Para 12.34 — MSO (A&E)
Original Rule Text
12.34 A record of the closed account should be maintained in a Register of Closed Accounts. Form 33.
# POSTING OF ACCOUNTS
What This Means
A Register of Closed Accounts must be maintained in Form 33 to keep a permanent record of all Provident Fund accounts that have been fully settled and closed. This register serves as a reference after the ledger cards of closed accounts are archived, ensuring that historical PF data remains traceable.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Register of Closed Accounts maintained in Form 33
- 2Records all PF accounts that have been fully settled and closed
- 3Provides traceability after ledger cards are archived
- 4Serves as a permanent reference for historical PF data
Practical Example
After a retired employee's GPF balance of Rs 22,00,000 is fully paid out and disbursement is confirmed, the Fund Section records the closure in the Register of Closed Accounts (Form 33) with the account number, subscriber name, date of closure, and final amount paid. The ledger card is separated and filed with closed accounts, but the register entry ensures the case can always be traced.
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 discontinued account and a closed account?▼
What form is used for the Register of Closed Accounts?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.