Introduction of New TR-7D Challan for depositing money for Provident Fund of employees relating to Non-Government Educational Institutions and Local Authorities and other similar institutions.
DPPG,WB will generate the Interest Transfer Credit Bill in TR Form No. 43 within the 10th of every month for the subscriber whose Final Payment of GPF has been drawn during the preceding month on the basis of Final Payment Authority of GPF issued from DPPG.
The existing TR-47 schedule for transfer of money for Provident Fund from the Pay bill submitted by Drawing and Disbursing Officer shall continue to exist as usual.
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.
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.
In case of final withdrawal of accumulations in the Provident fund, interest shall he payable thereon to the employee or his nominee or legal heirs, as the case may be, up to the end of the month preceding which the payment is made.
The teaching and non-teaching staff shall exercise their options in the prescribed form to switch over to Pension-cum-Gratuity Scheme and submit the same to the concerned Head of the Institution within 90 days from date of publication of notice.
Conversion of Option from CPF to GPF in terms of solemn order and judgment dated 16.07.2013 passed by the Hon’ble Special Bench, High Court at Calcutta for the teaching and non-teaching staff of non-Govt. aided recognized Madrasahs.
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.