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

1156
July 1985 & presently the scheme is in existence. The interest received under this scheme is
required to be reinvested as per RPFC Pattern of investment notified from time to time.
To workout the investible fund for the month, following steps are followed:-
1. To note the opening balance as on 1 st day of the month as per daily cash flow position
of P.F.Trust Account.
2. Add interest received during the fortnight of previous month i.e. 16 th to 30 th or 31 st of
previous month.
3. Add interest receivable during the fortnight of the month for which investible fund is
worked out i.e. from 1 st to 15 th of the month.
4. Add maturity proceeds if any received during the second fortnight of previous month
and first fortnight of current month.
5. Add Employees and Employers contribution of P.F. received during the month and
NCPF contribution of the Employees.
6. Less expenditure to be incurred during the month for various heads like P.F.Refund
to Retirees, P.F.Loans, NRPF advance, 90% P.F.Refund 1 year in advance as informed
by AOPF.
7. Finally, the investible fund is worked out and categorywise shortfall is taken into
account and quotes for required category are invited accordingly.
In the month of April every year, an estimate is prepared showing the normal
funds receivable during the year, interest receivable on all three categories and
maturities of the investible funds during the financial year. While doing so, normal
funds and maturities receivable are to be invested as per the pattern prescribed by
RPFC from time to time.