Enhanced Provisions for GPF Withdrawals -Dopt Order 2023

Content Summary:

The memorandum issued by the Department of Pension & Pensioners Welfare outlines significant enhancements in the provisions for withdrawing and advancing funds from the General Provident Fund (GPF) for government employees. The key highlights include:

Expanded GPF Withdrawal Purposes:

  • Education expenses, including primary, secondary, and higher education.
  • Obligatory expenses like betrothal, marriage, funerals, and ceremonies.
  • Illness of the subscriber, family members, or dependents.
  • Purchase of consumer durables.
  • Housing-related purposes, including acquisition, construction, or renovation.
  • Purchase of motor vehicles and repayment of vehicle loans.

Increased GPF Withdrawal Limits:

  • Withdrawal of up to twelve months’ pay or three-fourths of the GPF amount, whichever is less.
  • For illness, withdrawal of up to 90% of the GPF amount.
  • Housing-related withdrawals of up to ninety percent of the GPF amount.

Simplified Procedures:

  • No documentary proof required for withdrawals; a simple declaration suffices.
  • The declared Head of Department can sanction withdrawals.
  • A prescribed maximum time limit of fifteen days for withdrawal sanction and payment.

GPF Advance Options:

  • Advances permitted for various purposes, including illness, education, obligatory expenses, legal proceedings, defense costs, consumer durables, and pilgrimage.
  • Advance limits increased to twelve months of pay or three-fourths of the GPF amount.
  • Maximum time limit of fifteen days for advance sanction and payment.

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Enhanced Provisions for GPF Withdrawals
Enhanced Provisions for GPF Withdrawals

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