RBE No. 170/2008: Provident Fund – Rate of interest

No.F(E)III/2003/PF 1/1, dated 07.11.2008

Sub:  State Railway Provident Fund – Rate of interest during the year 2008-09.

1.     The accumulations at the credit of the subscribers to State Railway Provident Fund for the financial year beginning on 01.04.2008 shall carry interest at the rate of 8% (Eight per cent) per annum.

2.     In this connection a copy of Resolution No.F.No.5(1)-B(PD)/2008, dated 30^th October, 2008  received from the Ministry of Finance (Dept. of Economic Affairs) is also enclosed for information and guidance.

3.     Please acknowledge receipt.

4.     Hindi version will follow.

Ministry of Finance

Department of Economic Affairs

No.F.No.5(1)-B(PD)/2008, dated 30^th October, 2008

RESOLUTION

1. It is announced for general information that during the year 2008-2009, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall continue to carry interest at the rate of 8% (Eight per cent) per annum. This rate will be in force during the financial year beginning on 01.04.2008. The funds concerned are:-

(1) The General Provident Fund (Central Services).

(2) The Contributory Provident Fund (India).

(3) The All India Services Provident Fund.

(4) The State Railway Provident Fund.

(5) The General Provident Fund (Defence Services).

(6) The Indian Ordnance Department Provident Fund.

(7) The Indian Ordnance Factories Workmen’s Provident Fund.

(8) The Indian Naval Dockyard Workmen’s Provident Fund.

(9) The Defence Services Officers Provident Fund.

(10) The Armed Forces Personnel Provident Fund.

2.     Ordered that the resolution be published in Gazette of India.

Download Railway Board Circular RBE No. 170/2008

Forward reference ⇒ RBE No.