Withdrawals from the Fund
Withdrawals may be sanctioned by the authorities competent to sanction, at any
time after the completion of fifteen years of service (including broken periods
of Services, if any) of the subscribers.
Conditions for withdrawal :
The withdrawal will not be permissible more than once in every six months, i.e.
twice in any financial year.
Only one withdrawal is allowed for the same purpose.
The amount of
withdrawal will be limited to that prescribed in Rule 15 and 16 GPF (CS) Rules
1960.
In one financial year, a subscriber can draw either the temporary advance or the
part final withdrawal after a gap of 6 months of drawal of any one, so that
there would be only two withdrawals in a year.
Final withdrawals from the Fund
Final withdrawal of accumulation in the Fund shall become payable to the
government official;
when a subscriber quits the service
when a subscriber retires on superannuation.
in case of death while in service
Submission of application for final withdrawal :
The application duly signed by the subscriber / claimant for the final
withdrawal of the balance at credit in the account should be given to the
department one year before the date of retirement and it is to be forwarded to
Accountant General's office along with requisite documents by the authority, who
is competent to sanction temporary advance / part final withdrawal to the
subscriber.
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