Para 6.5 — CAM
Original Rule Text
6.5 WITHDRAWAL FROM THE FUND [RULE 15 OF GPF(CS) RULES] & CORRESPONDING PROVISION IN CPF (INDIA) RULES
6.5.1 For withdrawal from the Fund for the purposes specified in Rule 15 of GPF Rules and corresponding provisions in the CPF Rules, the following checks shall be exercised by the PAO-
(i) Withdrawal has been sanctioned by the competent authority;
(ii) The amount is covered by the balance at the credit of the subscriber; and
(iii) The sanction is in conformity with the rules of the Fund.
6.5.2 After scrutiny of the sanction as above, necessary entry shall be made in the "Remarks" column of the ledger folio. Payments against all such sanctions will be made only after pre-check of the bill by the PAO.
6.5.3 Final withdrawal of the entire fund balance in the account shall also be authorized and paid only after pre- check by the PAO. This shall be done in accordance with the procedure laid down in G.I. M/Per. & Trg. O.M. No. 13(3)/84-Per dated 12.6.1985,
incorporated as G.I. Decision No. 2 below Rule 34 of G.P.F. (CS) Rules, 1960. The progress of settlement of final payment cases will be watched through a Register of Final Payment Cases in Form CAM-51 which is generated in the online system. PAOs shall take all due care to verify the fund balances before authorising final payment.
6.5.4 There may be cases where advances are sanctioned by the competent authority in terms of Rule 34(3) of the G.P.F. (CS) Rules, after forwarding of the application for final payment to the PAO. In all such cases, the payment shall be made only after pre-check of the bills by the PAO, and due adjustment of the advance amount from the final payment bill.
What This Means
This para covers withdrawals from GPF under Rule 15 of GPF (CS) Rules. Unlike advances (which are repaid), withdrawals are non-refundable amounts taken from the GPF balance for specified purposes. The PAO checks three things: (1) the withdrawal is sanctioned by competent authority, (2) the amount is covered by the subscriber's balance, and (3) the sanction conforms to the Fund rules. After verification, entries are made in the ledger folio's Remarks column. All GPF withdrawals, including final withdrawal of the entire balance, must be pre-checked by the PAO before payment. The progress of final payment cases is tracked through a Register of Final Payment Cases (Form CAM-51), generated in the online system.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1GPF withdrawals are non-refundable and allowed only for specified purposes under Rule 15
- 2PAO checks: competent authority sanction, balance coverage, and conformity with Fund rules
- 3All withdrawals, including final withdrawal of entire balance, require PAO pre-check
- 4Entries after scrutiny are made in the 'Remarks' column of the subscriber's ledger folio
- 5Final payment cases are tracked through Register of Final Payment Cases (Form CAM-51)
Practical Example
A government servant nearing retirement applies for a final withdrawal of his entire GPF balance of Rs 25 lakh. The PAO verifies: (1) the withdrawal sanction is issued by the competent authority as per the Government's 1985 order, (2) the balance of Rs 25 lakh is confirmed in the ledger, and (3) the sanction meets all Rule 15 requirements. The PAO notes the withdrawal in the Remarks column of the ledger folio, pre-checks the bill, and authorizes payment. The case is entered in the Register of Final Payment Cases (CAM-51) to track settlement progress and ensure the subscriber's account is properly closed.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
What is the difference between a GPF advance and a GPF withdrawal?▼
Must all GPF withdrawals be pre-checked by the PAO?▼
What is Form CAM-51?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.