GPF payments New Delhi, Jan 29 (PTI) Motion will probably be taken in opposition to the officers involved in circumstances of delay in processing cost of Basic Provident Fund (GPF) to retiring staff, the Centre has stated.
The transfer comes after it was observed that GPF ultimate cost in lots of circumstances was not being made to the federal government servants instantly after retirement resulting in a cost of curiosity for the interval delayed.
In an order, the Ministry of Personnel stated with a view to guaranteeing well timed ultimate cost of GPF and to keep away from pointless monetary burden on account of curiosity, it has now been determined that each case, during which cost of curiosity on Basic Provident Fund turns into mandatory past the date of retirement, shall be put up for consideration to the Secretary of the executive ministry.
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“In all such circumstances the Secretary of the executive ministry or division will repair duty in any respect ranges to take applicable motion in opposition to the federal government servant or servants who’ve discovered chargeable for the delay within the cost of Basic Provident Fund,” it stated within the directive to all central authorities departments.
Senior Personnel Ministry officers additionally stated there have been a number of cases during which there was a criticism of delay in giving the ultimate quantity of GPF to the retiring staff.
Guidelines clearly present that when the quantity standing to the credit score of a subscriber within the Basic Provident Fund turns into payable, it shall be the obligation of the Accounts Officer to make the cost.
The authority for the quantity payable is to be issued a minimum of a month earlier than the date of superannuation, however payable on the date of superannuation, the principles say.
The Centre had in 1996 disbursed with the requirement of submitting a written software by the retiring authorities servant for GPF ultimate cost.
As per the principles, in case the GPF steadiness shouldn’t be paid on retirement, curiosity on the GPF steadiness is required to be paid for the interval past the date of retirement additionally. PTI AKV TIR AAR
