162-F(J): GISS 1987 Savings Fund Benefit Table for Nov 2026 to Jan 2027
Summary
The Finance Department has notified the table of benefits under the Savings Fund of the State Government Employees Group Insurance Scheme, 1987. Applicable to employees retiring or ceasing membership between 1 November 2026 and 31 January 2027, it details cumulative savings returns based on a 7.1% quarterly compounded interest rate.
Key Takeaways & Points
- The order notifies the Group Insurance Scheme, 1987 savings fund benefit table for membership cessations from 01.11.2026 to 31.01.2027.
- Accumulations are computed using an interest rate of 7.1% per annum compounded quarterly.
- The listed amounts correspond to a single subscription unit of Rs. 10 per month applicable to Group-D employees.
- Benefit amounts for higher employee groups are to be calculated proportionately based on their subscription units.
- Any unrecovered monthly subscriptions will be deducted with interest from the final entitlement.
GOVERNMENT ORDER
GOVERNMENT OF WEST BENGAL
FINANCE DEPARTMENT
GROUP-J
WRITERS' BUILDINGS, KOLKATA- 700 001
No. 162-F(J) Date: 04.11.2026
MEMORANDUM
SUBJECT: State Government Employees Group Insurance Scheme, 1987-Table of Benefits under Savings Fund for the year of cessation of Membership 2026-2027.
In continuation of this Department's Memo No 118-F(J) dated 10.08.2026, 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 01.11.2026 to 31.01.2027 in matching with the Central Government Employees Group Insurance Scheme, 1980 circulated under GOI's OM No. 7(1)/EV/2023 dated 07th April, 2026.
2. 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:-
| From | To | Interest p.a. (compounded quarterly) | From | To | Interest p.a. (compounded quarterly) |
|---|---|---|---|---|---|
| 01.11.1987 | 31.10.2001 | 12% | 01.05.2018 | 31.10.2018 | 7.8% |
| 01.11.2001 | 31.10.2002 | 11% | 01.11.2018 | 31.07.2019 | 7.6% |
| 01.11.2002 | 31.10.2003 | 9.5% | 01.08.2019 | 30.04.2020 | 8% |
| 01.11.2003 | 31.10.2004 | 9% | 01.05.2020 | 31.10.2020 | 7.9% |
| 01.11.2004 | 31.10.2012 | 8.0% | 01.11.2020 | 31.01.2021 | 7.9% |
| 01.11.2012 | 31.10.2013 | 8.6% | 01.02.2021 | 30.04.2026 | 7.1% |
| 01.11.2013 | 31.10.2014 | 8.8% | 01.05.2026 | 31.07.2026 | 7.1% |
| 01.11.2014 | 31.10.2017 | 8.7% | 01.08.2026 | 31.10.2026 | 7.1% |
| 01.11.2017 | 31.01.2018 | 8.0% | 01.11.2026 | 31.01.2027 | 7.1% |
| 01.02.2018 | 30.04.2018 | 7.9% |
The mortality rate continues to remain unchanged.
3. 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.
4. 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.
5. 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 which the same shall be deducted with interest from his/her entitlement.
(J.K. Halder, WBA & AS)
Deputy Secretary
to the Government of West Bengal
ENCLOSURE TO THE FINANCE DEPARTMENT MEMO NO: 162-F(J) DATED: 04.11.2026
TABLE OF BENEFITS SHOWING SAVINGS FUND ACCUMULATIONS UNDER THE GROUP INSURANCE SCHEME, 1987 FOR SUBSCRIPTION @ RS. 10/- PER MONTH,
YEAR OF CESSATION 2026-2027
MONTH OF CESSATION FROM NOVEMBER, 2026 TO JANUARY, 2027.
| YEAR OF ENTRY | November,2026 (In Rupees) | December,2026 (In Rupees) | January,2027 (In Rupees) |
|---|---|---|---|
| 1987 | 29015.71 | 29193.38 | 29372.10 |
| 1988 | 25961.94 | 26121.65 | 26282.30 |
| 1989 | 23199.60 | 23343.06 | 23487.36 |
| 1990 | 20740.99 | 20869.98 | 20999.74 |
| 1991 | 18555.33 | 18671.47 | 18788.29 |
| 1992 | 16615.94 | 16720.67 | 16826.02 |
| 1993 | 14898.19 | 14992.82 | 15088.01 |
| 1994 | 13365.15 | 13450.77 | 13536.88 |
| 1995 | 12004.50 | 12082.11 | 12160.18 |
| 1996 | 10797.77 | 10868.28 | 10939.21 |
| 1997 | 9726.49 | 9790.70 | 9855.29 |
| 1998 | 8772.19 | 8830.78 | 8889.73 |
| 1999 | 7922.55 | 7976.15 | 8030.07 |
| 2000 | 7178.40 | 7227.62 | 7277.14 |
| 2001 | 6512.64 | 6557.95 | 6603.53 |
| 2002 | 5913.75 | 5955.53 | 5997.56 |
| 2003 | 5373.64 | 5412.25 | 5451.08 |
| 2004 | 4880.65 | 4916.36 | 4952.27 |
| 2005 | 4427.27 | 4460.31 | 4493.55 |
| 2006 | 4008.42 | 4039.00 | 4069.76 |
| 2007 | 3621.47 | 3649.77 | 3678.24 |
| 2008 | 3263.98 | 3290.18 | 3316.54 |
| 2009 | 2933.72 | 2957.98 | 2982.38 |
| 2010 | 2628.61 | 2651.08 | 2673.67 |
| 2011 | 2346.74 | 2367.54 | 2388.47 |
| 2012 | 2086.12 | 2105.39 | 2124.78 |
| 2013 | 1846.65 | 1864.52 | 1882.48 |
| 2014 | 1626.95 | 1643.52 | 1660.18 |
| 2015 | 1425.45 | 1440.84 | 1456.31 |
| 2016 | 1240.57 | 1254.87 | 1269.25 |
| 2017 | 1070.94 | 1084.24 | 1097.62 |
| 2018 | 914.65 | 927.03 | 939.49 |
| 2019 | 769.88 | 781.41 | 793.00 |
| 2020 | 635.97 | 646.72 | 657.52 |
| 2021 | 511.86 | 521.87 | 531.94 |
| 2022 | 396.20 | 405.53 | 414.92 |
| 2023 | 288.40 | 297.10 | 305.85 |
| 2024 | 187.93 | 196.03 | 204.19 |
| 2025 | 94.28 | 101.84 | 109.44 |
| 2026 | 7.00 | 14.04 | 21.12 |
(J.K. Halder, WBA & AS)
Deputy Secretary
to the Government of West Bengal
Orders Referred to in This Order
- Memo No 118-F(J) Not published on this site
- OM No. 7(1)/EV/2023 Not published on this site 7 April 2026