Clarification on timely payment of GPF Final Payment to the retiring Government Servant

Timely Payment of GPF Final Payment to Retiring Government Servants clarification issued by the P&PW department is forwarded by the DOP vide in its letter No. 4-1(25)/2024 - Pension dated 13/11/2024. Gist of Letter No 3/3/2016-P&PW (F) dated 16/01/2017

• The Indian government's Department of Pension & Pensioners' Welfare issued an office memorandum clarifying the timely payment of General Provident Fund (GPF) final payments to retiring government servants, addressing concerns about interest on delayed payments.
• According to Rule 34 of the General Provident Fund (Central Service) Rules, 1960, the Accounts Officer is responsible for promptly disbursing the GPF amount upon a subscriber's retirement; the GPF amount is the sole asset of the individual, unaffected by any pending disciplinary actions.
• Rule 11(4) mandates the payment of interest on the GPF balance if not paid upon retirement; interest is payable for the period beyond the retirement date, with varying approval levels needed depending on the delay duration.
• A previous office memorandum (No. 3/3/2016-P&PW(F) dated 16th January 2017) detailed the procedures for timely GPF payment, emphasizing the need to avoid unnecessary financial burdens from interest payments due to delays.
• To ensure timely payments and accountability, any case requiring interest payment under Rule 11(4) must be reviewed by the Administrative Ministry/Department Secretary, who will determine responsibility for delays and take appropriate action against those at fault.

https://www.potoolsblog.in/2024/10/clarification-regarding-timely-payment.html

No. 4-1(25)/2024 - Pension 

Government of India 

Ministry of Communication 

Department of Posts (Pension Section)

Dak Bhawan, Sansad Marg

New Delhi - 110001

Dated: Nov, 2024

To

All Heads of Postal Circles

Chief General Manager, BD Directorate / Parcel Directorate / PLI Directorate

All Regional Postmasters General

Director, Rafi Ahmed Kidwai National Postal Academy, Ghaziabad

All Directors/Dy. Directors of Accounts (Postal)

Subject: Clarification regarding timely payment of GPF final payment to the retiring Government servant-reg.

Sir/Madam,

I am directed to forward herewith a copy of the O.M. No. 3/7/2024-P&PW(F) (10139) dated 25.10.2024 of Department of Pension and Pensioners' Welfare, Ministry of Personnel, Public Grievances and Pensions regarding the aforementioned subject for information and necessary compliance.

Yours faithfully,

Assistant Director General (Pension)

(Amit Ranjan)

13/11/ 1024.

Encls.: As above (3 pages)

Copy along with enclosures to:

1. PPS to Secretary (Posts)/DG(Posts)

2. PPS to Member (Banking & DBT) / Plg.& HRD/Tech./Pers./Ops./PLI/Addl. DG(Cord.) 3. AS & FA/ Sr. DDG(PAF)

4. Secretary (PSB)/All DDsG

5. All Regional Postmasters General/GM(G)/DA(P)/DDA(P)

6. All Postal Training Centres

7. Director, CEPT Mysore-for uploading on the official website of the Dept. of Posts 8. Guard File