State Government Employees Group Insurance Scheme, 1987-Table of Benefits under Savings Fund for the year of cessation of Membership 2024-2025

The Government of West Bengal, Finance Department issued 133-F(J) dated 19/11/2024 for State Government Employees Group Insurance Scheme, 1987-Table of Benefits under Savings Fund for the year of cessation of Membership 2024-2025. This order comes under the Audit category and is published on the official Finance Department portal.

GOVERNMENT OF WEST BENGAL
FINANCE DEPARTMENT
CROUP-J

No.: 133-F(J) Dated 19/11/2024

MBMORANDUM

In continuation of this Department’s Memo No 100-F(J) dated 06.08.2024, the undersigned is directed to say that a new table of benefits showing accumulation of savings fund under the above mentioned scheme corresponding to a unit subscription of Rs. 10/- (Rupees Ten) only per month has been drawn up for the period from 01.11.2024 to 31.01.2025 in matching with the Central Government Employees Group Insurance Scheme, 1980 circulated under GOI’s OM No. 7(1)/EV/2023 dated 21st February, 2024.

  1. A copy of the said table is enclosed herewith as ready-reckoner. The figures have been worked out on the basis of the rate of interests as follows:-
FromToInterest p.a. (compounded quarterly)FromToInterest p.a. (compounded quarterly)
01.11.198731.10.200112%01.05.202131.07.20217.1%
01.11.200131.10.200211%01.08.202131.10.20217.1%
01.11.200231.10.20039.5%01.11.202131.01.20227.1%
01.11.200331.10.20049%01.02.202230.04.20227.1%
01.11.200431.10.20128.0%01.05.202231.07.20227.1%
01.11.201231.10.20138.6%01.08.202231.10.20227.1%
01.11.201331.10.20148.8%01.11.202231.01.20237.1%
01.11.201431.10.20178.7%01.02.202330.04.20237.1%
01.11.201731.01.20188.0%01.05.202331.07.20237.1%
01.02.201830.04.20187.9%01.08.202331.10.20237.1%
01.05.201831.10.20187.8%01.11.202331.01.20247.1%
01.11.201831.07.20197.6%01.02.202430.04.20247.1%
01.08.201930.04.20208%01.05.202431.07.20247.1%
01.05.202031.10.20207.9%01.08.202431.10.20247.1%
01.11.202031.01.20217.9%01.11.202431.01.20257.1%
01.02.202130.04.20217.1%

The mortality rate continues to remain unchanged.

  1. The amounts shown in the table are applicable (with the fractions) for one unit and to be rounded off after calculating the final amount payable.
  2. The amounts shown in the table are applicable to a member of Group-D category. Corresponding amounts for the member of higher groups may be calculated proportionately.
  3. It is assumed that subscriptions have fully been realized from salary up to the month in which a member ceases to be in service, failing the same shall be deducted with interest from his/her entitlement.

Deputy Sdcretary
to the Govt. of West Bengal

Vide Memo No.: 133-F(J) Dated 19/11/2024

TABLE OF BENEFITS SHOWING SAVINGS FUND ACCUMULATIONS UNDER THE GROUP INSURANCE SCHEME, 1987 FOR SUBSCRIPTION @ RS. 10/- PER MONTH,

YEAR OF CESSATION 2024-2025.

MONTH OF CESSATION FROM NOVEMBER, 2024 TO JANUARY, 2025.

YEAR OF ENTRYNovember, 2024 (In Rupees)December, 2024 (In Rupees)January, 2025 (In Rupees)
198725049.7725204.1125359.36
198822396.9522535.6922675.25
198919997.3020121.9220247.28
199017861.4917973.5618086.28
199115962.8116063.7016165.19
199214278.0514369.0414460.56
199312785.8412868.0512950.74
199411454.0911528.4611603.27
199510272.0910339.5110407.33
19969223.809285.059346.67
19978293.178348.958405.06
19987464.177515.077566.28
19996726.096772.656819.49
20006079.646122.406165.41
20015501.305540.665580.25
20024981.035017.335053.84
20034511.844545.384579.12
20044083.584114.604145.80
20053689.733718.433747.30
20063325.873352.443379.15
20072989.733014.313039.04
20082679.182701.942724.83
20092392.282413.352434.55
20102127.232146.742166.37
20111882.371900.441918.62
20121655.971672.711689.55
20131447.941463.461479.06
20141257.081271.471285.95
20151082.041095.401108.85
2016921.43933.85946.35
2017774.07785.63797.25
2018638.31649.06659.88
2019512.54522.56532.63
2020396.22405.55414.94
2021288.40297.10305.85
2022187.93196.03204.19
202394.28101.84109.44
20247.0014.0421.12

Additional Secretury
to the Government of West Bengal

Vide Memo No.: 133-F(J) Dated 19/11/2024

Copy forwarded for information to:

  1. The Principal Accountant General (A&E), W.B, Treasury Buildings, Kolkata-700001.
  2. The Commissioner (All).
  3. The Secretary (All Departments of the State Government).
  4. The Director (All Directorates of the State Government).
  5. The District Magistrate/Judges (All Districts of the State Government).
  6. The S.D.O (All Districts of the State Government). He is requested to circulate the Memo along with the enclosure to all offices under his jurisdiction.
  7. The Deputy Secretary, Finance Department, Accounts Branch, Nabanna, Howrah-711102.
  8. The Deputy Secretary, Finance Department, Group-H, Writers’ Buildings.
  9. All the Treasury Officers including the Pay and Accounts Officer, Kolkata Pay and Accounts Office-1, II & III.
  10. The Superintendent of Police (all district).
  11. The D.T.A, West Bengal, Mitra Building, Lyons Range, Kol-01.
  12. The Network Administrator, Finance Department, Nabanna, Howrah-711102. He is requested to upload this Memo in F.D’s Website.
  13. The Section Officer, Group-H, Finance Department, Govt. of West Bengal, Writers’ Buildings/Nabanna.
  14. Guard file.

Deputy Sdcretary
to the Govt. of West Bengal

Vide Memo No.: 133-F(J) Dated 19/11/2024

How to Access the Original Order:

The original PDF of Memo No. 133-F(J) is available on the West Bengal Finance Department’s official website. You can download it directly from the link below:

FAQs for 133-F(J):

Q: What is Memo No. 133-F(J)?

A: It is a Finance Department notification issued on 19/11/2024 related to the matter of  State Government Employees Group Insurance Scheme, 1987-Table of Benefits under Savings Fund for the year of cessation of Membership 2024-2025, Department of West Bengal.

Q: Which department issued this order?

A: The Finance Department, Government of West Bengal, under the Audit category.

Q: What is described on the order?

A: State Government Employees Group Insurance Scheme, 1987-Table of Benefits under Savings Fund for the year of cessation of Membership 2024-2025.

Q: Where can I find the original document?

A: The original PDF is available at the official Finance Department website: finance.wb.gov.in

 

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