Friday, 24 April 2015
Thursday, 23 April 2015
PROVIDENT FUND INTEREST RATE 2015-16 FIXED AT 8.7%
MINISTRY OF FINANCE
Government Decides to Fix Interest Rates at 8.7% for General Provident Fund(GPF) and other Similar Funds Including Special Deposit Scheme, 1975(SDS,1975) for Non-Government Provident, Superannuation and Gratuity Funds for the Financial Year 2015-16.
It was decided by the Government to link the interest rates of State PFs (General Provident Fund and other similar funds) including Special Deposit Scheme, 1975 (SDS, 1975) for Non-Government Provident, Superannuation and Gratuity Funds for the FY 2015-16 to Public Provident Fund (PPF) rates. In pursuance of that decision, the Government has decided to fix the rates 8.7% per annum applicable to the following:-
· The General Provident Fund (Central Services).
· The Contributory Provident Fund (India).
· The All India Service Provident Fund.
· The State Railway Provident Fund.
· The General Provident Fund (Defence Services).
· The Indian Ordnance Provident Fund.
· The Indian Ordnance Factories Workmen’s Provident Fund.
· The Indian Naval Dockyard Workmen’s Provident Fund.
· The Defence Services Officers Provident Fund.
· The Armed Forces Personnel Provident Fund.
The rate of interest is applicable to the above funds w.e.f. 1st April, 2015 and until further orders.
Recently, the Government had kept the interest rates for PPF and other Small Savings Schemes intact. However, interest rates for 5 year Senior citizen Saving Scheme and Sukanya Samriddhi Account Scheme have been increased from 9.2 to 9.3% and 9.1 to 9.2% respectively, keeping in view the commitment of the Government towards the welfare of the girl child and the senior citizens. DSM/KA : 21.04.2014
Sunday, 12 April 2015
Biennial Divisional Conference of National Union of Postal Employees, Postman & MTS Jalandhar Division held on 12-04-2015 at Delivery Hall of Jalandhar City HO. Sh.Surinder Sethi Circle Secretary and Sh.Ajmer Singh Circle President of union presided over the meeting. Problems of Postman & MTS staff discussed during the meeting. Sh.Saurabh Mittal Circle President NAPE C Punjab Circle and Sh.Dharam Pal Singh, Divisional Secretary NAPE C Jalandhar Division also address the members on this occasion. Election of new office bearers has also been held and following were elected unanimously.... Sh.Dalbir Ram, Postman Industrial Town as Divisional President, Sh.Balraj Kumar, Postman Jalandhar City HO as Divisional Secretary and Sh.Ram Tirath, Postman Jalandhar City HO as Treasure.
NAPE C Jalandhar Division congratulates newly elected body.
Saturday, 11 April 2015
Payment of Dearness Allowance to Central Government employees - Revised Rates effective from 01.01.2015
CLICK HERE to view Ministry of Finance, Department of Expenditure OM No. 1/2/2015-E-II (B) dated 10th April 2015 in English.