund and other similar funds shall carry interest at the rate of 8% per annum.
Rate of Interest on GPF (01.07.2018 to 30.09.2018)
During the period from 01.07.2018 to 30.09.2018, accumulation at the credit of the subscribers to General Provident Fund and other similar funds shall carry interest at the rate of 7.6% per annum.
Recovery of GPF Temporary Advance before Retirement
Number of instalments should be fixed in such a manner that the recovery of the Temporary Advance is completed prior to six months from the date of retirement on superannuation of the subscriber.
Online GPF Module to Group D Work Charged Employees
All Work Charged employees shall be mapped with their respective Head of Offices in the stakeholder module of HRMS within 15.06.2018.
Approval of Opening Balance of GPF (Group D Employees)
Extension of last date of entry and approval of Opening balance of GPF for Group D Employees in IFMS and submission of documents to DPPG WB.