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================ Blog maintained by : P. Radhamohan Nair, Private Secretary to Post Master General, (Retired) Northern Region, Calicut, Kerala Circle=================

Monday, June 06, 2016

Interest Rate For General Provident Fund – Finmin Orders

(PUBLISHED IN PART I SECTION OF GAZETTE OF INDIA)
F.No.5(1)-B(PD)/2016
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
New Delhi, Dated the 2nd June, 2016
RESOLUTION
It is announced for general information that during the year 2016-2017, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8.1% (Eight point one per cent) w.e.f. 1st April, 2016 to 30th June, 2016. This rate will be in force w.e.f. 1st April, 2016. The funds concerned are:-
1. The General Provident Fund (Central Services)
2. The Contributory Provident Fund (India)
3. The All India Services Provident Fund
4. The State Railway Provident Fund
5. The General Provident Fund (Defence Services)
6. The Indian Ordnance Department Provident Fund
7. The Indian Ordnance Factories Workmen’s Provident Fund.
8. The Indian Naval Dockyard Workmen’s Provident Fund
9. The Defence Services Officers Provident Fund
10. The Armed Forces Personnel Provident Fund.
2. Ordered that the Resolution be published in Gazette of India.
/sd/-
(H.K. Srivastav)
Director (Budget)
Authority: www.finmin.nic.in

UPSC Recruitment for Enforcement Officer/Accounts Officer Posts

Ministry/Administration : Ministry of Labour and Employment

Organisation:  Employees Provident Fund Organization ( EPFO)

Posts : Enforcement Officer/Accounts Officer

Total No. of Posts : 257 Posts

Educational Qualification : Bachelor’s Degree in any Subject.

Desirable Qualification :

  • Bachelor’s degree in Law/Integrated 5 years Degree in Law/Master in Business Administration/Post Graduate Diploma in Management/Company Secretary/Chartered Accountants/Cost Management Accountant.
  • EXPERIENCE Two years experience in administration/accounts/Legal Master in any government or Listed-Private Organization.

Age Limit : Not exceeding 30 years as on normal closing date. Not exceeding 35 years for Scheduled Castes and Scheduled Tribes candidates as on normal closing date in respect of vacancies reserved for them. Not exceeding 33 years for Other Backward Classes candidates as on normal closing date in respect of the vacancies reserved for them. Relaxable for regularly appointed Central/U.T. Government Servant/EPFO employees upto Five years as per instructions/orders issued by Govt. of India from time to time. For age concession applicable to some other categories of applicants, please see relevant paras of the ‘Instructions and Additional Information to Candidates for Recruitment by Selection.

Pay Scale:  Rs.9300-34800/- plus ( PB) plus Rs.46,00/- (Grade Pay). Total emoluments excluding TA and HRA at the time of initial appointment will be Rs. 37537/-

How to Apply : Interested Candidates may Apply Online Through official Website.

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Apply Online : Click Here

Important Dates :
Last Date to Apply Online : 23-06-2016
Last Date to Print Application :24-06-2016


Pension Commutation values - Table I & II

PENSION COMMUTATION VALUES TABLES

Table 1: Commutation values of a pension of Rs. 1 per annum, effective from 1.3.1971

Table 2: Commutation values for a pension of Rs. 1 per annum as per Sixth CPC recommendations, effective from 1.1.2006

Table-1
COMMUTATION VALUES FOR A PENSION OF Re. 1 PER ANNUM 
Effective from 1st march, 1971 

[See Rules 8,26 (7), 28 (5) and 29 (1) and 29 (2) ]
Age next birthday
Commutation value expressed as number of year ’ s 
Purchase
Age next birthday
Commutation value expressed as number of year ’ s 
Purchase
Age next birthday
Commutation value expressed as number of year ’ s 
Purchase
(x)
(y)
(x)
(y)
(x)
(y)
(1)
(2)
(1)
(2)
(1)
(2)
1719.284015.87639.15
1819.204115.64648.82
1919.114215.40658.50
2019.014315.15668.17
2118.914414.90677.85
2218.814514.64687.53
2318.704614.37697.22
2418.594714.10706.91
2518.474813.82716.60
2618.344913.54726.30
2718.215013.25736.01
2818.075112.95745.72
2917.935212.66755.44
3017.785312.35765.17
3117.625412.05774.90
3217.465511.73784.65
3317.295611.42794.40
3417.115711.10804.17
3516.925810.78813.94
3616.725910.46823.72
3716.526010.13833.52
3816.31619.81843.32
3916.09629.48853.13

Table-2
COMMUTATION VALUES FOR A PENSION OF Re. 1 PER ANNUM 
as per Sixth CPC recommendations, effective from 1.1.2006 

Age next birthdayCommutation value expressed as number of year’s purchaseAge next birthdayCommutation value expressed as number of year’s purchaseAge next birthdayCommutation value expressed as number of year’s purchase
20
9.188
41
9.075
62
8.093
21
9.187
42
9.059
63
7.982
22
9.186
43
9.040
64
7.862
23
9.185
44
9.019
65
7.731
24
9.184
45
8.996
66
7.591
25
9.183
46
8.971
67
7.431
26
9.182
47
8.943
68
7.262
27
9.180
48
8.913
69
7.083
28
9.178
49
8.881
70
6.897
29
9.176
50
8.846
71
6.703
30
9.173
51
8.808
72
6.502
31
9.169
52
8.768
73
6.296
32
9.164
53
8.724
74
6.085
33
9.159
54
8.678
75
5.872
34
9.152
55
8.627
76
5.657
35
9.145
56
8.572
77
5.443
36
9.136
57
8.512
78
5.229
37
9.126
58
8.446
79
5.018
38
9.116
59
8.371
80
4.812
39
9.103
60
8.287
81
4.611
40
9.090
61
8.194



[Basis: LIC(94-96) Ultimate Table and 8.00% interest]

Source: Pensioner Portal

Employment News : 4th June to 10th June 2016


Hindustan Petroleum Corporation Limited
Name Of Post : R and D Professionals, Officers (Safety, Information Systems, Legal), Officer Trainee (HR)
No.of Vacancies : 59
Last Date :30.06.2016

High Court, Allahabad
Name Of Post : Judicial Service
No.of Vacancies : 84
Last Date :18.06.2016

Industrial Finance Corporation of India Limited, Delhi
Name Of Post : General Manager, Asst. Manager, etc
No.of Vacancies : 41
Last Date :20.06.2016

IFCI, New Delhi
Name Of Post : Deputy General Manager, Assistant General Manager etc
No.of Vacancies : 41
Last Date :20.06.2016

NTPC Limited, Maharashtra
Name Of Post : Artisan Trainee, Artisan Trainee (electrician)
No.of Vacancies : 50
Last Date :31.06.2016

NTPC Limited, Maharashtra
Name Of Post : Artisan Trainee, Artisan Trainee (electrician)
No.of Vacancies : 50
Last Date :31.06.2016
Source : http://employmentnews.gov.in/