General - GPF Rules Overview
Original Rule Text
THE GENERAL PROVIDENT FUND (CENTRAL SERVICES) RULES, 1960 RULES CONTENTS PAGES 1 Short title and commencement 1 2 Definition 2-3 3 Constitution of the Fund 4 4 Conditions of eligibility 5 5 Nominations 6-7 6 Subscribers’ accounts 8 7 Conditions subscriptions 9 8 Rates of subscriptions 10-11 9 Transfer to foreign service or deputation out of India 12 10 Realization of subscription 13 11 Interest 14-16 12 Advances from the fund 17-18 13 Recovery of advances 19 14 Wrongful use of advance 20 15 Withdrawals from the fund 21-24 16 Conditions for withdrawal 25-27 16-A Conversion of an advance into a withdrawal 28 17 Payment towards insurance policies and family pension funds 29 18 Number of policies that can be financed from the fund 30 19 Payment of difference between substituted payments and minimum subscription 31 20 Reduction of subscription in certain cases 32 21 Government not to make payments to insurer on behalf of subscribers 33 22 Assignment of policies 34-35 23 Bonus of Policies 36 24 Re-assignment of policies 37-38 25 Procedure on maturity of policies 39 26 Procedure on cessation of interest of the subscriber in the Family Pension Fund 40 27 Lapse or wrongful assignment of policies 41 28 Duty of accounts officer when he receives notices of assignment, charge or encumbrance of policies 42 29 Wrongful use of money withheld or withdrawn 43 30 Restriction of the provisions relating to financing of policies to existing subscribers in respect of existing policies 44 31 Final withdrawal of accumulations in the fund 45-46 32 Retirement of subscriber 47
What This Means
This "General" section isn't a specific rule you need to follow directly, but rather the comprehensive roadmap or table of contents for the General Provident Fund (Central Services) Rules, 1960. It lays out the entire structure of the rules, listing all the different topics covered, from how the fund is set up and who can join, to how much you subscribe, how interest is calculated, and when you can take advances or make final withdrawals.
Essentially, it's your guide to finding specific information within the GPF rules. If you need to know about making a nomination, you'd look for "Nominations" (Rule 5). If you're retiring and want to withdraw your accumulated funds, you'd find "Final withdrawal of accumulations in the fund" (Rule 31). These rules apply to Central Government employees who are subscribers to the General Provident Fund.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1This section serves as the table of contents for the General Provident Fund (Central Services) Rules, 1960.
- 2It outlines the complete structure and scope of the GPF rules for Central Government employees.
- 3It covers all major aspects of the fund, including eligibility, subscriptions, interest, advances, and withdrawals.
- 4Subscribers can use this section to quickly locate specific rules related to their GPF accounts.
- 5It details procedures for managing subscriber accounts, financing insurance policies, and final fund withdrawals.
Practical Example
Ms. Priya Sharma, a newly appointed HR Officer at the Ministry of Finance, is tasked with explaining GPF rules to new recruits. She receives an inquiry from Mr. Rajesh Kumar, a new employee, about how to nominate a beneficiary for his GPF account. Instead of searching through the entire rulebook, Ms. Sharma first refers to the "General" section (the table of contents).
She quickly scans the list and finds "5 Nominations" on page 6-7. This allows her to direct Mr. Kumar to the precise rule that explains the nomination process, saving significant time and ensuring accurate information is provided regarding his GPF account.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Cross References
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.
Test Your Knowledge
Question 1 of 3
According to the General Provident Fund (Central Services) Rules, 1960, which of the following aspects is NOT explicitly covered?