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| Date | 2024-10-25 |
|---|---|
| Type | Commercial Circular |
| Topic | general |
Clarification regarding timely payment of GPF final payment to the retiring Government servant — regarding payment of GPF final payment to the retiring Government servant were
WT. 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 RARE 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 Ministrics/Departments vide this Departments’ Office Memorandum No.3/3/2016-P&PW(I) 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 General 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. (facia SAR Ug) / (Dilip Kumar Sal 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) No 3/3/2016-P&PW (F) Ministry of Personnel, PG & Pensions Department of Pension & Pensioners’ Welfare Desk-F 3° Floor, Lok Nayak Bhavan, Khan Market, New Dethi-110003 Dated 16" January 2017. OFFICE MEMORANDUM Subject: Clarification regarding timely payment of GPF final payment to the retiring Government servant — regarding During review meetings held to evaluate the status of implementation of Bhavishya with Ministries/Departments, it was observed that GPF final payment in many cases is not being paid to the retiring Government servants immediately on retirement from service leading to payment of interest for the delayed period. 2. Rule 34 of General Provident Fund (Central Service) Rules clearly provides that when the amount standing at the credit of a subscriber in the General Provident Fund becomes payable, it shall be the duty of the Accounts Officer to make payment. The authority for the amount payabie is to be issued at least a month before the date of superannuation, but payable on the date of superannuation. It may be noted that the requirement of submitting a written application by the retiring Govt. servant for GPF final payment has been dispensed with vide this Department's Notification No. 20(12)/94-P&PW (E) dated 15.11.1996 and notified under S.O No.3228 dated 23.11.1996. 3. 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. While interest for the first six months beyond retirement can be allowed by the PAO in the normal course, approval of Head of the accounts office is required for payment of interest beyond six months and that of Controller of Account/Financial Adviser beyond a period of one year 4, To ensure timewy final payment of GPF, and to avoid unnecessary financial burden on account of interest beyond retirement, it has now been decided that every case, in which payment of interest on General Provident Fund becomes necessary in terms of Rules 11(4) of GPF Rules, 1960, s
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