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)
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.
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.
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.
CHECK ALSO: Post Office Interest Rate Table 2020
(BY ORDER OF THE GOVERNOR)
ADDITIONAL CHIEF SECRETARY TO GOVERNMENT
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