Sachin N, president of the teachers' association said instead of giving them 13 per cent interest on their Provident Funds, Bakshi is giving them only 7.8 per cent.

He said the matter came up four months back when in a meeting with the staff, Bakshi announced the interest rates. The teachers the formed a committee to investigate the matter and found that the rate announced was five per cent less than what they deserved. Since then they have been demanding 11 per cent interest rates.

"Provident Fund is our cushion money for our future. The principal can't misuse it for his own benefits," said Sant Ram, a technical assistant working in the college for 30 years now. The staff members have been on a strike for the last nine days disrupting the classes of the students and paralysing the functioning of the college. But, the staff claimed that the strike was the last resort as all other methods had failed. "We know we are responsible for the students but the principal is the highest authority to guarantee that. If he was so concerned about the students, he should meet our demands," Sachin said.

In his defence, the principal said the Union Grants Commission set up the interest rates declared by him. "Since there is a problem regarding the rates, I have written a letter to the Registrar of the Delhi University asking him to give me the revised interest rates," he told Newsline.