Provident Fund
1) GPF (General Provident Fund), 2) CPF (Contributory Provident Fund), 3) EPF (Employees Provident Fund).
Governor is pleased to decide that during the period from 01.07.2025 to 30.09.2025, 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.
Implementation of Employees Provident Fund and Miscellaneous Provisions Act, 1952, in respect of Para Teachers, Shiksha Bandhus and Other contractual employees under Paschim Banga Sarava Shikhsa Mission.
Introduction of Non-Government Institutions Provident Fund (NGIPF) Module in WBIFMS for Provident Fund maintenance in Non-Government Educational Institutions, Local Bodies and other similar institutions.
During the period from July 2024 to September 2024, it has been found that additional interest amounting to Rs. 15,13,234/- was paid against 15 number of Final Payment cases.
New Functionalities are: 1. Online Change of Subscription towards Provident Fund 2. Online Transfer of Provident Fund Balance upon Employee Transfers 3. Online Management of Provident Fund Nomination/ Legal Heir Details
Governor is pleased to decide that during the period from 01.01.2024 to 31.03.2024, accumulation at the credit of the subscribers to General Provident Fund shall carry interest at the rate of 7.1% per annum.
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.
Fixation of rate of interest in cases of refund of employer’s share of contribution towards C.P. FUND for availing pensionary benefits etc.
Introduction of Workflow for GPF Advance, Online Conversion of Refundable GPF Advance, Pre closure of Refundable GPF Advance and Submission of Utilization Certificate for GPF Advance in HRMS.
Irregular sanction of 90% withdrawals of G.P.F. balances are being accorded by the different heads of office under the State Govt. resulting in negative balances of the G.P.F. accounts.