How many times GPF subscription can be increased decreased in a year?

The subscriber can be allowed to increase twice and decrease once, the rate of GPF subscription during a financial year. 11.

Is GPF subscription mandatory?

Also, government employees must contribute a certain portion of their salary to subscribe to GPF. After the continuous service of one year, all the temporary government employees, all the permanent government employees, and all the re-employed pensioners are required to subscribe to the fund.

What is the minimum rate of subscription for GPF?

The amount for GPF subscription is fixed by the subscriber only. However, the contribution rate should not be less than 6% of the total salary of the employee.

What is GPF subscription?

GPF or General Provident Fund is a type of PPF account that is available only for all the government. Basically, it allows all the government employees to contribute a certain percentage of their salary to the General Provident Fund.

Can GPF be continued after retirement?

Yes. The certificate should be obtained from the retiree once during the year as in the case of Pension.

How do I change my GPF subscription?

How can a subscriber change the GPF subscription? Subscriber can apply for the same through his/her EIS Employee login or he/she can contact the DDO for the same.

What is Rule 15 of GPF withdrawal?

(1) Any sum withdrawn by a subscriber at any one time for one or more of the purposes specified in Rule 15 from the amount standing to his credit in the Fund shall not ordinarily exceed one-half of such amount or six months’ pay, whichever is less.

What happens to GPF after retirement?

2. In this regard, it has been observed that GPF final payment is not being paid in time to the Government servants immediately on retirement/dismissal/death in some offices of I.T Deptt. leading to litigation and payment of interest for the delayed period.

What is GPF withdrawal rules?

A subscriber can withdraw an amount equal to 75% of the outstanding balance in such PF or his/her 12 months’ emoluments, whichever is lower. It is available for purposes of funding education or any ceremony, such as the marriage of self or a dependant family member.

What is GPF in West Bengal?

Employees. After completion of 1 year continuous service by an employee, joining in GPF Scheme is compulsory. Also nomination is mandatory.

How can I open GPF account in West Bengal?

employee has to subscribe to the GPF compulsorily after completion of one year of service. For opening of GPF A/c. each Government employee has to apply in prescribed form. In case of Group-D employees the account is opened by head of Office immediately after completion of one year service of such employees.

How many times GPF can be withdrawn?

One can take GPF Advance any number of times in our career. However, At least 4 months time gap will between two advances and 6 months time gap for withdrawals have to be maintained. The sanctioning authority, may relax this rule in exceptional cases depending on the merits of the application.

How to get a GPF account number in West Bengal?

For obtaining GPF Account number application for the purpose in prescribed format should be sent to the office of the Account General (A&E), West Bengal a few weeks before the completion of one year service. After obtaining the Account number subscription to the provident fund should be deducted from the pay bill. Minimum subscription is 6% of pay.

When can I Stop my G PF subscription in West Bengal?

In terms of finance Department, Government of West Bengal Memo No. 1991-F dated- 01.3.1999, subscription towards G.P.F. shall be stopped compulsorily three months before the date of retirement.

What is the minimum subscription amount in GPF scheme?

Minimum subscription is 6%, maximum is upto full pay. After completion of 1 year continuous service by an employee, joining in GPF Scheme is compulsory. Also nomination is mandatory.

Is it compulsory to have a GPF number for Group D employees?

After completion of one year continuous service by an employee joining in this scheme is compulsory. In case of Group D employees head of office allots General Provident Fund (GPF) Account number. But this rule has been changed vide No. 734-F (J)W.B. dated 28.02.2018.