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| Date | 2024-11-02 |
|---|---|
| Type | Commercial Circular |
| Topic | general |
विषय : Clarification regarding timely payment of GPF final payment to the
WI. न. 3/7/2024-P&PW(F) (10139) भारत सरकार Government of India कार्मिक, लोक शिकायत और पेंशन मंत्रालय Ministry of Personnel, PG & Pensions पेंशन एवं पेंशनभोगी कल्याण विभाग Department of Pension & Pensioners’ Welfare RK लोक नायक भवन 3" Floor, Lok Nayak Bhawan खान मार्केट नई दिल्ली Khan Market, New Delhi-110 003 दिनांक Dated: 25.10.2024 OFFICE MEMORANDUM विषय : Clarification regarding timely payment of GPF final payment to the retiring Government servant - regarding Recently few references regarding interest on delayed payment of GPF to the retired Government have been received for clarification whether interest is payable on GPF after retirement. 2. In this connection, it may be stated that detailed clarifications regarding timely payment of GPF final payment to the retiring Government servant were furnished to all Ministries/Departments vide this Departments’ Office Memorandum No.3/3/2016-P&PW(F) dated 16" January, 2017 (copy enclosed). 3. The per Rule 34 of General Provident Fund (Central Service) Rules, 1960 clearly provides that when the amount standing at the credit of a subscriber in the Gencral Provident Fund becomes payable, it shall be the duty of the Accounts Officer to make payment. 4. It is also added the amount deposited in General Provident Fund Account is solely the asset of the individual Government servant. Any disciplinary case pending or penalty imposed against him does not have any impact on the disbursement of the GPF amount. As per Rule 11(4) of GPF Rules, in case the GPF balance is not paid on retirement, interest on the GPF balance is required to be paid for the period beyond the date of retirement also. 5. This issues with the approval of competent authority. Encl — As above. (दिलीप कुमार साहू) / (Dilip Kumar Shy = अवर सचिव, भारत सरकार / Under Secretary to the Govt. of India Tele. No. 011-24641627 To, All the Ministries / Departments / organisations (As per Standard List)
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