Government/ ZP Teachers Employees who have appointed under Old Pension Scheme hold ZP/Govt GPF accounts and save some amount from their Salary every month. As per their need, they can withdraw from GPF Account and it is need not to pay back. Generally GPF Part Final Withdraw allowed to the Employees and Teachers for the expenditure on Education, Medical expenses, Home Purchase, Commercial Land Purchase and Home construction. Here ZP GPF Account holders may Download their GPF Part Final Related GOs GO MS No 98 dated 19.06.1992, GO MS No 42
Part Final Withdrawals are all permanent, non-refundable advances from the amount stored in the General Provident Fund (GPF).
According to GPF Rule 15A (i) an employee who has completed 20 years of service or has 10 years of service remaining to retire is eligible to receive Part Final Draw from his GPF account.
In the case of household items the employee is eligible to receive the part final amount even after completing 15 years of service.
Rule 15 (A) (1) (C) also provides for partial finalization due to ill health.
No Part Final With Draw will be allowed during the last 4 months of service to obtain retirement. But may be allowed in certain special cases.
G.O.Ms.No.98 Date: 19.6.1992
Rule 15-B Note-1 not exceeding twice in a financial year and a period of six months between one advance and another advance
There will be no recovery for the part with the final draw.
The following Rules describe the amount of money that should be granted for Part Final with Drool in various cases.
The GPF Part Final With Draw application must be submitted with Annexure Form 40 (A) in Appendix-O.
In case of home related matters, two Rs 10 bond papers should be attached with the agreement and bank details.
Part of the final amount will be deposited in the personal bank account of the employee / teacher
Booster Scheme:
Rule 30 (A) provides an additional benefit in the event of sudden death of a GPF subscriber with a balance of Rs. 8,000 for Gazetted, Rs. 6,000 for Non-Gazetted and Rs. For such persons G.O.Ms.No.42
Granting authority:
All NGOs can be sanctioned by the Drawing Officer. However the drawing will be sanctioned by the Gazetted Officer who is not the Gazetted Officer. However, if there is more than one Gazetted Officer, the officer of that office will grant all the other Gazetted Officers.
For teachers: PGHMs for teachers working in government high schools, MEOs for teachers working in primary and secondary schools, District Education Officers sanction for G.O.Ms.No.447 Date: 28.11.2013 Chief Executive High
GPF Part Final Related Downloads
Download GPF Part Final Application Form
GO MS No 447 Dated 28.11.2013
GPF Fundamental Rules
Labels ~ ZP GPF Part Final withdraw Rules Conditions Application Form Download
Part Final Withdrawals are all permanent, non-refundable advances from the amount stored in the General Provident Fund (GPF).
According to GPF Rule 15A (i) an employee who has completed 20 years of service or has 10 years of service remaining to retire is eligible to receive Part Final Draw from his GPF account.
In the case of household items the employee is eligible to receive the part final amount even after completing 15 years of service.
Rule 15 (A) (1) (C) also provides for partial finalization due to ill health.
No Part Final With Draw will be allowed during the last 4 months of service to obtain retirement. But may be allowed in certain special cases.
G.O.Ms.No.98 Date: 19.6.1992
Rule 15-B Note-1 not exceeding twice in a financial year and a period of six months between one advance and another advance
There will be no recovery for the part with the final draw.
The following Rules describe the amount of money that should be granted for Part Final with Drool in various cases.
- Expenditure on education 15B
- Medical cost 15C
- Wedding Activities 15D
- Home Buying 15E
- Home Buying 15F
- Home Construction 15G
- Commercial, Lands 15H
- Buy a car 15I
Rules and Conditions for Sanctions of GPF Part Final ( Non Refundable Advance )
Rules
|
Purpose
|
Eligibility
|
Amount
|
15
- B
|
To meet the expenditures towards Higher Education o fself and
children including travelling expenses Education includes over seas
|
After completition of 20years of service or 10years before his/her
retirement
|
3 Months pay OR half of GPF Balance whichever I sless. In Special
cases upto 10Months of Pay
|
15
- C
|
To meet the expenditures towards illness of self and Family members
|
------do------
|
6 months Payor Half of Balance whichever is less. In Special cases
3/4th of the Balance
|
15
- D
|
To meet the expenditures towards marriage and betrothal of self, son,
daughter and female dependent
|
---------do-------
|
6 months Payor Half of Balance whichever is less. In Special cases
upto 10 months of pay
|
15
- E
|
To meet the Expenditures towards House construction
|
After the completition of 15 years service or witin 10 years of
service
|
Upto 3/4th of the Balance or Actual Cost whichever is less
|
15
- F
|
To meet the expenditures towards purchasing House site
|
---------do-------
|
1/4th of Balance or Actual Cost of sitewhichever is less
|
15
- G
|
T o meet the expenditures 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
|
To meet the expenditures towards purchase of land or bussiness
premises
|
6 Months before his/her retirement
|
Upto half of the balance or 6 months pay whichever is less. In
special cases upto 3/4th of the GPF Balance
|
15
- I
|
To meet the expenditures towards purchase of Motor Car
|
After 28 years of service or 3 years before retirement
|
Rs. 12000/ or 1/4th of Balance of Actual Cost whichever is
less
|
The GPF Part Final With Draw application must be submitted with Annexure Form 40 (A) in Appendix-O.
In case of home related matters, two Rs 10 bond papers should be attached with the agreement and bank details.
Part of the final amount will be deposited in the personal bank account of the employee / teacher
Booster Scheme:
Rule 30 (A) provides an additional benefit in the event of sudden death of a GPF subscriber with a balance of Rs. 8,000 for Gazetted, Rs. 6,000 for Non-Gazetted and Rs. For such persons G.O.Ms.No.42
Granting authority:
All NGOs can be sanctioned by the Drawing Officer. However the drawing will be sanctioned by the Gazetted Officer who is not the Gazetted Officer. However, if there is more than one Gazetted Officer, the officer of that office will grant all the other Gazetted Officers.
For teachers: PGHMs for teachers working in government high schools, MEOs for teachers working in primary and secondary schools, District Education Officers sanction for G.O.Ms.No.447 Date: 28.11.2013 Chief Executive High
GPF Part Final Related Downloads
Download GPF Part Final Application Form
GO MS No 447 Dated 28.11.2013
GPF Fundamental Rules
Labels ~ ZP GPF Part Final withdraw Rules Conditions Application Form Download
