• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Home
  • Allowances
  • Expected DA
  • CSD
  • DOPT
  • Pensioners Issues

CENTRAL GOVT EMPLOYEES NEWS

Quick updates for CG Staff and CG Pensioners

  • Holiday Homes
  • Holidays
  • Railway Board Orders
  • TA DA Rules

LATEST CENTRAL GOVERNMENT EMPLOYEES NEWS
Central Government Offices Holidays 2021
Freezing of Dearness Allowance and Dearness Relief – Finmin Orders 2020
DA Loss Calculation Table 2020

LATEST CENTRAL GOVERNMENT PENSIONERS NEWS
Annual Increment Due on 1st July to the Employees Retiring on 30th June
Notional Increment on the Day of Superannuation
FR 56(j) of CCS (Pension) Rules age of 50 years or on Completion of 30 years of Service
Coverage under CCS (Pension) Rules CG employees appointment before and after 01-01-2004

General Provident Fund (GPF) Withdrawals Rules – Orders Issued On 7.3.2017

March 8, 2017

General Provident Fund (GPF) Withdrawals Rules Orders Issued On 7.3.2017

Amendment to the provisions of General Provident Fund (Central Service )Rules 1960- liberalization of provisions for withdrawals from the Fund by the subscribers – regarding.

No.3/2/2017-P&PW(F)(ii)
Ministry of Personnel, PG & Pensions
Department of Pension & Pensioners’ Welfare
Desk-F

3rd Floor, Lok Nayak Bhavan,
Khan Market, New Delhi-11 0003

Dated the 7th March, 2017.

OFFICE MEMORANDUM

Subject: Amendment to the provisions of General Provident Fund (Central Service )Rules 1960- liberalization of provisions for withdrawals from the Fund by the subscribers – regarding.

The General Provident Fund (Central Service )Rules came into force in 1960 and Rule 15 of the said rules provide for withdrawals by the subscribers. Some amendments have been made from time to time to address the concerns raised by the subscribers. However, the provisions, largely remain restrictive. There is a felt need to liberalize provisions, raise limits and simplify the procedure.

2. The provisions in the rules have been reviewed and it has now been decided to permit withdrawals from the fund by the subscriber for the following purposes:
(i) Education – This will include primary, secondary and higher education, covering all streams and institutions,
(ii) Obligatory Expenses viz. betrothal, marriage, funerals, or other ceremonies of self or family members and dependants,
(iii) Illness of self, family members or dependants,
(iv) Purchase of consumer durables.

3. It has been decided to permit withdrawal of upto twelve months payor three-fourth of the amount standing at credit, whichever is less. For illness, the withdrawal may be allowed upto 90% of the amount standing at credit of the subscriber. A subscriber may seek withdrawal after completion of ten years of service.
(v) Housing including building or acquiring a suitable-house or a ready-built flat for his-residence,
(vi) Repayment of outstanding housing loan,
(vii) Purchase of house site for building a house,
(viii) Constructing a house on a site acquired,
(ix) Reconstructing or making additions on a house already acquired,
(x) Renovating, additions or alterations of ancestral house.

Central Government Offices Holidays 2021

4. A subscriber may be allowed to withdraw upto ninety percent of the amount standing at credit for the above purposes. It is also decided do away with the present instructions which lay down that subsequent to the sale of house for which GPF withdrawal has been availed, the amount. withdrawn has to be deposited back. GPF withdrawal for housing purpose will no longer be linked with the limits prescribed under HBA rules. A subscriber may be permitted to avail the facility at any time during his service.

(xi) Purchase of motor car/motor cycle/ scooter etc. or repayment of loan already taken for the purpose,
(xii) Extensive repairs /overhauling of motor car,
(xiii)Making deposit to book a motor car/motor cycle/scoter, moped etc.

5. A subscriber may be permitted to withdraw three- fourth of the amount standing at credit or cost of the vehicle, whichever is less for the above purposes. Withdrawal for the above purpose will be permitted after completion of 10 years of service.

6. Presently, withdrawal of upto 90% of balance without assigning reasons is allowed for Government servants who are due for retirement on superannuation within a year. It is proposed that this may be allowed for upto two years before superannuation.

