GPF Account information available on line soon

It was informed vide Controller General of Accounts, Dept of Expenditure under Ministry of Finance  office Memorandum No. ITD-CGA/07-11/GPF-MIDS/Pt. file III/ dated 14.09.2012 that  online facility for all Central Government Employees having General Provident Fund (GPF) Account to get the information regarding their GPF Accounts directly from Internet is being provided shortly. The subscribers will be able to view the current status of their request for GPF Withdrawal, Advances, Final Payment, Deposit Linked Insurance Scheme (DLIS), and Transfer Out and balances, etc.  Presently this system available to GPF Account holders coming under four PAOs of CISF, Ministry of Home Affairs and PAO (NIC).

As a step towards implementation this online GPF account information facility to all GPF Account holders, CGA has instructed all PAOs to capture the PAN Number details of all the GPF Accounts opened in their COMPACT database and also update their Date of Birth, Date of Joining Govt. Service and Date of Superannuation so that the multiple account numbers of a subscriber could be mapped and unique Id could be allotted.

The text of Office Memorandum dated 14.09.2012 issued in this regard is reproduced below.

Frequently Asked Questions about General Provident Fund …

General Provident Fund
Q. What is the procedure to increase or decrease General Public Fund (GPF) Subscription?
Ans. GPF subscription can be increased or decreased by submitting request for the same.

Q. Can I get Temporary advance from G.P.Fund for children"s higher education?
Ans. Yes Temporary advance and Final Withdrawal both can be availed for Children"s higher education on production of necessary documents.

Q. Who will make payment on account of final withdrawal from GPF during the last two years
of service prior to retirement?
Ans: Only Fund Cell of PCDA(R&D) will make payment in such cases.

Q. When the employee can withdraw money from GPF without assigning any reason and the percentage permissible?
Ans: An employee can withdraw final withdrawal from GPF up to 90% of credit balance within
six months prior to his retirement.

Q. What is the maximum number of installments in which temporary advance out of GPF can be recovered?
Ans: GPF advance can be recovered in not more than 36 installments.

Q. If it is noticed that amount drawn by an employee out of GPF was not debited in the same financial year. How it will be adjusted?
Ans: The amount withdrawn will be debited in the CCO-9 and up to date interest will also be debited.

Q. What is the minimum & maximum rate of subscription?
Ans: A Government employee can subscribe minimum 6 percent of total emoluments and not more than his total emoluments in his/her GPF.

Q. What is DLIS and what are the conditions for the same to be paid?
Ans.DLIS stands for Deposit Linked Insurance Scheme. DLIS is given to family of the GP fund subscriber on his demise. Maximum limit of DLIS is Rs.60,000.

Q. How the discrepancies in the GP Fund statement will be settled/rectified?
Ans.The cases of discrepancies in the GP Fund statements should be taken up with the concerned pay audit section under PCDA(R&D) (DRDO Cell/Sub-office of PCDA(R&D). The section after verifying the same forwards it to the Fund cell under PCDA(R&D) for rectification.

Interest rate for GPF, CPF and other provident funds hiked to 8.6%

In the resolution F.No: 5(1)-B(PD)/2011 dated 19.03.2012, the Ministry of Finance has announced that the following Provident funds in which Central Government Employees subscribe for their retirement benefit will carry interest at the rate of 8.6% with effect from 01.12.2011.  However, the these provident funds will remain to fetch interest at the rate of 8% from 01.04.2011 to 30.11.2011.

1. The General Provident Fund (Central Services).
2. The Contributory Provident Fund (India).
3. The All India Services Provident Fund.
4. The State Railway Provident Fund.
5. The General Provident Fund (Defence Services).
6. The Indian Ordnance Department Provident Fund.
7. The Indian Ordnance Factories Workmen’s Provident Fund.
8. The Indian Naval Dockyard Workmen’s Provident Fund.
9. The Defence Services Officers Provident Fund.
10. The Armed Forces Personnel Provident Fund.