GENERATION AND DISTRIBUTION CORPORATION LIMITED
(AUDIT BRANCH)GPF rate of interest at 8%,8.6%,8.8%
and 8.7% for the financial year 2011‐12,2012‐13 and 2013‐14 order issued.
Proceedings No.3, Dated : 17‐06‐13
1.TNEB per.B.P.(Ch) No.3(Audit Branch)dated 18.8.2003 2.G.O Ms No.106,Finace(Allowances)Dept,dated
30.03.2012 3.G.O Ms No.127,Finace(Allowances)Dept,dated 19.04.2013
The Government of Tamil Nadu in G.O.Ms.No.106
Finance (Allowances) Department, dated 30.03.2012 and G.O.Ms. No.127, Finance (Allowances)
department, dated 19.04.2013 have fixed the rate of interest as follows:‐
G.O.Ms. No.106, Finance
1‐4‐2011 to 30‐11‐2011
1‐4‐2012 to 31‐3‐2013
on the accumulations at the credit of the
subscribers to General Provident fund for the financial year noted above
besides allowing the rate of interest as above on belated final payment of
General Provident Fund accumulations remaining unpaid for more than three
months on its becoming payable.
2. It has been decided to adopt the
orders of the Government to the employees in TNEB Limited, Tamil Nadu
Generation and Distribution Corporation Limited and Tamil Nadu Transmission
Corporation Limited (formerly Tamil Nadu Electricity Board).
3.Accordingly, in exercise of the powers
conferred by Section 79(c) of the Electricity (Supply) Act, 1948 (Central Act 54
of 1948), read with Section 185 of the Electricity (Supply) Act, 2003 and G.O.Ms.
No.100, Energy (B2) Department, dated 19‐10‐2010 and read with Regulation 3 (c)
of the TNEB GPF Regulations the Tamil Nadu Generation and Distribution
Corporation Limited (formerly Tamil Nadu Electricity Board) makes the following
revised rate of interest to the General Provident Fund Subscribers as follows:‐
4.Consequent on the revised interest
rates on the accumulated GPF, the Account Slips already issued for the years 2011‐12
and 2012‐2013 need revision. Hence, all the pay drawing officers may be
instructed to revise the balance as on 31‐03‐2012 and 31‐3‐2013 and to issue
fresh Accounts Slips.
5. The rate of interest on belated final
payment of General Provident Fund accumulations remaining unpaid for more than
three months on its becoming payable shall also be paid at above tabled rate
ORDER OF THE CHAIRMAN‐CUM‐MANAGING DIRECTOR)