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Jun 19, 2013

TANGEDCO Revised the GPF Interest rate from 1.12.2011

TAMILNADU GENERATION AND DISTRIBUTION CORPORATION LIMITED

(ABSTRACT)

(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.

(Per.)CMD TANGEDCO Proceedings No.3, Dated : 17‐06‐13


Ref:

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

8%
No change
(Allowances) Department,




dated 30.03.2012
1‐12‐2011  to 31‐03‐2012
8.6%




G.O.Ms. No.127, Finance
1‐4‐2012  to 31‐3‐2013

8.8%

(Allowances) Department,




dated 19.04.2013.
1‐4‐2013 onwards
8.7%


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:‐


1‐4‐2011
to 30‐11‐2011
8%
No change
1‐12‐2011 to 31‐3‐2012
8.6%

1‐4‐2012
to 31‐3‐2013
8.8%

1.4.2013 onwards
8.7%


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 per annum.

(BY ORDER OF THE CHAIRMAN‐CUM‐MANAGING DIRECTOR)

G.RAJAGOPAL

DIRECTOR (FINANCE)

To

All Directors/TANGEDCO , TANTRANSCO & TNEB Limited. All Chief Engineers

The Chief Financial Controller/TANGEDCO &  TANTRANSCO., The Chief Internal Audit Officer/Audit Branch.

All Superintending Engineers.
All Deputy Secretaries/Secretariat Branch,

The Residential Audit Officer/Chennai‐2. Copy to:

The Chairman‐Cum‐Managing Director’s Table, The Managing Director/( TANTRANSCO)

The Inspector General of Police/Vigilance/Chennai‐2
The Executive Assistant to Managing Director( TANTRANSCO)

The Executive Assistant to Director/Transmission Projects ( TANTRANSCO) The Executive Assistant to Director/Finance ( TANTRANSCO)

The Executive Assistant to Director/Finance (TANGEDCO) The Executive Assistant to Director/Distribution (TANGEDCO) The Executive Assistant to Director/Generation (TANGEDCO)

The Executive Assistant to Director/ Operation ( TANTRANSCO) The Personal Secretary to IGP/Vigilance/(TANGEDCO)/Chennai‐2. The Director/Computer/TANGEDCO/Chennai‐2.
The Financial Controllers.

All Officers of Accounts Branch, All Officers of Audit Branch,

The Assistant Personnel Officer/Tamil Development/Chennai‐2 for publication in the TNEB Bulletin ( 2 Copies)

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