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Administration Manual - B.E.S.T. Undertaking.

Administration Manual - B.E.S.T. Undertaking.

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1154<br />

nominee / family members of the deceased employee from BEST Staff Family Welfare<br />

Fund. Account and at the end of the financial year i.e. in the month of April every year an<br />

amount of Rs. 1000/- per death case, occurred during previous year would be<br />

reimbursement by the <strong>Undertaking</strong> to the BEST Staff Family Welfare Fund.<br />

PROVIDENT FUND INVESTMENT<br />

Every month contribution towards Provident Fund is deducted from the salary of the<br />

employees by EDP Department as per the notification of RPFC from time to time. The<br />

<strong>Undertaking</strong> contributes equal amount to this contribution. The statement showing total<br />

amount is sent to AOPF by EDP Department every month. AOPF after making provision<br />

for payment of Gratuity , P.F. Loans ( Refundable/Non refundable etc.) informs to the Cash<br />

Department the Provident Fund investible amount.<br />

The Fund of the P.F.Trust required to be invested in accordance with the pattern<br />

prescribed by the RPFC from time to time. The present pattern prescribed by RPFC is as<br />

under :

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