GPF Advance,Part final rules and forms Telangana

GPF Advance,Part final rules

GPF Advance,Part final rules  A.P General Provident  Fund Rules,1935           

             1)  The employees who wants to take advance or part final from their GPF account balance, they may submit form APTC form 40 to the concerned sub treasury office. 
         2) The employees who wants to take part final they should also attach Form 40-A to Form 40 and submit sto.
         3) Sanction order issued by the competent authority duly quoting the rule and purpose under which the temporary advance or part final with drawl sanctioned .
        4) Original latest GPF slip issued by the AG/DTO shall be enclosed to the bill .
        5) Calculation sheet for arriving the balance at the credit of the subscriber shall be enclosed to the bill.
        6)  Appendix -1 is required to be enclosed to the bill for drawl of temporary advance.
        7) Appendix -O is required to be enclosed to the bill for drawl of part final withdrawal.
        8) Final withdrawal authorization issued by the AG/DTO should be enclosed to the bill by the DDO in original and also not to accept the bill without original authorization from the AG/DTO as the case may be.
       9) The class IV GPF,CSS payment bills shall be retained at the Dist Treasury,after payment where as the regular GPF bills shall be sent to AG AP Hyderabad along with monthly account.
    10) The fact of withdrawal of G.P.F should be recorded on the backside of the original G.P.F.slip duly attested by the STO concerned.

GPF Advance,Part final rules Eligibility for GPF subscription:

    1) Compulsory to all Regular Government employees on completion of one year service.
    2)  Last Grade Servants who completed 5 years of service order whose date of retirement is at least         10 years a head.
    3) The recovery of subscription shall commence only after the account number is assigned.
    4)  If the subscription is recovered without allotment of GPF account number it will be credited to suspense amount and may lead to missing credits Rate of subscription and Interest
        1)  6% on basic pay to the regular employees if insured with APGLI/LIC/PLI. If not 12%on basic pay
        2)  4%on basic pay to the class – iv employees
        3)  Present rate of interest is 9%p.a w.e.f 1-4-2002 and onwards
        4)  The rate of interest is 8% p.a w.e.f 1-4-4-2004 onwards
         5)  Maximum amount subscribed to GPF shall not exceed one’s basic pay after allowing sufficient amount for subsistence.

GPF Advance,Part final rules Other Conditions

        1) The subscription may be enhanced twice and reduced once in a financial year.but enhancement should not be made during the last 4 months of the financial years to avoid income tax
        2)  Subscription should be made during all period of duty including  foreign service,leave salary,except suspension period and during last 4 months of his service.
       3) The subscriber may elect not subscribe during the leave which does not carry the leave salary.
NOTE:The DDO should invariably note the chargeable (service) Major Head of the respective department to avoid misclassification.

Sanction of Temporary Advance To Be Repaid 

            1) Temporary advance should not exceed 3 months pay or half of the balance at the credit of subscriber
            2)  Temporary advance shall not be granted in excess of 3 months payment or half of the balance except for special reasons to be recorded in writing.
           3) Temporary advance shall be sanctioned to meet for overseas passage for reasons of health or Education.
           4) Temporary advance shall be sanctioned to meet expenses in connection with prolonged illness.
           5) To meet cost of higher education beyond high school stage – outside India for Academic,
technical professional or vocational courses.
          6) To pay obligatory expenses in connection with marriage or other ceremonies.
         7) To meet the cost of legal proceedings instituted by the subscriber
         8) To meet the cost of defence where the subscriber is prosecuted by the Govt or subscriber engages a legal practitioner
          9) To meet the cost of building or acquiring a house including site,repairs and repaying of outstaying loan taken for this purpose.
       10) To meet the cost acquiring a farm land or business premises within 6 months of date of retirement.
      11) To meet the cost of purchasing a motor car.

GPF Advance,Part final rules Recovery of Advance

         1) Recovery shall be completed within 36 months from the date of sanction.
         2) Not to effect recovery during the period of drawl of subsistence grant drawn by the subscriber
on leave without leave salary or leave salary equal to or less than half pay at the request of the subscriber
       3) Recovery shall not be made during the last four months of service of subscriber

GPF Advance,Part final rules Other conditions 

                  1)  No advance should be sanctioned during the last four months of the service.
                  2) Normally no second temporary advance should be sanctioned until the repayment
of the last installment of any previous advance.
                 3)  But in exceptional circumstances to be recorded in writing ,2nd temporary advance
may sanction while previous advance is pending
                4) The validity of the sanction order for drawl of temporary advance is 3 months from the date of sanction.
               5) Temporary advance and part final withdrawal for the same purpose should not be sanctioned.

