Member provident fund accounts require separate crediting of employee contributions, employer contributions, and interest, with rupee rounding applied. A separate account is to be opened in the Fund for each member and credited with the member's contributions, the employer's contributions in respect of the member, and the specified interest. All account items are to be calculated to the nearest rupee, with fifty paise or more rounded up and fractions below fifty paise ignored.
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Provisions expressly mentioned in the judgment/order text.
Member provident fund accounts require separate crediting of employee contributions, employer contributions, and interest, with rupee rounding applied.
A separate account is to be opened in the Fund for each member and credited with the member's contributions, the employer's contributions in respect of the member, and the specified interest. All account items are to be calculated to the nearest rupee, with fifty paise or more rounded up and fractions below fifty paise ignored.
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