Rule 34 - GPF Settlement | KartavyaDesk
Original Rule Text
2 [(i) Deleted] (ii) The Head of Office/Department shall forward the 3 [details of the subscriber retiring or quitting service to the Accounts Officer indicating the recoveries effected against the advances which are still current and the number of instalments yet to be recovered and also indicate the withdrawals, if any, taken by the subscriber after the period covered by the last statement of the subscriber's account sent by the Accounts Officer. (iii) The Accounts Officer shall, after verification with the ledger account, issue an authority for the amount 4 [payable to the subscriber] at least a month before the date of superannuation but payable on the date of superannuation. (iv) The authority mentioned in Clause (iii) will constitute the first instalment of payment. A second authority for payment will be issued as soon as possible after superannuation. This will relate to the contribution made by the subscriber subsequent to the amount mentioned in the 5 [details forwarded by the Head of Office/Department under Clause (ii)] plus the refund of instalments against advances which were current at the time of the 1 [submission of details by the Head of Office].
What This Means
GPF Rule 34 outlines the procedure for settling a government employee's General Provident Fund (GPF) account upon retirement or resignation. It ensures a smooth and timely disbursement of the accumulated funds. Essentially, it details the responsibilities of both the Head of Office/Department and the Accounts Officer in processing the GPF claim. This rule aims to prevent delays and ensure that retiring employees receive their due GPF amount promptly.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- •Head of Office must provide details of the retiring employee's GPF account to the Accounts Officer, including outstanding advances and recent withdrawals.
- •The Accounts Officer verifies the information and issues an authorization for the payable amount at least one month before retirement, but payable on the retirement date.
- •The authorization constitutes the first installment of payment.
- •A second authorization is issued after retirement, covering contributions made after the initial details were submitted and any refunded advance installments.
Practical Example
Mr. Sharma, a Section Officer, is retiring on December 31st. In November, his Head of Office sends details of his GPF account to the Accounts Officer. This includes information about a housing advance with 3 installments still pending and a withdrawal he made in October. The Accounts Officer verifies these details with the ledger and issues an authorization for Rs. 5,00,000 (first installment) payable on December 31st. After retirement, the Accounts Officer issues a second authorization for Rs. 50,000, which includes Mr. Sharma's contributions from November and December, plus the refunded installments of the housing advance.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
What happens if the Head of Office delays sending the details?▼
What does the 'first installment' cover?▼
What does the 'second installment' cover?▼
Is there a specific format for the details to be sent by the Head of Office?▼
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 GPF Rule 34, what information must the Head of Office/Department forward to the Accounts Officer regarding a retiring subscriber?
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