Government
of India
Ministry
of Communication and IT
Department
of Telecommunications
O/o
the Controller of Communication Accounts
Chhattisgarh Circle Raipur
|
|
Government
of India Ministry
of Communication and IT Department
of Telecommunications
O/o
the Controller of Communication Accounts Chhattisgarh Circle Raipur |
|
Provident
Funds
[GPF
(CS) Rules & CPF (India) Rules]
Eligibility: - Temporary Government servant after continuous service of one year, re-employed Pensioners and permanent Government servants shall subscribe to GPF compulsorily. Temporary Government servant may subscribe to GPF even before completion of one year’s service. – Rule 4.
Amount of Subscription: -A sum (in whole rupees) as fixed by the subscriber, subject to a minimum of 6 percent of emoluments and not more than his total emoluments. – Rule 8(1).
“Emoluments” means pay, leave salary and any remuneration of the nature of pay received in foreign service. Does not include DA. – Rule 2 (1) (b).
Note:- Whole or part of the bonus amount (ad hoc or productivity linked) may be deposited in the Provident Fund. – Rule 7, GID (2).
Minimum Subscription: - Should be fixed with reference to the emoluments on the 31st March of the preceding year and in the case of new subscribers to emoluments on the date of joining the Fund. – Rule 8.
Enhancement/Reduction: - Subscription may be increased twice and/or reduced once at any time during the year. – Rule 8(4).
Suspension of Subscription: - Subscription to the fund shall be stopped during suspension, and at the option of the Government servant during leave on half pay, leave without pay and dies non. Proportionate subscription to be recovered for the period of duty and any leave other than HPL/EOL. – Rule 7(1), and Rule 8.
Recovery to be stopped 3 months before retirement on superannuation: - No subscription should be recovered during the last three months of his service. Rule 7, GID (1).
Interest for 2003-04:- 8%.
Nomination: - A subscriber can nominate one or more persons conferring the right to receive his GPF amount in the event of his death. If more than one pension is nominated, the amount or share payable to each should be indicated clearly. A subscriber may at any time cancel a nomination by due indicated clearly. A subscriber may at any time cancel a nomination by due notice and send a fresh nomination. A subscriber having no family can nominate only members of his family. Subscriber having no family can nominate only members of his family. Subscriber having no family can nominate any person/persons, including a Company/Association/Body of individuals a Charitable or other Trust or Fund Subject to its validity, a nomination/notice of cancellation takes effects from the date of its receipt by the Accounts Officer. – Rule 5.
Note: - A nomination submitted to the Head of Office is valid even if the subscriber dies before it reaches the Accounts Officer. - C&A.G’s Decision (2), Rule 5.