AP, Telangana Employees All Types of Provident Fund ( PF)

All Types of Provident Fund ( PF ) of Employees

1. A.P.G.P.F.for State Govt. Employees. 
2. E.P.F. central Govt. Undertaking Employees. 
3. Contributory pension scheme:- Employees appointed on or after dt:01-09-2004. (Go Ms No;653 Fin (pen-1)Dept,dt;22-092004) Go MsNo.654, Fin (pen-1) Dept,dt;22-09-2004:- No GPF. Go Ms No.655 Fin (pen-1)Dept,dt;22-09-2004 :- Employee share 10% of pay+ DA & Govt. share A “regulatory authority” to be appointed to maintain. 
4. As per Circular Memo No.30857/422/A1/Pension-1/2010 Dt;8-3-2010, pension benefits were extended to employees who died on or after 1-9-2004.

GPF ADVANCE PROCEDURE FOR ..

1) Temporary Advance (Rule-14)
i) Sanction for self/family members.
ii) 3 months pay or half of the balance at credit whichever is less. R.(14)(i)
iii) As a special case – up to ¾ balance available. R. 14(i)(a)

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Reasons to be considered

• i) To meet the Prolonged illness on Medical Grounds.
• ii) To pay for overseas passages for reasons of Health or Education.
• (iii) To meet the obligatory expenses of the family birth day/marriage day etc.,
• iv) To meet cost of higher education beyond high school .
• v) Outside INDIA- For Academic, Technical, Professional or Vocational Courses. For NGO’s- For All Academic, Medical, Engineering or other or Scientific Courses.
• vi) Meet the cost of constructing a house on a site purchased.
• vii) Utilizing the sum to repay the loan under clause (vi)
• ix) For acquiring a farm house / a Business premises within 6 months of the date of subscriber’s retirement.
• x) To meet the cost of purchasing a Motor Car .
• xi) To pay the LIC premium or loan amount(14(i)(a) (xi).

Missing credits not eligible. Gap of 6 months from one drawl to another. Recovery of Advance:-

i) Ordinary circumstances:- Min.12- Max. 24 EMIs.
ii) In special cases:- Min. 24- Max. 36 EMIs.