Source:
The State Government of West Bengal decided, in a resolution dated October 12, 2023, that the accumulated credit of Subscribers who have subscribed for the general provident fund and other similar funds maintained under administrative control of the government from October 1, 2023, to December 31, 2023, shall bear a rate of 7.1% (Seven Point One Percent) per annum.
The funds concerned are:
· General provident fund (West Bengal Service). • Contributory provident fund (West Bengal).
· Provident funds maintained under the West Bengal Non-Government Educational institutions and Local Authorities (Control of Provident Fund of Employees) Act, 1983.
· Any other provident fund maintained under state account with the approval of the government.
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