Provident Fund
1) GPF (General Provident Fund), 2) CPF (Contributory Provident Fund), 3) EPF (Employees Provident Fund).
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.
General Provident Fund and other similar funds under the administrative control of the Government of West Bengal shall carry interest at the rate of 8% (eight percent) per annum w.e.f. 01.01.2019 to 31.03.2019.
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 01.04.2020 to 30.06.2020.
During the period from 01.04.2019 to 30.06.2019, 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.
The number of court cases filed by the G.P.F account holders against non-settlement of G.P.F. money is increasing day by day as the claim application for final payment of G.P.F. money are not submitted timely.
Governor is pleased to decide that during the period from 01.07.2023 to 30.09.2023, 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.
During the period from 01.07.2022 to 30.09.2022, accumulation at the credit of the subscribers to General Provident Fund shall carry interest at the rate of 7.1%.
Government of West Bengal shall carry interest at the rate of 7.1% (seven point one percent) per annum. The rate will be in force during this financial year for the period from 01.01.2023 to 31.03.2023.
Governor is pleased to decide that during the period from 01.04.2021 to 30.06.2021, accumulation at the credit of the subscribers to General Provident Fund shall carry interest at the rate of 7.1% per annum.
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.