Loksabha Q&A – Amendment to GPF Advance/ Withdrawal Rules
GOVERNMENT OF INDIA
MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS
MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS
LOK SABHA
UNSTARRED QUESTION NO: 3979
ANSWERED ON: 17.07.2019
UNSTARRED QUESTION NO: 3979
ANSWERED ON: 17.07.2019
Amendment to GPF Advance/ Withdrawal Rules
Rajkumar Chahar
Will the Minister of
Will the Minister of
PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS be pleased to state:-
(a) whether the Government has
recognized the need of Central Government employees, who are subscribers
of GPF, to own two houses, one in their home town and the other at
their place of work;
(b) if so, the details thereof and the number of times GPF subscribers are entitled to withdraw money from his GPF on account of residential purposes;
(c) whether the Government plans to amend the GPF Advance/Withdrawal Rules applicable to the Central Government Employees allowing them upto two withdrawals from their GPF Accounts for residential purpose; and
(d) if so, the details thereof and if not, the reasons therefor?
(b) if so, the details thereof and the number of times GPF subscribers are entitled to withdraw money from his GPF on account of residential purposes;
(c) whether the Government plans to amend the GPF Advance/Withdrawal Rules applicable to the Central Government Employees allowing them upto two withdrawals from their GPF Accounts for residential purpose; and
(d) if so, the details thereof and if not, the reasons therefor?
ANSWER
MINISTER OF STATE IN THE MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS AND MINISTER OF STATE IN THE PRIME MINISTER’S OFFICE
(DR. JITENDRA SINGH)
MINISTER OF STATE IN THE MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS AND MINISTER OF STATE IN THE PRIME MINISTER’S OFFICE
(DR. JITENDRA SINGH)
(a) to (d): In accordance with General Provident Fund (Central Services)
Rules 1960, withdrawal by a Government Employee up to 90% of the amount
standing at credit in the General Provident Fund is permissible for
building or acquiring a suitable house or a ready built flat for his/her
residence.
As per the existing rules and
instructions, if a Government servant has already availed withdrawal
from GPF for building or acquiring a house or flat, GPF withdrawal for
second house is not permissible.
There is, at present, no proposal to amend the GPF Rules to allow a second withdrawal for acquiring another house.
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