Amendment to GPF Advance and Withdrawal Rules

GOVERNMENT OF INDIA

MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS

(DEPARTMENT OF PENSIONS AND PENSIONERS WELFARE

LOK SABHA

UNSTARRED QUESTION NO: 3979

ANSWERED ON: 17.07.2019

Amendment to GPF Advance/ Withdrawal Rules

SHRI RAJ KUMAR CHAHAR:

Will the Minister of PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS be pleased to state:-

(a) whether the Government has recognized the need of Central Government employees, who are subscribers of GPF, to own two houses, one in their home town and the other at their place of work;

(b) if so, the details thereof and the number of times GPF subscribers are entitled to withdraw money from his GPF on account of residential purposes;

(c) whether the Government plans to amend the GPF Advance/Withdrawal Rules applicable to the Central Government Employees allowing them upto two withdrawals from their GPF Accounts for residential purpose; and

(d) if so, the details thereof and if not, the reasons therefor?

ANSWER

MINISTER OF STATE IN THE MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS AND MINISTER OF STATE IN THE PRIME MINISTER’S OFFICE

(DR. JITENDRA SINGH)

(a) to (d): In accordance with General Provident Fund (Central Services) Rules 1960, withdrawal by a Government Employee up to 90% of the amount standing at credit in the General Provident Fund is permissible for building or acquiring a suitable house or a ready built flat for his/her residence.

As per the existing rules and instructions, if a Government servant has already availed withdrawal from GPF for building or acquiring a house or flat, GPF withdrawal for second house is not permissible.

There is, at present, no proposal to amend the GPF Rules to allow a second withdrawal for acquiring another house