Provident Fund
1) GPF (General Provident Fund), 2) CPF (Contributory Provident Fund), 3) EPF (Employees Provident Fund).
Fixation of rate of interest in cases of refund of employer’s share of contribution towards C.P. FUND for availing pensionary benefits etc.
Governor is pleased to decide that during the period from 01.01.2025 to 31.03.2025, 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.
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.
What actions are to be taken by Head of Office for transfer of GPF balance to the Office of the Accountant General, West Bengal (AGWB) of those Group-D employees who are/will be promoted/ appointed to Group C category or any category higher than Group C on or after 01.04.2018?
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.
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.
GPF Interest Rate from 01.04.2016 to 30.06.2016 = 8.1%, from 01.07.2016 to 30.09.2016 = 8.1%, from 01.10.2016 to 31.12.2016 = 8.0%, from 01.01.2017 to 31.03.2017 = 8.0%.
For Transfer of Provident Fund money due to Transfer of Aided Secondary Teaching and Non-Teaching Staffs, the Administrator of School PF Deposit Account (D.I or A.I of District/Sub-Division) shall submit advice along with TR-7A Challan duly signed at the Treasury in which he/ she is attached.
All Heads of the Secondary /H.S./JR.High/Madrasah are informed to submit the option of teaching and Non-teaching staff who are interested to switch over option for taking G.P.F instead of C.P.F.
All Work Charged employees shall be mapped with their respective Head of Offices in the stakeholder module of HRMS within 15.06.2018.