Treasury Fixed Deposits; rates of interest revised

          In GO (P) No.50/2011/Fin dated 22/01/2011 Government have revised the rates of interest on deposits in the Treasuries with effect from 01/02/2011 as given below (new rates in brackets):

180 days and above but below 1 year: General (7.25); Senior Citizens (7.75)

1 year and above but below 2 years: General (8.00); Senior Citizens (8.50)

2 years and above but below 3 years: General (8.25); Senior Citizens (8.75)

3 years and above: General (9); Senior Citizens (9.50)

          For more details, please click here to downlaod the Order.

16% increase in DA ordered

          In G.O (P) No.37/2011/Fin dated 18/01/2011 Government have ordered 16% increase in Dearness Allowance to State Government Employees, Teachers, Staff of Aided Schools, Private Colleges and Polytechnics, Full Time employees borne on the contingent and work charged establishments and employees of Local Bodies w.e.f. 01.07.2010

          The revised rate of D.A. due from 01.07.2010 (additional 16%) will be paid in cash with the salary due for the month of January, 2011 onwards.

          The arrear for the period from 01.07.2010 to 31.12.2010   will be drawn and credited to the PF account of the employee along with the salary bill for the  month of  January, 2011  to July, 2011.

          For more details, please click here to download the Order.