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

F. NON-CONTRIBUTORY PROVIDENT FUND :
A member may contribute at his option, giving in writing (Specimen
Performa No.1) at the rate of 4 paise, 8 paise, 10 paise or 12 paise (in
addition to the P.F. subscription under Rule 8 above) per Rupee of his basic
salary plus Dearness Allowance including cash value of food concession.
i) The rate of subscription once fixed shall remain unchanged throughout
the financial year.
ii) A member may alter or discontinue his membership on giving one
month's notice in writing of his intention to do so. Such notice shall take
effect from the commencement of the ensuing financial year. The notice
shall be given in the manner specified from time to time.
iii) On discontinuation of membership, amount standing to the credit will be
refunded only at the time of separation of the employee's service with the
Undertaking because of termination of service, discharge, resignation,
dismissal etc.
iv) The nomination made under the E.P.F. Act will hold good for non-
contributory Provident Fund.
G. CREDITING OF INTEREST ON PROVIDENT FUND ACCOUNTS:-
After 31st day of March in each year the rate of interest declared by the
notification by Central Board of Trustees Employees Provident Fund in
respect of unexempted establishment shall be adopted immediately at the
beginning of financial year and be credited to the Member's account in
respect of Employees' subscription and Committee's Contribution.
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