TS Staff GIS Curiosity Charges 2023. Authorities of Telangana, Finance Division has given TS GIS Curiosity Charges Govt Orders i.e., GO MS.No.48 on 30-04-2021. On this relating to, Govt introduced the Revised Charges of Curiosity on collected financial savings fund and launched the Revised Desk of Advantages for the interval from 01.07.2020 to 30.09.2020 for Telangana State Authorities Staff Group Insurance coverage Scheme 1984 beneath Staff Welfare Scheme.
1. GO Ms.No.293, dt: 08.10.1984. (2) GO Ms.No.312, dt: 06.11.1984. 3. GO Ms.No.367, dt: 15.11.1994. 4. GO Ms.No.381, dt: 05.12.1994. 5. GO Ms.No.382, dt: 05.12.1994 and Within the reference GOI, Decision No.F.No.5(2)-B (PD)/2020, Ministry of Finance, Division of Financial Affairs (Funds Division), dated.13.07.2020, the Authorities of India have introduced the speed of curiosity on accumulations on the credit score of subscribers to the GPF and different comparable funds shall be 7.1% for the interval from 01.07.2020 to 30.09.2020.
Within the reference G.O.Rt.No.1036, Finance (HRM.V) Division, dated.09.09.2020, Authorities have adopted the above fee of curiosity @ 7.1% each year for the interval from 01.07.2020 to 30.09.2020 on the Provident Fund and different comparable Funds i.e., Telangana Authorities Life Insurance coverage Fund maintained by the Authorities of Telangana on par with charges of Authorities of India.
Accordingly, within the reference Letter No.07/GIS/2020-2021, dated.17.09.2020 of Director of Insurance coverage (FAC), Telangana, Hyderabad, the Director of Insurance coverage has furnished the desk of advantages relevant for the interval from 1st July 2020 to thirtieth September 2020 for consideration and approval.
Authorities, after cautious examination of the proposal of the Director of Insurance coverage (FAC), Telangana, Hyderabad, hereby order that, in supersession of the Orders issued within the reference G.O.Ms.No.68, Finance (Admn.I) Division, dated.21.10.2020, the Revised Charges of Curiosity on the Telangana Group Insurance coverage Saving Funds shall be allowed @ 7.1 % per Annum from 01.07.2020 to 30.09.2020.
The Director of Insurance coverage, Telangana, Hyderabad shall concern the revised Tables for the interval overlaying from 01.07.2020 to 30.09.2020 and take needed additional motion within the matter accordingly.
Obtain the TS Worker Group Insurance coverage Scheme Curiosity Charges and Maturity worth Desk from right here. Telangana State Staff Group Insurance coverage Scheme Revised desk of advantages for the interval 01-07-2020 to 30-09-2020 @ 7.1%.
Amassed financial savings fund of 1 unit web good thing about maturity worth
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GIS Curiosity Charges
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GO.MS.No.112, Dated: 22.08.2015 Particulars
GO.112 TS Staff GIS New Curiosity Charges Desk: GO.MS.No.112, Dated: 22.08.2015, Authorities of Telangana, Public Companies, Finance Division- Staff Welfare Scheme -Telangana State Staff Group Insurance coverage Scheme 1984 – Communication of Tables of Advantages for Financial savings Fund for the interval from 01.04.2015 to 31.03.2016 – Revised Tables – Orders – Issued.
Order: Within the reference, G.O.Ms.No.293, dated: 08.10.1984 Orders was issued introducing Group Insurance coverage Scheme to the State Authorities Staff instead of Household Profit Scheme with impact from 01.11.1984. Accordingly to Para 9 of the above Order, the Accumulations of Financial savings Fund Half and Insurance coverage Fund half shall carry curiosity on the Charges prescribed by Authorities on occasion.
2. Within the reference G.O.Ms.No.312, dated: 06.11.1984, Orders have been issued for apportioning the Subscription of every unit of Rs.10/- between Insurance coverage Fund and Financial savings Fund within the Ratio of Rs.3.125/-and Rs.6.875/- respectively.
3. By way of the Advice of the Committee constituted to Evaluate the working of the Staff Group Insurance coverage Scheme in Authorities Orders GO Ms.No.367, dated: 15.11.1994., orders have been issued for Revision of Price of Subscription every unit from Rs.10/-to Rs.15/- with impact from 01.11.1994.
In Modification of the Para 9 of the Authorities Orders 1st learn above, orders have been issued in Authorities Orders G.O.Ms.No.381, dated: 05.12.1994., for fixing the Curiosity on the Accumulations of the Financial savings Fund of the Member of the Scheme for the State as an entire and shall be paid on the Price of 12 % per Annum compounded Quarterly with impact from 01.11.1994.
