AG GPF Non-Refundable Advance
Information of AG GPF Non-Refundable Advance / Part-Final Withdrawal (PFW)
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Non-Refundable Advance is to be applied in Prescribed Form.
Conditions for Sanction of Non-Refundable Advances
Part-Final Withdrawals may be sanctioned by an authority competent to dismiss the subscriber at any time after the completion of twenty years of service or within ten years before the date of his retirement on superannuation, whichever is earlier.
CONVERSION OF AN ADVANCE TO PART FINAL WITHDRAWAL
A subscriber may, at his discretion by written request, convert the balance outstanding under a temporary advance into a part-final withdrawal after satisfying conditions laid down in Rules 15-A to 15-I.
RULE |
REASONS | ELIGIBILITY | AMOUNT |
15-B | Expenditure towards higher education including traveling expenditure of self, child. Education includes outside India. | On completion of 20 years of service or 10 years service before retirement | 3 months pay or half of GPF balance whichever is less. In special cases upto 10 months of pay. |
15-C | Expenditure towards illness of self and family. | ---do--- | 6 months pay or half of balance whichever is less. In special cases 3/4th of balance |
15-D | Expenditure towards marriage and betrothal of self, son, daughter and female dependant. | ---do--- | 6 months pay or half of balance whichever is less. In special cases upto 10 months pay. |
15-E | Expenditure towards house building purpose. | After completion of 15 years service or within 10 years of retirement. | Upto 3/4ths of the balance or actual cost whichever is less |
15-F | Expenditure towards acquiring house site. | ----do---- | 1/4th of balance or actual cost of site whichever is less |
15-G | Expenditure towards construction of a house on a site purchased from the amount withdrawn under Rule 15-F | ---do---- | 1/3rd of balance or actual cost whichever is less |
15-H | Acquiring a farm land or business premises | 6 months before retirement | Upto half of balance or 6 months pay whichever is less. In special cases upto 3/4th of balance. |
15-I | Expenditure towards purchase of motor car | After 28 years of service or 3 years before retirement | Rs.12000/- or 1/4th of balance or actual price whichever is the least.
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DELEGATION OF FINANCIAL POWERS FOR SANCTIONING TA / PFW
Power to sanction GPF TA / PFW to Heads of Departments and their immediate Deputies will be with the Government in the Administrative Department concerned.
Sanctioning Authority should be two levels above the person to whom advances or part final withdrawals are sanctioned.
Final Withdrawal (Closure)
(i) Final withdrawal of accumulation in the Fund is permitted when subscriber quits the service (on retirement, dismissal, resignation, compulsory retirement, removal etc.).
(ii) In case of death while in service.
How to Apply for Closure?
(a) Application for closure has to be filed in Prescribed Format.
(b) The application duly filled in and signed by the subscriber/claimant(s) is to be given to the department for forwarding the same to the Prl. Accountant General along with requisite documents by the Head of Office.
Conditions for Closure
1. Subscription and refund to be discontinued during the last four months of service in case of superannuation. Arrears of Pay, DA, IR etc. should not be remitted during the above period.
2. No TA /PFW shall be sanctioned and paid to the subscriber. In exceptional circumstances, where PFWs have been sanctioned, the same is to be communicated invariably to Prl. Accountant General and acknowledgement obtained.
Manner of Payment
The Accounts Officer in PAG’s Office closes the account after verifying the ledger accounts and issues an authority for payment of the amount. Authorisations are forwarded to the Drawing and Disbursing Officers concerned. The Fund accumulation payable to the subscriber shall be paid to the person(s) on whom the right to receive the amount is conferred by means of a nomination as per rules, if the said subscriber dies while in service or before receiving the fund accumulation after retirement. If the subscriber dies while in service and where there is no nomination, the amount will be paid to the eligible family members in equal share on the basis of Legal Heir Certificate issued by Revenue Authorities.
GPF (AP) Rules do not permit payment of interest beyond the date of authorisation by the Principal Accountant General.
Interest is allowed up to the end of the month previous to the month in which authorisation for payment of PF balance is issued. As per G.O. No.3 of Finance and Pension II Department dated 8.1.07, interest is to be allowed up to a maximum of 6 months after the month in which such amount became payable.
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