GPF - FAQ
Ø Even
though the orders specify that at least four months’ time gap is
required in between two advances and six months time gap for
withdrawals, the sanctioning authority may relax this rules. In many
circles, the officials are drawing GPF advance as second salary in every
month.
2. What
is the qualifying service required for an employee for apply withdrawal
from GPF? Is there any further relaxation available?
Ø As
per Rule 15(i) (A) of the GPF Rules, one should have completed 15 years
of service or be should have less than 10 years for his superannuation
for making withdrawal from the GPF.
However
as per Rules 15(i) (B), the condition need not be applied in case of
purchase of ready built house/flat, purchase of site, Construction of
house, repairs, reconstruction or repayment of loan taken for the said
purposes.
3. Whether the GPF advance already taken may be converted as part final withdrawal?
Ø Yes.
GPF advance already availed may be converted in to part final
withdrawal, subject to requisite conditions and approval of the
competent authority.
4. Whether the GPF accumulations may be brought under salary attachment?
Ø No. As per section 60(i) of CPC 1908, deposits made in GPF cannot be attached under a decree or order of a court of law.
5. Who
are the persons the employee may nominate for G.P.F payment in the
event of his death? Whether it is compulsory to nominate the spouse?
Ø When
the Government servant is having family, the nomination should be only
in favour of family members. According to GPF (CS) Rules, any member of
the family can be nominated. The subscriber is at liberty even to
exclude his wife in the nomination. Family includes spouse, parents,
children, minor brothers, unmarried sisters, deceased sons, widow, and
children etc. If nomination is made in favour of more than one person,
the proportionate share in which the amount will be payable should be
specified clearly in the relevant column. At any time, the nomination
may be cancelled by the Government servant. Similarly, the Government
servant can nominate any one for Group Insurance Scheme also.
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