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Tuesday, March 24, 2009

Interest on Sixth CPC arrears clarified

Interest on arrears of Sixth Central Pay Commission deposited by Government servants in their General Provident Fund (GPF) account has been clarified. The OM dated August 30, 2008 contained the guidelines on fixation of pay and payment of arrears apart from the instructions allowing employees to deposit the arrears in the GPF account. It was, however, not clear whether such arrears so deposited will earn interest or not.
In this connection, it is clarified that the OM dated August 30, 2008 does not specify otherwise and as such the amount of arrears deposited in the GPF account will earn interest. Such interest will be payable from the date of deposit in the GPF account. (Department of ExpenditureOMF. No. 1 / 1/ 2008 IC dated December 30, 2008)

1 comment:

  1. Sir I am a Gr-III Stenographer working in Central Revenue Departmental Office. As per 6th Pay Commission my pay has been fixed in pay band-2 in which qulalified Sepoys LDCs, Tax Assistants are also placed. Sir, Sepoy qulaification is 8th class , where as Stenographer's is technically qualified one. Where is justice Sir. Eearlier it was UDC's Basic for Stenographers. Now Stengrapher post is equalized with sepoy post. Is it true or not. Very bad Sir. To whoom shall we represent. Our pay may be fixed in pay band-3. please convey to the concerned department Sir. Markandeya, Gr.III Stenographer.

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