Additional, within the Authorities Orders G.O.Ms.No.382, dated: 05.12.1994., the Apportionment of the Subscription of every unit Rs.15/- between Insurance coverage Fund and Financial savings Fund was mounted within the ratio of 4.50/- and Rs.10.50/- respectively with impact from 01.11.1994. The Quantity of Insurance coverage protection might be Rs.15,000/- for every unit of Subscription.
The Price of Curiosity on Accumulations of Financial savings Fund of the Member of the Scheme and the Curiosity on the Insurance coverage Fund on occasion is as follows: 5. Within the reference Director of Insurance coverage, A.P. Hyderabad Letter No. 2/GIS-I/Tables/2014 – 2015, dated: 01.04.2014, Authorities has issued Orders for decreasing the Price of Curiosity from 8.8 % to eight.7 % per Annum with impact from 01.04.2014 on the Provident Funds and different comparable Funds i.e., Authorities Life Insurance coverage Funds maintained by the Authorities of Andhra Pradesh on par with Charges of Authorities of India till additional Orders.
6. Within the reference Director of Insurance coverage, Telangana, Hyderabad Letter No. 2/GIS-I/Tables/2015–2016, dated:23-06-2015, Authorities has issued Orders revising the charges of curiosity on the Group Insurance coverage Financial savings Fund at 8.7 % per Annum from 01.04.2014 onwards and the Tables have been revised and issued for the interval overlaying from 01-04-2014 to 31-03-2015.
7.In view of the above circumstances and after cautious examination of the matter, Authorities hereby order that in Supersession of the Orders issued within the reference sixteenth learn above, the Revised Charges of Curiosity on the Telangana Group Insurance coverage Financial savings Funds shall be allowed at 8.7 % per Annum from 01.04.2015 onwards and the Tables are revised and issued for the Interval overlaying from 01.04.2015 to 31.03.2016.
The Revised Tables of Advantages I, II and III, III (A) to III (U) on Financial savings Fund of Telangana State Staff Group Insurance coverage Scheme 1984 on Cessation of Membership through the Interval from 01.04.2015 to 31.03.2016 are appended herewith for making Funds beneath the Scheme.
8. These Orders and Tables shall are available pressure with impact from 01.04.2015. TS Staff GIS New Curiosity Charges Desk
9.The Sanctioning Authorities / Drawing and Disbursement Officers / Treasury Officers / District Audit Officers / Pay and Accounts Officers / Director of Works Accounts are requested to maintain in view of the appended Desk whereas sanctioning and making the Closing Funds beneath Group Insurance coverage Scheme for correct Implementation of the Scheme. Additional, the next Directions shall even be Scrupulously adopted.
(1)The Head of the Division / Drawing and Disbursement Officer shall be held chargeable for sanctioning the Group Insurance coverage Scheme Closing Funds. If any Extra Funds are discovered, the Distinction Quantity shall be collected from the sanctioning Authority and such Officers are responsible for Disciplinary Motion.
(2)The Drawing and Disbursement Officer shall get well the Right Price of Subscription in accordance with the eligible Group of the Staff. For any Extra / Much less Restoration the Drawing and Disbursement Officer shall be held accountable.
(3)The Director of Insurance coverage, Telangana, Hyderabad shall conduct an everyday Audit of all Claims paid beneath Group Insurance coverage Scheme and ship a Report back to the Head of the Division involved.
(4)The Head of the Division involved shall take motion towards the erring Officers who’re chargeable for the Extra / Much less Recoveries wherever they’re detected.
(5)Any Extra Cost made, if discovered through the Audit by the Directorate of Insurance coverage, the identical shall be instantly recovered from the involved and remitted by way of Challan to the involved Head of Account by the Drawing and Disbursement Officer and the actual fact of remittance shall invariably be communicated to the Directorate of Insurance coverage.
(6)If an Worker’s Subscription is just not recovered throughout his Service Interval, the Complete Subscription together with Curiosity shall be recovered from the Funds admissible to him.
(7)All of the Heads of Workplaces ought to take Immediate Motion for recording the mandatory Subscription Entries within the Service Registers of the Staff beneath correct Attestation each 12 months on the shut of March a Certificates shall be recorded within the Service Guide of every Worker that Subscription to the Scheme on the Acceptable Charges have been recovered for the Interval from April to March. The Entries shall be attested by the Drawing and Disbursing Officer.
(8). As per G. O. Ms. No. 910, Finance (Admn.II) Division, dated: 28.10.2002. “sanctioning authority shall ship a replica of Sanction Orders of the Group Insurance coverage Scheme Cost together with calculation slip to the Directorate of Insurance coverage for verification”.
10.The Director of Insurance coverage is additional suggested to acquire the Revised Charges of Curiosity from the Authorities of India and submit the Proposals to the Authorities upfront each 12 months in order to concern Orders in time.
11.The Director of Insurance coverage, Telangana, Hyderabad shall take additional needed motion within the matter accordingly.
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