. FLASH !!! 7TH PAY ALLOWANCES APPROVED BY CABINET- SEE THE POST BELOW

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Please contribute for the above cause. All to deposit contributions in AICE Insprs' Assn a/c No.800171737 with Indian Bank Patna West Gandhi Maidan Br IFSC IDIB000P027.

Tuesday, March 20, 2012

GOOD NEWS - BY SGAICEIA

While we received the happy news that Government issued orders for grant of one increment in pre-revised pay scale for those who were due for their increments between Feb-2006 to Jun-2006, another long pending demand of the employees for enhancing the interest rate on Provident funds has also been considered in favour of employees to some extent.


In the resolution F.No: 5(1)-B(PD)/2011 dated 19.03.2012, the Ministry of Finance has announced that the following Provident funds in which Central Government Employees subscribe for their retirement benefit will carry interest at the rate of 8.6% with effect from 01.12.2011.  However, the these provident funds will remain to fetch interest at the rate of 8% from 01.04.2011 to 30.11.2011.

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