A school teacher retired on 30-Sep-2013.
Deposited GPF regularly upto April-2013, stopped from May-2013.
Received principal in full & interest upto 2010-2011 (as the ADI office always runs at a lag).
The school received a cheque dated 25-03-2014, though it was handed over to him on 24-04-2014.
He deposited it to the bank & the same was encashed on 01-05-2014.
Q-1) How long the incumbent will continue to receive the interest? (a) upto 24-04-2014, (b) 3 years after retirement, i.e., 30-09-2016.
Q-2) How the school consider the cheque in the school-statement — (a) withdrawn in FY 2013-14 (as it was issued on 25-03-2014), (b) withdrawn in FY 2014-15 (as it was delivered on 24-04-2014)?