GPF Advance,Part final rules  Withdrawals

 

I)  Education purpose beyond high school education within India or outside the India
                      a)  The subscriber should complete 20 years of service or less than 10 years left
over service for retirement.
                      b)    3 months pay or half of balance whichever is less and relaxed upto 10 months pay.
                      c)    Not more than 2 withdrawals in a financial year with a gap of 6 months
between one and another.
                    d) Only one part final withdrawal for the same purpose.Different sons/daughters shall not be treated as the same purpose.

II) Betrothal /Marriage of subscriber or family members
         

                     a)  The subscriber should complete 20 years of service or less than 10 years left  over service for retirement.
                    b)  For daughters and female relations,6 months pay or half of the balance whichever is less and relaxed up to 10 months pay subject to half of the balance.
                   c) For dependent son,3 months pay or half of the balance whichever is less and relaxed up to 6 months pay of half of the balance whichever is less.

III)MEDICAL GROUNDS.

                      a) The subscriber should complete 20 years of service or less than 10 years left over service for retirement.
                     b) 6 months pay or half of the balence which ever less and relaxed up to 3/4 th of the
balance.
                     c) Only one part final withdrawals is allowed for the same purpose and illness of the different persons, occasions will not be treated as the same.

IV) HOUSE BUILDING PURPOSE

                    a) The subscriber should complete 15 years or service or less than10 years left over service for retirement.
                    b) 3/4th balance or actual cost or subject to limitation of H.B.A rules as per G.O.Ms No 264 F&P dated 17-6-1994

 

v) FOR PURCHASE OF HOUSE SITE OR REPAYING OF OUTSTANDING LOAN
 

             a) The subscriber should complete 15 years of service or less than 10 years left over
service or retirement.
            b) 1/4 th of the amount at credit or actual cost which ever is less.

 

CONVERSION OF TEMPORARY ADVANCE TO PART FINAL

                                 a temporary advance can be converted into part final withdrawal subject to the
fulfillment of conditions of the same purpose.

 

GPF Advance,Part final rules Sanctioning Authority
 

                                            In case of all N.G.O’s including LGS- Gazetted Drawing Officers is
empowered to sanction both temporary advance and part final withdrawal In case of Non Gazetted Officer, the next superior Gazetted Officer shall be authorized to all the employees including Non Gazetted Drawing Officer the Head of the Office in the same office including Drawing Officers,for sanction of both temporary advance and part final withdrawal.The GPF final withdrawal application may be forwarded to the AG,AP,Hyderabad by the GPF sanctioning authority.

 

GPF Advance,Part final rules, Final Withdrawals

 

                                 1) The amount at the credit of the subscriber shall become payable when he retires or quits the service or death.
                                 2) a) In case of dismissal,removal or compulsory retirement , the final withdrawl
shall not be rejected if an appeal is pending
                                      b) If the individual re- employed, the entire amount along with interest shall be paid in cash or security or recovered in instalments from the salary.
                               3) The validity of GPF final withdrawal authorization issued by the AG/DTO is valid for 3 months from the date of sanction.

 

BOOSTER SCHEME SOCIAL SECURITY CUM PROVIDENT FUND.

                         

                                If a subscriber died while in service, the nominee shall be paid Rs.20.000 thousand under Booster Scheme authorized by the AG/DTO as the case may be provided that the subscriber shall maintain the balances at his credit for last 36 months before his death.
                                 a)  Gazetted Rs. 8000
                                 b) NGO Rs.6000.
                                c) LGS Rs.2000.
The subscriber has put in least five years of service at the time of his death.

 

List of family members for nomination purpose.

                                       a) Wife or husband
                                       b) Parents
                                       c) Children
                                       d) Minor brothers

                                       e) Unmarried sisters
                                       f) Widow of decease son and his children
                                       g) Where no parents is alive a parental grand parent
                                       h) An adopted child.

5 comments

  1. Sir how many times gpf part final with draw available.Sir I have taken part final with drw on 2015 now iam again eligible to with draw

  2. very useful information on the GPF Sir. How many times a prat final withdrawal can be made during the entire service. I am due to be retired on 31.10.2020.

  3. for gpf temporary or part final advance which amount have been taken ie.account slip balance or as on the balance date of application.please rectify the problem and code the authority.

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