Contributory Pension Scheme 7.1 Percent Rate of Interest w.e.f April to June 2020

Contributory Pension Scheme 7.1 Percent Rate of Interest w.e.f April to June 2020

CPS Interest Rate 2020-21

Government of Tamil Nadu 2020

FINANCE [PGC-I] DEPARTMENT
G.O.Ms.No.236, Dated 04th May 2020
(Sarvari, Chithirai-21, Thiruvalluvar Aandu 2051)

ABSTRACT

PENSION – Contributory Pension Scheme – Accumulations at the credit of subscribers to the Contributory Pension Scheme (both Employees and Employers Contributions) – Rate of interest for the financial year 2020-2021 – With effect from 1-4-2020 to 30-6-2020 – Orders – Issued.

Read the following:-
1. G.O.Ms.No.29, Finance [PGC-I] Department, dated 19-02-2020.
2. G.O.Ms.No.231, Finance [Allowances] Department, dated 23-04-2020.

ORDER:

In the Government Order first read above, orders were issued fixing the rate of interest for the accumulation at the credit of the subscribers to the Contributory Pension Scheme at 7.9% (Seven point nine per cent) for the period from 1st January, 2020 to 31st March, 2020.

2.In the Government Order second read above, the rate of interest for accumulation at the credit of subscribers to the General Provident Fund [Tamil Nadu] were fixed at the rate of 7.1% (Seven point one per cent) with effect from 1st April, 2020 to 30th June, 2020.

READ ALSO: GPF Interest Rate 2020-21: 7.1% from April to June 2020

3.The Government now direct that the rate of interest on the accumulation at the credit of the subscribers to the Contributory Pension Scheme shall carry interest at the rate of 7.1% (Seven point one per cent) with effect from 1st April, 2020 to 30th June, 2020.

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CHECK ALSO: Interest Rates of National Savings Schemes pdf download

(BY ORDER OF THE GOVERNOR)
S. KRISHNAN
ADDITIONAL CHIEF SECRETARY TO GOVERNMENT

Click to View: CPS Interest Rate 2020-21 pdf download