GO.22 22.01.2013 DA ARREARS OF THE CPS ACCOUNT PAY IN CASH

Government has ordered through GO.22 dated 22.1.2013 on DA Arrears of CPS accounts holders that;
  • Out of the DA Arrears drawn and credited to CSS Account earlier in respect of employees covered under the New Pension System, 90% shall be paid in Cash to the employees concerned, and 10% shall be credited to the CPS Head of Account along with the Government contribution.
  • In case, the CPS deductions are not affected from the date of joining of Government servant concerned in pursuance of the instructions issued earlier or where there are  deductions still due  to be made for some months, it shall be made out of the above 90% amount ordered to be paid in cash
  • Interest on the amount outstanding in CSS amount of each employee till such adjustment, shall be calculated @8% for actual period of such deposit and paid to the employee concerned in cash
Down load the Copy: Click Here ->> GO.22 22nd Jan - 90% of DA Arrears of CPS Account holders to be paid in Cash (Which was earlier credited into CPS account)