Centralized Online GPF Module – Interest Calc.
The Centralized Online GPF Module is an advanced digital tool used for managing government employee funds. One of the key features of this system is its ability to accurately calculate interest rates, ensuring that employees’ funds grow at a steady pace. This calculation process is done automatically within the system and takes into account various factors such as the current interest rate, the type of investment, and the amount deposited. With this feature, government employees can be assured that their hard-earned savings are being managed efficiently and effectively.
MF-CGA/07/11/GPF-MIDS/Pt File 3/52-90
Government of India
M/O Finance, Department of Expenditure
Controller General of Account
Mahalekha Niyantrak Bhawan
GPO Complex, ‘E’ Block
INA, New delhi – 110023
Dated 12th April 2019
Sub:- Centralized online GPF Module – Interest Calculation regarding
After the closing for the Financial year 2018-2019 the interest on GPF is to be calculated before consolidation of March Supplementary I Accounts. PAOs and merged DDOs who are using online GPF Module have to follow steps as per enclosure before calculation of interest on GPF accumulation of the subscribers
In view of the above, all Pr. CCAs/CCAS/Cas (with independent Charge) are requested to direct all such PAOs and merged DDO attached to their PAOs and merged DDOs attached to their PAOs adhere to the instructions attached.
Asstt. Controller General of Accounts
What is the Centralized online GPF Module?
The Centralized online GPF Module is a system that allows PAOs (Pay and Accounts Offices) and merged DDOs (Drawing and Disbursing Officers) to manage and calculate interest on the General Provident Fund (GPF).
When is the interest on GPF calculated?
The interest on GPF is calculated after the closing for the Financial year 2018-2019 and before the consolidation of March Supplementary I Accounts.
Who needs to follow the steps for interest calculation?
PAOs and merged DDOs who are using the online GPF Module need to follow the steps provided in the enclosure for the calculation of interest on GPF accumulation of the subscribers.
What should Pr. CCAs/CCAS/Cas (with independent Charge) do?
Pr. CCAs/CCAS/Cas (with independent Charge) are requested to direct all PAOs and merged DDOs attached to their offices to adhere to the instructions provided for interest calculation.