In case of the retired teacher,the interest will stop after 6 months from the date of retirement. But when we claim for withdrawn the P.F., then the A.I. disburse the principal and interest amount up to the date of retirement.But the interest of that year will not reached to the school for not ending the financial year. So,this interest will be calculated and received by the retired teacher in two times.
In case of resigned teacher, there is no bar to calculate the interest in first school. In another school the appointed teacher will open a new account and subscribes his/her amount. After resignation (i) he will apply to his previous school for withdrawn his P.F. with interest.(ii) Then the H.M. forward it to the A.I.(iii) A.I. gives the cheque to the school. (iv) School deposits it in their account. (v)When it will be cash,then the school disburses it in cheque to the incumbent. (vi) Now the incumbent clears the cheque in his/her own account. (vii) He/She will go to the treasury and filled T.R.7 form in 4 copies and signed by the treasury officer.(viii) Now he/she will go to the Bank and pay the same in cash or cheque. (ix) Bank will give one of four copies to the incumbent and other will send to the treasury. (X) The incumbent informed to his/her new school to add the amount in his account and the copy affixed in service book.
