Table of Contents
How can I apply for GPF after retirement?
a) When the subscriber is due to retire on superannuation, discontinuation of the subscription during the last three months of service is compulsory and should be scrupulously followed. (i) Form A- In case application is forwarded before retirement. (ii) Form B- In case application is forwarded after retirement.
How much GPF will I get after retirement?
GPF vs PPF vs EPF
| Parameters | GPF |
|---|---|
| Deposit Limit | Minimum contribution up to 6\% of salaryThe maximum contribution is 100\% of employee’s salary |
| Maturity Period | Till retirement |
| Premature closure | On leaving or suspension from government service |
| Loan Facility | Loan can be availed anytime during the service of the government employee |
How many months before a government employee can submit application for retirement pension?
4 months before retirement:- Pension papers (Form 5, Form 7 and Form 8) to be forwarded by HOO to PAO indicating Government dues to be recovered from Gratuity.
How many times GPF withdrawal can be taken?
One can take GPF Advance any number of times in our career. However, At least 4 months time gap will between two advances and 6 months time gap for withdrawals have to be maintained. The sanctioning authority, may relax this rule in exceptional cases depending on the merits of the application.
What is GPF final payment?
Initially, a GPF Final Payment Case duly signed by the subscriber/claimant and forwarded by the respective Drawing and Disbursing Officer (DDO) is received in the Correspondence, Record & Typing (CRT) Branch and the case is diarised in ODMS and sent to the Fund Debit Section.
How can I withdraw my GPF before retirement?
Individuals may choose to withdraw 90\% of the balance amount in their GPF without providing any cause prior to 2 years from retirement. This privilege was earlier reserved at 1 year before retirement.
Can VRS be rejected?
Request made by the employee for curtailment of the period of notice of 3 months before voluntary retirement can only be rejected by the employer if the same causes administrative inconvenience.