GOVERNMENT OF ANDHRA PRADESH
FINANCE (PENSION-I) DEPARTMENT
Pensions – Settlement of pensionary benefits in time – Avoiding payment of penal interest in case of delay – Rate of interest –Instructions - Issued.
(Pen.I) Department, dated 21.4.1999.
The following amendment is issued to the orders issued in reference cited.
2. The following shall be substituted to para 10 of the orders issued in the reference cited.
The rate of interest on belated payment of retirement Gratuity was 5% for the period beyond three months. Interest may be allowed to those who retire or die while in service on or after 7.10.1986, on delayed payment of Retirement Gratuity at the rate of 7% per annum for the period beyond three months and upto one year and beyond one year at 10% per annum, after the gratuity becomes due in which the payment is actually made.
The rate of interest on belated payment of retirement Gratuity was 4.5% for the period beyond three months. The interest rate of 5% shall be allowed on delayed payment of retirement Gratuity for the period beyond 3 months after the gratuity becomes due and payable till the end of the month proceeding the month in which the payment is actually made.
3. The Memo. is available on Internet and can be accessed at the address http://www.aponline.gov.in.
P. RAMAKANTH REDDY
PRINCIPAL SECRETARY TO GOVERNMENT.
The Principal Accountant General, A.P. Hyderabad.(with a covering letter)
The Accountant General (A&E) A.P. Hyderabad.
The Accountant General (Audit. I) A.P. Hyderabad.
The Accountant General (Audit.II) A.P. Hyderabad.
The Director of Treasuries, A.P. Hyderabad.
The Director of State Audit, A.P. Hyderabad.
The Director of Works and Projects, Hyderabad.
The Pay and Accounts Officer, Hyderabad.
The Joint Director, Pension Payment Office, M.J Road, Hyderabad- 500 001.
All Departments of Secretariat.
The Principal Secretary to Governor, Raj Bhavan, Hyderabad.(with a covering letter)
All the Heads of Departments.
The Registrar General, High Court of Andhra Pradesh, Hyderabad (with a covering letter)
The Registrar, A.P. Administrative Tribunal, Hyderabad.(with a covering letter)
The Registrar, Lokayukta and Upa Lokayukta, A.P. Hyderabad.
The Secretary, Andhra Pradesh Public Service Commission, Hyderabad. (with a covering letter)
The Secretary, A.P. GENCO/ TRANSCO, Vidyut Soudha, Hyderabad.(with a covering letter)
The Commissioners of Municipal Corporation, Hyderabad, Vijayawada, Visakhapatnam,
Warangal, Kurnool, Rajahmundry, Guntur, Nellore and Kakinada.
The Registrar, Osmania/Andhra/ Sri Venkateswara/ Kakatiya / Nagarjuna/ A.P.
Agricultural/ Jawaharlal Nehru Technological University/ Sri Krishna Deva Raya
University/ Dr. B.R. Ambedkar Open University, Hyderabad/Sri Padmavathi Mahila
Viswavidyalayam/Sri Pottisriramulua Telugu University/Dravidian University and NTR
University of Health Sciences, Vijayawada.
The Chairman, Tribunal for Disciplinary Proceedings, Hyderabad.
The Chairman, A.P. Housing Board, Hyderabad.
All the Collectors.
All the District Judges.
All the District Treasury Officers.
All the District Development Officers of Zilla Praja Parishads.
All the District Panchayat Officers.
All the District Educational Officers.
The F.A.& C.A.O., N.S. Project, Secretariat Buildings, Hyderabad.
The Secretary Tungabhadra Project, Via. Hospet, Ballary District.
The Dy. C.A.O., N.S. Right Canals, Vijayapuri North, Nalgonda District.
The Dy. C.A.O., N.S. Left Canals, Tekulapally, Khammam District.
The Dy. C.A.O., G.B. Project, Dowlaiswaram, E.G. District.
The Director of Accounts, Sriramsagar Project, Nizamabad District.
The P.A.O., T.P.H.L.C., Stage-I, Anantapur.
The Assistant P.A.O., Vamsadhara Project, Srikakulam District.
The Director of State Ports, Kakinada, East Godavari, A.P.,
All the Secretaries of Market Committees through Director of Marketing (30 copies).
All the Commissioners/ Special Officers of Municipalities through the Commissioner
of Municipalities (50 copies).
The Commissioner, Dr. M.C.R. H.R.D Institute of A.P. (Institute of Administration),
Jubilee Hills, Hyderabad.
The Chairman, Commission of Enquiries, A.P. Hyderabad.
The Special Commissioner, Andhra Pradesh Bhavan, Ashoka Road, New Delhi-110 001.
The Pay & Accounts Officer, Government of Andhra Pradesh, New Delhi-110 001
Copy to SF/SCS.
This G.O. is available on the Internet at www.aponline.gov.in.