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Sunday, March 22, 2015

ZP PF and GPF Related Information

The GPF is constituted w.e.f 1st April 1935

>All Govt servants including those appointed on or bfr 31.8.2004 under rule 10(a)(i) of the State&Subordinate Service Rules r eligible.(G.O.Ms.No.326/21-12-1988)
>Not applicable to those appointed on or after 01.09.2004(G.O.Ms.No.653/22-9-2004)

RATE OF SUBSCRIPTION Under Rule 09

Class-IV Employees:
  • If insured with APGLI/LIC/PLI 4% of pay&not more than half of basic pay. 
  • If not insured 4% of pay& not more than half of basic pay.

Gazetted and NGO's:
  • If insured 6% of emoulments&not more than total emoulments.
  • If not insured 12% emouluments&not more than total emoluments.

OPTIONAL SUBSCRIBERS:
  • 6% of emoulments&not more than total emoulments.
  • Subscribers may enhance Twice or Reduce once with in a Financial year.(G.O.Ms.No.21/24-01-1981)
  • A subscriber shall not subscribe during last four months of his service (G.O.Ms.No.98/19.06.1992) 
Withdrawals two types:
  1. Temporary Advance
  2. PartFinal Withdrawal
1.Rule-15B:
  • Expenditure towards higher Edn including towards traveling expenditure or self child     Education includes outside India.
  • On completion of 20 yrs of service or 10 yrs service bfr retirement.
  • 3 months of BP of GPF balance whichever is less.In spl.cases upto 10 months of pay.
2.RULE 15C:
  • Expenditure towards illness of self&family.
  • 6 months of pay or half of balance whichever is less.In spl.cases 3/4th of balance. 

3.RULE 15D:
  • Expenditure towards marriage&betrothal of self,son,daughter&female dependent.
  • 6 months of pay or half of balance whichever is less.In spl.cases upto 10 months pay. 
4.RULE 15E:
  • Expenditure towards house building purpose.
  • After completion of 15 yrs service or within 10 yrs of retirement.
  • Upto 3/4ths of the balances or actual cost whichever is less. 
5.RULE 15F:
  • Expenditure towards acquiring house site.
  • 1/4th of balance or actual cost whichever is less. 
6.RULE 15G:
  • Expenditure towards construction of a house on a site. Purchased from the amount withdrawn under Rule 15F.
7.RULE 15H:
  • Acquiring a farm land or business premises.
  • 6 months bfr retirement
  • Upto half of balance or 6 months pay whichever is less.In spl.cases upto 3/4th of balance.
8.RULE 15I:
  • Expenditure towards purchase of motor car.
  • After 28 yrs of service or 3 yrs bfr retirement,
  • Rs.12,000 or 1/4th of balance or actual price whichever is the least.
DDOs are authentic to sanction GPF Loans&Partfinal withdrawals to Panchayat Raj Teachers.(G.O.Ms.No.447/28-11-2013)

Intrest Rates Year wise
  • 1988-89 to 1999-2000 12%
  • 2000-2001 - 11%
  • 2001-2002 - 9.5%
  • 2002-2003 - 9%
  • 2003-2004 to 2010-2011 - 8%
  • 2011-2012 - 8% upto 11/2011 - 8.6%
  • 12/2011 to 3/2012 - 8.6%
  • 2012-2013 - 8.8%
  • 2013-2014 - 8.7%

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