What Is GPF (General Provident Fund) ?
GPF (General Provident Fund) is like a PPF account but it is for all government employees in India. GPF allows all government employees to contribute a certain percentage of their salary to the General Provident Fund. Any government employee invests in this fund during his job and can withdraw this money at the time of retirement.
There are three types of provident funds. General Provident Fund (GPF), Public Provident Fund (PPF) and Employee Provident Fund (EPF). However, there are differences in the contribution of the three, the rules and its benefits.
Who is eligible for General Provident Fund?
According to GPF (Central Services) Rules 1960, all temporary government employees, after one year of continuous service, all redeployed pensioners (other than eligible for admission to Provident Fund) and all permanent government employees are eligible for membership of this fund.
What is the interest rate on GPF?
All the government employees who subscribe to GPF will get 7.1 percent of the interest rate in the financial year 2020-21 (April-March). In GPF, the interest rate is revised according to government regulations. The General Provident Fund is for all government employees and comes under the Department of Pension and Pensioners Welfare.
GPF membership validity
Any government employee can take a monthly subscription to this fund, except for the period when he is under suspension.
When does GPF membership expire
Membership of the Provident Fund is canceled three months before the date of retirement. Membership rates shall not be less than 6 percent of the salary of the customer nor will it exceed his total income.
Download GPF New Account Form PDF In Gujarati : Click Here
Download GPF withdrawal Form : Click Here
Download Nomination Form : Click Here
(Gujarati Form) GPF Withdrawal Form Download PDF : In this article we will make available to you a PDF of GPF’s new account and withdrawal form which you can download. Thank you