Para 6.6 — CAM

6.6 TRANSFER OF BALANCES FROM PF ACCOUNT

6.6.1 In respect of transfer of a subscriber from one PAO to another within same or to a different Ministry, the transfers done manually will be settled by issue of Category ‘C’ cheque "Government Account-Not payable in cash". The cheque will be drawn in favour of the Pay and Accounts Officer in whose payment control the Government servant has been transferred by (-) crediting major head "8009- State Provident Funds".

6.6.2 The transfer of PF balances of a subscriber’s account from one PAO to another due to transfer of the subscriber, would not be accompanied by the original ledger folio/ card maintained by the PAO. All the copies of ledger folios/cards shall be appended, duly attested by the Pay and Accounts Officer which will, inter alia, include following details-

(i) Closing balance as on 31st March of the preceding financial year including interest on that date and any other amounts creditable to PF but not payable in cash;

(ii) Month wise subscriptions and repayment of temporary advance etc. credited to the GPF/CPF account, during the relevant months of the current year;

(iii) Balance at the end of the relevant month, that should be equal to the cheque amount;

(iv) Details of temporary advance and withdrawals during the preceding years and the current year, or a certificate for 'nil' drawing, as the case may be; and

(v) Closing balance of the account as on 31st of March, in the preceding financial years.

6.6.3 Online GPF module: After introduction of on-line GPF module on PFMS transfer of GPF balances where both the PAOs are enrolled for working in GPF module will be transferred by System generated Transfer Entries instead of issue of cheque Intermediary Head 8797 – Exchange Account” will be used for this purpose. In such cases, system will propose two transfer entries in old PAO and new PAO as per following:

Old PAO 8009 - State Provident Funds (-) Credit 8797 - Exchange Account Credit New PAO 8797 - Exchange Account (-) Credit 8009 -State Provident Funds Credit

6.6.4 The process of transfer by old PAO will not be completed until accepted by the new PAO.

6.6.5 If there are any missing debits/credits, such details should also be furnished. The Pay and Accounts Officer transferring the balances will however be responsible for taking necessary action to trace out missing credits / debits, and to pass on the same to the new Pay and Accounts Officer.

What This Means

This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.

Key Points

• 1GPF balance transfers between PAOs use Category 'C' cheques (Government Account) for manual transfers
• 2The original ledger folio is not sent - only attested copies with specified details
• 3Transfer details include: March 31 closing balance with interest, monthly subscriptions, advance repayments, outstanding advances, and nomination details
• 4The minus credit goes to Major Head 8009 (State Provident Funds)
• 5The receiving PAO opens a new ledger folio with verified opening entries

Practical Example

This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.

Frequently Asked Questions

This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.