(a) For Education,
Betrothal/ Marriage,
illness
Limitation:
20 years of service ( including broken period if any) or within 10 years before the date of superannuation whichever is earlier.
(b) For House building purposes. (for purchase of House Site, Construction of House/Ready Built House at whatever place he chooses.
Limitation:
15 years of Service or within 10 years before the date of Superannuation whichever is earlier.
PURPOSE CONDITIONS RULE 1. To meet the cost of higher education including where necessary travel expenses of the subscriber or any child of the subscriber beyond high school stage i) 3 months pay or ½ the balance whichever is less ii) Sanctioning authority may relax the limit upto 10 months pay in special cases 15-A(1)(a), 15-B Note: 1) 6 months gap between the 1 st and 2nd withdrawal and in any case not more than two withdrawals in any financial year 2)Utilisation certificate should be submitted within 6 months, Otherwise the entire amount will be recovered in one lumpsum 32
PURPOSE CONDITIONS RULE 2. Betrothal / Marriage of the subscriber or his sons or daughters and any female relation actually dependent on him. Daughters and any other female relation i) 6 months pay or ½ the balance whichever is less Relaxation upto 10 months in special cases subject to half of the balance 15-A(1)(b) & 15-D 15-D(i) Sons ii) 3 months pay or ½ the balance whichever is less Relaxation upto 6 months pay in special cases subject to half of the balance 15-D(ii) 33
PURPOSE CONDITIONS RULE 3)To meet expenses in connection with the illness including where necessary travel expenditure of the subscriber and members of his family or any other persons actually dependent on him. (i) 6 months pay or ½ the Balance whichever is less. (i) Relaxation is up to 3/4th of Balance (i) Only one part final withdrawal is allowed for the same purpose (i) Illness of different persons on different occasions will not be treated as the same purpose. 15-A(1)(c) & 15-C
34 PURPOSE CONDITIONS RULE 4. (i)To Build or Acquire a suitable house for his residence including the cost of site or (ii)repaying any outstanding amount of loan expressly taken for this purpose or (iii)reconstruction or (iv)making additions or (v)alterations to a house already owned or required by a subscriber 1) 3/4th Balance or Actual Cost/Loan to be repaid whichever is less. 2)In the case of husband & Wife who are both subscribers to GPF both of them may withdraw from the Fund for Building one House. 3. Part final withdrawal for Alterations or making additions shall not exceed half of the Max limit prescribed for the purpose under HBA rules. 15-A(2) & 15-E 35
PURPOSE CONDITIONS RULE 4. Withdrawal under this rule shall also be allowed where the house site or house is in the name of wife or husband provided she or he is the first nominee to receive P.F. money in the Nomination made by the subscriber. 5. The Construction should be commenced within 6 months from the date of withdrawal and should be completed within one year from the date of commencement of construction. 15-A(2) & 15-E 36
PURPOSE CONDITIONS RULE 5. For purchasing a house site or repaying any outstanding amount of loan expressly taken for this purpose 1. ¼ th of the credit or the actual cost whichever is less. 2) The house site shall be purchased within 1 month from the date of withdrawal. 15-A(2) (b), 15-F 6. To Construct a House on the site purchased utilising the amount withdrawn from GPF 1/3rd of the Balance Standing to the Credit or the actual cost whichever is less 15(A)(2) (c), 15-G 37
PURPOSE CONDITIONS RULE 7. To Acquire farm land or business premises within 6 months from the date of retirement. 6 months pay or ½ the balance whichever is less. Relaxation upto 3/4th the balance. 15-H 8. To purchase a motor car or repaying a Govt. Loan taken for the purpose. Rs. 12,000/- or 1/4th of the Balance or Actual price whichever is less. Only one withdrawal is allowed. One should have completed 28 years of service or 3 years left for retirement whichever is earlier
–SANCTIONING AUTHORITY:- –5 th schedule, G.O.Ms.No.42, Fin (Pen.II) Dept., Dt.29.01.03 –For N.G.O. s - the DDO concerned, if DDO is N.G.O. the next G.O. –For G.O. s - the next highest authority is competent. –For H.O.D’ s and their immediate deputies –Govt.( secretary ) –For Secretaries - the chief secretary is competent. –Sanction order is to be communicated to the A.G. and his acknowledgement should be obtained by the drawing officer.
