8th Pay Commission Likely to Be Discussed in November, As per JCM #8th_Pay_commission
7th Pay DA : जाने कितना बढ़ा महंगाई भत्ता
Good News – Dearness Allowance (DA) Increased from 1 July 2024
8th Pay Commission Likely to Be Discussed in November, As per JCM #8th_Pay_commission
General Provident Fund (GPF), a type of provident fund account, is available only for government employees. Interest rates on GPF are revised as per the government’s notifications issued from time to time. At present GPF fetches an interest rate of 8 per cent. A subscriber is required to make monthly contributions towards GPF except during the period when he or she is under suspension. Subscriptions to the general provident fund are stopped three months prior to the date of superannuation, according to pensionersportal.gov.in.
Given below are key features of General Provident Fund (GPF):
1. A government employee becomes a member of GPF by contributing a certain percentage of his/her salary to the account, according to pensioners’ official portal -pensionersportal.gov.in.
ये भी पढ़े – इस वक्त पीएं हल्दी वाला दूध, होगा फायदा ही फायदा
2. A subscriber, at the time of joining the General Provident Fund (GPF) is required to make a nomination, conferring on one or more persons the right to receive the amount that may stand to his credit in the fund in the event of his death, before that amount has become payable or having become payable has not been paid, according to pensionersportal.gov.in.
3. For withdrawal from the fund, no documentary proof is required to be furnished by the subscriber.
4. On retirement of a subscriber, instructions are issued for immediate payment of the final balance on retirement. No application is required to be submitted by the subscriber for final payment from the fund.
5. On the death of a subscriber, the person entitled to receive the amount standing to the credit of the subscriber is paid an additional amount equal to the average balance in the account during the three years immediately preceding the death of the subscriber, subject to certain conditions provided in the relevant rule. The additional amount payable under that rule shall not exceed Rs. 60,000. However, to get this benefit, the subscriber should have put in at least 5 years of service at the time of his/her death, according to Provident Fund’s website.
Source – NDTV
Railway Employee
(App) |
(App) |
This entry was posted in Central Govt, Central Govt
|
Railway Employee
(App) |
(App) |
Anubhav Awards Scheme, 2024 For Central Government employees
Policy regarding construction of Sainik Rest Houses/Integrated Sainik Complexes.
Good News – Dearness Allowance (DA) Increased from 1 July 2024
Policy regarding construction of Sainik Rest Houses/Integrated Sainik Complexes.
CBI ARRESTS SR. MARKETING OFFICER OF DIRECTORATE OF MARKETING & INSPECTION
8th Pay Commission Likely to Be Discussed in November, As per JCM #8th_Pay_commission
Anubhav Awards Scheme, 2024 For Central Government employees
मेजर जनरल हर्ष छिब्बर ने कॉलेज ऑफ डिफेंस मैनेजमेंट, सिकंदराबाद के कमांडेंट का पदभार ग्रहण किया
KNOW ABOUT – RETIREMENT BENEFITS
जाने एन पी एस (NPS) अर्थात नेशनल पेंशन सिस्टम के सामान्य बातें
Postal Dept.Transfer Policy for Postal Civil Wing officers and officials — Issue of Guidelines.
मेजर जनरल हर्ष छिब्बर ने कॉलेज ऑफ डिफेंस मैनेजमेंट, सिकंदराबाद के कमांडेंट का पदभार ग्रहण किया
Railway EmployeeNPS – Permission for keeping of securities as margin with the CCIL for margin requirements-reg.
जाने एन पी एस (NPS) अर्थात नेशनल पेंशन सिस्टम के सामान्य बातें
Are you sure you want to delete this element?
Close
