D.D.O’s and Heads of offices are requested to forward all the final payment cases of the retiring employees to the A.G. Office immediately after compulsory stoppage of G.P.F. subscriptions.
This is a statutory responsibility of the DDOs to issue of GPF account slips to Group-D employees immediately after the end of financial year.
The Head of office shall submit an application to the O/o. the Accountant General (A&E) West Bengal requesting them to confirm the amount credited in the account of the concerned Officer under the head ‘8658’.
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.
Procedure for refund of money Deposited to GPF Account or Suspense Head of Account in respect of the Officers of All India Services covered under New Pension Scheme.
Provided that when the amount of subscription is so enhanced/reduced, it shall be within the limit of minimum 6% and maximum 100% of the emolument of the subscriber.
As the rate of interest is not uniform throughout the financial year, a new P.F. Account calculator has been created which will perfectly calculate the interest and generate the Account slip.
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.
Sanctioning Authority will sent the attested amount mentioning subscriptions, recoveries and withdrawals during the period uncovered in the A.G’s statement along with the sanctioning order to the Drawing and Disbursing Officer.
All the Heads of Offices will have to send a list of subscribers who are going to retire in the next twelve months to the Office of the Accountant General (A&E), West Bengal.