7. In all cases of withdrawal from the fund by the subscriber, the declared Head of Department is competent to sanction withdrawal. No documentary proof will be required to be furnished by the subscriber. A simple declaration form by the subscriber explaining the reasons for withdrawal would be sufficient.

8. As per the GPF(CS) Rule 1960, no time limit has been prescribed for sanction and payment of withdrawal amount. Therefore, it has been decided to prescribe a maximum time limit of fifteen days for sanction and payment of withdrawal from the Fund. In case of emergencies like illness etc., the time limit maybe restricted to seven days.

9. Necessary amendment to the GPF(Central Service)Rules 1960, giving effect to the above provisions will be issued in due course.

10. In so far as persons serving in Indian Audit and Accounts Department are concerned, these orders issue in consultation with the Comptroller and Auditor General of India.

11. This issues with approval of Department of Expenditure, vide their ID No. 4(1 )/EV/2017 dated 28.02.2017.

12. Hindi version of this OM will follow

sd/-
(Sujasha Choudhu)
Director

Click to view the order

Authority: http://www.pensionersportal.gov.in/

Related News:

  1. Govt puts on hold new Provident Fund withdrawal norms till July 31
  2. DOPT Order – GPF & Pension Benefits to Casual Labour
  3. One time permission for change over from CPF to GPF Scheme for teaching and non-teaching staff of Kendirya Vidyalaya Sasngathan
  4. Casual Labourers with temporary status-clarification regarding contribution to GPF and Pension under the old pension scheme
  5. Deduction of Income Tax on withdrawal of P.F. (Provident Fund) 60%
  6. NFIR writes to PM to withdraw of Budget proposal to levy Income Tax on Provident Fund
  7. Tax on Provident Fund withdrawn
  8. Interest Rate for General Provident Fund – Finmin Orders
  9. Interest Rate of GPF w.e.f. 1.1.2017 – Finmin Orders
  10. Central Government employees should know these rules before PF withdrawal…

ALLOWANCE NEWS

Travelling Allowance – Reimbursement of Travelling Charges Admissible under Daily Allowance on tour

Transport Allowance for Central Govt Employees During Nation-wide Lockdown due to COVID-19 Pandemic

7th Pay Commission Risk Allowance to Central Govt Employees – Dopt Order

7th CPC Night Duty Allowance to Railway Employees w.e.f. 01-07-2017

Review of Cost of Over Time Allowance and Travelling Allowance to Railway Servants

GDS Latest News 2020

Compensation of Rs.10 lakhs to GDS to Cover Death Due to Covid-19

Counting of Service of GDS for Grant of Pension

Provision of Ten lakh to GDS and Postal Employees of Department of Posts due to COVID19 Death

Increase Awareness of Welfare Scheme for Department of Postal and GDS Employees

Revision in Rule 4 of Gramin Dak Sevaks (Conduct and Engagement) Rules, 2020

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar




7th CPC Pay Matrix Table for Central Government Employees
7th CPC Defence Pay Matrix Chart
7th Pay Commission Children Education Allowance
7th CPC House Rent Allowance
Central Government Holidays 2021 pdf
Central Government Employees Festival Advance
CGHS Hospital List 2020
DA Chart for CG Employees and Pensioners
DoPT Orders Circulars 2021
ECHS Empanelled Hospitals and Nursing Homes 2020
Freezing of Dearness Allowance and Dearness Relief
Holiday Homes List 2021
Indian Post Office Holiday List 2021
Indian Passport Office Holidays 2021
50 New Kendriya Vidyalaya in India
KVS Holiday Calendar 2020-21
Railway Board Orders 2021
Sainik School List in India 2021
UGC Academic Calendar 2020-21 pdf

DA NEWS 2020

Release of 3 Installments of DA to Central Govt Employees and Pensioners – NJCA

Freezing of DA to Central Govt Employees and Pensioners – NC JCM Meeting

3% DA Hike for West Bengal State Govt Employees w.e.f 01.01.2021

DA For Bank Employees from Nov 2020 to Jan 2021

Freezing of Dearness Allowance to Employees of CPSEs till 30 June 2021




Copyright © 2021 · Magazine Pro On Genesis Framework · WordPress · Log in