Government has decided to make timely payment of accumulations under the Savings Fund of the Central Government Employee Group Insurance Scheme (CGEGIS).<br/><br/>Finance Ministry in a release said, in all cases where the service of the retiring employee has been verified, payment of the accumulation under the scheme will be made without awaiting confirmation of deduction of each monthly subscription. The Department of Expenditure had issued orders last week, in this regard. <br/><br/>AIR correspondent reports, under the CGEGIS, the accumulations under the component of Savings Fund together with interest thereon are payable to the employees on retirement or on cessation of employment with the Central Government or to their family on death while in service.
News On AIR | March 21, 2017 8:58 PM
Govt to make timely payment of accumulations under Savings Fund of CGEGIS