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Provident Fund for Employees of West Bengal
1) GPF (General Provident Fund), 2) CPF (Contributory Provident Fund), 3) EPF (Employees Provident Fund).
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.
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.
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.
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.
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.