Limitation:
20 years of service ( including broken period if any) or within 10 years before the date of superannuation whichever is earlier.
(b) For House building purposes. (for purchase of House Site, Construction of House/Ready Built House at whatever place he chooses.
Limitation:
15 years of Service or within 10 years before the date of Superannuation whichever is earlier.
PURPOSE CONDITIONS RULE 1. To meet the cost of higher education including where necessary travel expenses of the subscriber or any child of the subscriber beyond high school stage i) 3 months pay or ½ the balance whichever is less ii) Sanctioning authority may relax the limit upto 10 months pay in special cases 15-A(1)(a), 15-B Note: 1) 6 months gap between the 1 st and 2nd withdrawal and in any case not more than two withdrawals in any financial year 2)Utilisation certificate should be submitted within 6 months, Otherwise the entire amount will be recovered in one lumpsum 32
PURPOSE CONDITIONS RULE 2. Betrothal / Marriage of the subscriber or his sons or daughters and any female relation actually dependent on him. Daughters and any other female relation i) 6 months pay or ½ the balance whichever is less Relaxation upto 10 months in special cases subject to half of the balance 15-A(1)(b) & 15-D 15-D(i) Sons ii) 3 months pay or ½ the balance whichever is less Relaxation upto 6 months pay in special cases subject to half of the balance 15-D(ii) 33
PURPOSE CONDITIONS RULE 3)To meet expenses in connection with the illness including where necessary travel expenditure of the subscriber and members of his family or any other persons actually dependent on him. (i) 6 months pay or ½ the Balance whichever is less. (i) Relaxation is up to 3/4th of Balance (i) Only one part final withdrawal is allowed for the same purpose (i) Illness of different persons on different occasions will not be treated as the same purpose. 15-A(1)(c) & 15-C
34 PURPOSE CONDITIONS RULE 4. (i)To Build or Acquire a suitable house for his residence including the cost of site or (ii)repaying any outstanding amount of loan expressly taken for this purpose or (iii)reconstruction or (iv)making additions or (v)alterations to a house already owned or required by a subscriber 1) 3/4th Balance or Actual Cost/Loan to be repaid whichever is less. 2)In the case of husband & Wife who are both subscribers to GPF both of them may withdraw from the Fund for Building one House. 3. Part final withdrawal for Alterations or making additions shall not exceed half of the Max limit prescribed for the purpose under HBA rules. 15-A(2) & 15-E 35
PURPOSE CONDITIONS RULE 4. Withdrawal under this rule shall also be allowed where the house site or house is in the name of wife or husband provided she or he is the first nominee to receive P.F. money in the Nomination made by the subscriber. 5. The Construction should be commenced within 6 months from the date of withdrawal and should be completed within one year from the date of commencement of construction. 15-A(2) & 15-E 36
PURPOSE CONDITIONS RULE 5. For purchasing a house site or repaying any outstanding amount of loan expressly taken for this purpose 1. ¼ th of the credit or the actual cost whichever is less. 2) The house site shall be purchased within 1 month from the date of withdrawal. 15-A(2) (b), 15-F 6. To Construct a House on the site purchased utilising the amount withdrawn from GPF 1/3rd of the Balance Standing to the Credit or the actual cost whichever is less 15(A)(2) (c), 15-G 37
PURPOSE CONDITIONS RULE 7. To Acquire farm land or business premises within 6 months from the date of retirement. 6 months pay or ½ the balance whichever is less. Relaxation upto 3/4th the balance. 15-H 8. To purchase a motor car or repaying a Govt. Loan taken for the purpose. Rs. 12,000/- or 1/4th of the Balance or Actual price whichever is less. Only one withdrawal is allowed. One should have completed 28 years of service or 3 years left for retirement whichever is earlier
–SANCTIONING AUTHORITY:- –5 th schedule, G.O.Ms.No.42, Fin (Pen.II) Dept., Dt.29.01.03 –For N.G.O. s - the DDO concerned, if DDO is N.G.O. the next G.O. –For G.O. s - the next highest authority is competent. –For H.O.D’ s and their immediate deputies –Govt.( secretary ) –For Secretaries - the chief secretary is competent. –Sanction order is to be communicated to the A.G. and his acknowledgement should be obtained by the drawing officer.