General Provident Fund Rule 1960

General Provident Fund Rule 1960

A scheme for the employees of the central government of India, who can save a part of their salary every month and earn interest on it. The scheme is governed by the General Provident Fund Rules 1960, which specify the eligibility, subscription, nomination, withdrawal, and other aspects of the fund. The main benefits of the scheme are that it provides a lump sum amount at the time of retirement or death of the subscriber, and also allows for advances and withdrawals for specific purposes such as education, medical treatment, house construction, etc.

Following Topic’s  are  covered in General Provident Fund Rule 1960 notes.

Definitions
Conditions of eligibility
Nominations
Subscriber’s Account
Condition of Subscriptions
Rate of subscriptions
Advance from the Fund
Withdrawals from the fund
Conditions of withdrawal
Conversion of an advance into a withdrawal
Final withdrawal of accumulations in the fund
Retirement of subscriber
Procedure on death of a subscriber
Manner of payment of amount in the Fund
Annual statement of accounts to be supplied to subscriber.

Download sample Notes.

GPF NOTES SAMPLE