None
Skip to mainRBE No. 29/2023
GOVERNMENT OF INDIA (BHARAT SARKAR)
MINISTRY OF RAILWAYS (RAIL MANTRAL AYA)
(RAILWAY BOARD)
No.D-43/25/2021-F(E)III
New Delhi, dated: 09.02.2023.
The General Managers/Principal Financial Advisors,
All Zonal Railways/Production Units etc,
DGs of RDSO and NAIR.
References have been received from Zonal Railways/PUs regarding the application of provision of Rule 920 of the Indian Railway Establishment Code (IREC)- Vol I, 1985 Edition in case of removed/dismissed employees, for payment of interest beyond the period when its payment was due and up to the date of tender of payment was made.
2. As per the provisions of Rule 920 of the IREC Vol I, when the amount at the credit of the subscriber has become due, the interest should be paid up to the date of tender of payment or up to six months after the month in which amount became payable, whichever is earlier SPRF Rules do not differentiate as far as payment of interest on SRPF balance is concerned on the manner of quitting/cessation of service, that is, be it on superannuation, voluntary retirement otherwise.
In view of the above, the interest on the SRPF balance at the credit of a subscriber has been removed or dismissed may be calculated and paid in the same manner.
(G. Priya Sudarsani),
Director, Finance (Estt.),
Railway Board.
🕑 24 Mar, 2024 08:01 AM
Minutes of the DC/JCM (Railways) and Staff Side Meeting held on 15-16 Feb
🕑 20 Mar, 2024 09:23 AM
Pensioners Samaj on discrematory nature of railway Notional Increment order
🕑 20 Mar, 2024 09:14 AM
BSNL non-executive staff wage revision: Record of Joint Committee discussion
🕑 19 Mar, 2024 10:36 AM
50% for CDA pattern employees of CPSEs in 7th CPC pay
🕑 18 Mar, 2024 01:16 PM
Changes in Reimbursement of Children Education Allowance as per NEP 2020
🕑 18 Mar, 2024 01:13 PM
Holiday declare for 14th April, 2024 – Birthday of Dr. B.R. Ambedkar
🕑 18 Mar, 2024 01:04 PM
Revised Flexible Complementing Scheme for Scientists
🕑 15 Mar, 2024 09:33 AM
Dearness Relief to Central Government pensioners from January 2024
🕑 14 Mar, 2024 02:07 PM
Govt bans 18 vulgar 18 OTT. See the list here
🕑 08 Mar, 2024 01:49 PM
Pension Scheme Gains Traction Across States, Despite Central Hurdles
🕑 20 Feb, 2024 11:17 PM
CGHS rate for general surgery applicable from February 1, 2024
🕑 08 Feb, 2024 10:19 AM
No loan interst change as RBI maintains repo rate at 6.50% for the 6th time
🕑 07 Feb, 2024 08:28 PM
The Evolving Role of Pay Commissions in India: Mandatory or Myth?
🕑 05 Feb, 2024 03:50 PM
How much you take home increase after DA hike?
🕑 03 Feb, 2024 07:59 PM
Guaranteed Benefits in NPS: Election Gambit or Endgame for Retirees?
🕑 03 Feb, 2024 07:46 PM
Budget 2024. Benefit up to ₹ 25000. One in eight taxpayers to benefit