The State Government of Tamil Nadu has published a G.O. Ms. No. 30 on 22nd January 2021 regarding the interest rate of General Provident Fund with effect from 1st January 2021.

Government of Tamil Nadu 2021

MANUSCRIPT SERIES

FINANCE [Allowances] DEPARTMENT
G.O.MS.NO.30, Dated 22nd Jan 2021.
(Sarvari, Thai-09, Thiruvalluvar Aandu 2052)

ABSTRACT

Provident Fund – General Provident Fund (Tamil Nadu) – Rate of interest for the financial year 2020-2021 – With effect from 01.01.2021 to 31.03.2021 – Orders – Issued.

Read the following:-
1. G.O.Ms.No.231, Finance (Allowances) Department, dated 23.04.2020.
2. G.O.Ms.No.306, Finance (Allowances) Department, dated 27.07.2020.
3. G.O.Ms.No.386, Finance (Allowances) Department, dated 02.11.2020.
4. From the Government of India, Ministry of Finance, Department of Economic Affairs (Budget Division), New Delhi, Resolution No.F.No.5(2)-B(PD)/2020, dated: 06.01.2021.

ORDER:

In the Government Order first, to third read above, orders were issued regarding fixation of the rate of interest on the accumulation at the credit of the subscribers of G.P.F.(TN) during the financial year 2020-2021 as detailed below:

S.No .1.
Quarter: I
Period: 01-04-2020 to 30-06-2020
Rate of Interest: 7.1%

S.No .2.
Quarter: II
Period: 01-07-2020 to 30-09-2020
Rate of Interest: 7.1%

S.No .3.
Quarter: III
Period: 01-10-2020 to 31-12-2020
Rate of Interest: 7.1%

2. The Government of India, in its resolution fourth read above, announced that during the year 2020-2021, accumulation at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven points one percent) with effect from 1st January 2021 to 31st March 2021.

3. The Government now directs that the rate of interest on the accumulation at the credit of the subscribers to General Provident Fund GPF (Tamil Nadu) shall carry interest at the rate of 7.1% (Seven points one percent) with effect from 1st January 2021 to 31st March 2021.

4. The rate of interest on belated final payment of Provident Fund accumulation remaining unpaid for more than three months of its becoming payable shall be at the same rates as ordered in para-3 above.

Coverage under CCS (Pension) Rules 1972 in place of NPS for employees whose selection for appointment was finalized before 01.01.2004 but who joined Government service on or after 01.01.2004

(BY ORDER OF THE GOVERNOR)

sd/-
S. KRISHANAN
ADDITIONAL CHIEF SECRETARY TO GOVERNMENT

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