ZP bifurcation leads to GPF confusion in Nizamabad

first_imgNizamabad: Confusion is prevailing among the GPF account holders due to non-disbursal of Employees General Provident Fund (GPF) even after Zilla Parishad offices were set up in the newly formed districts.Due to the non-disbursal, the government hasn’t paid interest for about 10 years, taking up the dues to an amount of Rs 100 crores. There is no clarity whether the GPFs are divided or not. Also Read – Hyderabad: Intermediate student dies of cardiac arrest in class Advertise With Us There are about 1,000 Panchayat Raj employees in the joint Nizamabad district, who all will come under Zilla Parishad, working in ZP and MPDO offices and schools. The government has set up a General Provident Fund (GPF) for this purpose and the ZP office has a separate department for its management. Each employee is assigned a number to open GPF account through online. Under GPF, employees must deposit 10% of their wages and the government pays 8% interest on what the employees have deposited. Also Read – Vemulawada school seized after road accident Advertise With Us There are 690 GPF accounts in the former Nizamabad district. The government has to pay interest on the source fund deposited by the employees, but the government has not been paying interest since 2009. The government owes about Rs 100 crore towards the interest to the employees. After Kamareddy was separated from Nizamabad district, Zilla Parishad office was recently opened in Kamareddy. GPF section has to be set up. Accounts should be disbursed from the joint district, but no dispatches were made till date. The number of accounts in Kamareddy district is yet to be determined. Now the doubt is that how the government will divide interest and GPF if the accounts are transferred to Kamareddy district.last_img

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