Rule 299 — GFR 2017
Original Rule Text
Rule 299
Currency of sanction of Provident
Fund advance/withdrawal. A sanction
to an advance or a non-refundable part
withdrawal from Provident Fund shall,
unless it is specifically renewed, lapse on
the expiry of a period of three month. This
will, however, not apply to withdrawals
effected in installments. In such cases the
sanction accorded for non-refundable
withdrawals from Provident Fund will
remain valid up to a particular date to be
specified by the sanctioning authority in
the sanction order itself.
II.
REFUND OF REVENUE
What This Means
This rule explains how long an approval (called a "sanction") to take money from your Provident Fund (PF) account remains valid. If you get approval for a one-time advance or a non-refundable withdrawal from your PF, that approval will automatically expire after three months if you haven't actually taken the money out. After three months, you would need to get a new approval or have the original one specifically renewed.
However, there's an important exception for withdrawals that are paid out in multiple parts, or "installments." If your approval is for an installment-based withdrawal, the three-month expiry period does not apply. Instead, the officer who approves your withdrawal will specify a particular date in the sanction order itself. Your approval will remain valid until that specified date, allowing you to receive all your installments as planned without needing a new approval for each part.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Approvals for one-time Provident Fund (PF) advances or non-refundable withdrawals typically expire after three months.
- 2If a sanction lapses, it must be specifically renewed or a new application must be made.
- 3The three-month expiry period does not apply to PF withdrawals that are paid out in installments.
- 4For installment withdrawals, the sanctioning authority must clearly state a specific validity end date in the approval order.
- 5This specified date ensures that all planned installments can be drawn without the need for repeated approvals.
Practical Example
Imagine Mr. Anil Kumar, a government officer, applies for a non-refundable PF withdrawal of Rs. 4,00,000 to cover his son's higher education fees. His sanction order is issued on February 10, 2024. According to Rule 299, this sanction will remain valid until May 10, 2024. If Mr. Kumar fails to process the withdrawal and receive the funds by this date, the sanction will automatically lapse, and he would need to apply for a renewal or a fresh sanction.
Now consider Ms. Deepa Sharma, another officer, who receives a sanction on March 15, 2024, for a PF withdrawal of Rs. 6,00,000 for house construction, to be disbursed in two installments. The sanction order explicitly states that the first installment of Rs. 3,00,000 can be drawn immediately, and the second installment of Rs. 3,00,000 can be drawn after six months, with the overall sanction valid until December 31, 2024. In Ms. Sharma's case, the 3-month rule does not apply, and she can draw both installments within the specified validity period without needing a renewal.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
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This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.