Thursday, March 09, 2017

NUPE Postman & MTS Memorandum to CPMG AP Circle

Transfer/Postings/Re-allotments of the Indian Postal Service (IPoS) Group A

Don't be selfish... Share this article wit

GPF Advance Limit Enhanced up to 12 Months of Pay

No 3/212017 -P&PW (F)(i)
Ministry of Personnel, PG & Pensions
Department of Pension & Pensioners’ Welfare
3rdFloor, Lok Nayak Bhavan,
Khan Market, New Delhi-11 0003
Dated 7th March, 2017.

Subject : Amendment to the provisions of General Provident Fund (Central Service )Rules 1960- liberalization of provisions for drawal of advance from the Fund by the subscribers – regarding.
The General Provident Fund (Central Service )Rules came into force in 1960. Rule 12 of the said rules provide for drawal of advance by the subscribers, to be sanctioned by the competent authority for reasons indicated in the Rules. Some amendments have been made from time to time to address the concerns raised by the subscribers. However, the provisions, largely. remain restrictive. There is a felt need to liberalize provisions, raise limits and simplify the procedure.

2. The provisions in the. rules have now been reviewed and it has been decided to permit the subscriber to prefer an advance from General Provident Fund (Central Service) Rules 1960 for the following purposes:

(i) Illness of self, family members or dependents,
(ii) Education of family members or dependent of the subscriber. Education will include primary, secondary and higher education, covering all streams and educational institutions,
(iii) Obligatory Expenses viz. betrothal; marriage, funerals, or other ceremonies,
(iv) Cost of Legal proceedings, .
(v) Cost of defence,
(vi) Purchase of consumer durables,
(vii) Pilgrimage and visiting places of eminence. This will include any travel and . tourism related activities.

3. It has been decided to enhance the limit of advance upto 12 months of pay or three-fourth of the amount at credit, whichever is less. Amount of advance will be recoverable in a maximum of 60 instalments. The advance may be sanctioned by the declared Head of Office . .

4. The declared Head of Department is competent to sanction an advance from the fund for reasons not covered above.

5 Maximum time limit of fifteen days is being prescribed for sanction and payment of an advance from the Fund. In case of emergencies like illness etc., the time limit maybe restricted to seven days.
6. In all the above cases of advance, no documentary proof is required to be furnished by the subscriber. A simple declaration by the subscriber explaining the reasons for advance would be sufficient.

7. Necessary amendment to the GPF(Central Service)Rules 1960, giving effect to the above provisions will be issued in due course.

8. In so far as persons serving in Indian Audit and Accounts Department are concerned, these orders issue in consultation with the Comptroller and Auditor General of India.

9. This issues with approval of Department of Expenditure, vide their ID No. 4(1)/EV/2017 dated 28.02.2017.

10. Hindi version of this OM will follow

( Sujasha Choudhury )

APY - Introduction of Value Added Features

  • PFRDA receives a lot of complaints/grievances about non receipt of statement of Transactions(SoT) or for the facility of issuing PRAN ( Permanent Retirement Account Number ) card. On an average, 5-10 Subscribers' grievances are received at our end from the Subscribers of APY seeking details of SoT or PRAN card.
  • NSDL/CRA has now provided the value added features completely online which empowers APY Subscribes to view/print/preserve their APY account details by providing their PRAN and associated Savings Bank Account details.
  • The Subscribers without PRAN can also avail the facility by providing their Name, Savings Bank Account Number and DoB.
  • The above new facility launched by PFRDA will facilitate more than 44.25 lac Subscribers to navigate their APY account completely online and print their e- PRAN card/e-SoT seamlessly without visiting their Bank or Postal Branch. APY-SP can also avail the facility on behalf of their customers at their branches as part of customer servicing on day to day basis.
  • DFS/PFRDA advises all APY-SP to popularize the new functionality among their customers and urge them to use the features more extensively. 
  • e-PRAN/e SoT is available in the link iKindly visit and find the facility under Atal Pension Yojana. Please feel free to offer any suggestions or further improvement by writing your feedback to Mr Rupam Nath ( 

APY Promotion Team

You can switch from EPF to NPS

Regulator notifies procedure for move

More than eight crore members of the Employees’ Provident Fund, can now opt to move their retirement savings to the National Pension System overseen by the Pension Fund Regulatory and Development Authority (PFRDA) – over two years after Finance Minister Arun Jaitley had promised such an alternative for employees in the Budget for 2015-16.

The PFRDA notified the procedure for EPF members to transfer their investments to the National Pension System or NPS on Tuesday.

Terming members of EPF and Employees’ State Insurance Corporation (which provides medical care to organised sector workers) as “hostages, rather than clients”, the finance minister had said such workers’ incomes suffer due to high statutory deductions towards EPF and ESIC.
He had promised to provide employees the option to leave the EPF and opt for the NPS and had also said that employees below a certain level of monthly income could decide if they wanted to stop their own contributions to the EPF. In all, 24% of an employee’s salary is diverted to the EPF as a mandatory retirement saving scheme.

Active NPS account

According to the rules, the subscriber looking to transfer funds from EPF to NPS must have an active NPS Tier-I account, which can be opened either through the employer where NPS is implemented or online through eNPS on the NPS Trust website.

The amount transferred from a recognised Provident Fund or superannuation fund to NPS would not be treated as income of the current year and hence, would not be taxable.

“Further, the transferred recognised Provident Fund/Superannuation Fund will not be treated as contribution of the current year by employee/employer and accordingly the subscriber would not make Income Tax claim of contribution for this transferred amount,” the notification clarified.

While the return on EPF savings this year is expected to be 8.65%, the NPS offers multiple asset allocation options and fund managers for its members to choose from, with varying rates of returns.

The subscriber, either a government or private sector employee, must approach the concerned PF office where their money resides, through her or his employer and request to transfer their savings to an NPS account.

“The recognised Provident Fund/Superannuation Fund Trust may initiate transfer of the Fund as per the provisions of the Trust Deed read with the provisions of the Income Tax Act, 1961,” the PFRDA said.

In the case of a government employee, the recognised Provident Fund or the superannuation fund can issue the cheque or draft in the name of: the Nodal Office Name<>Employee Name<> Permanent Retirement Account Number (PRAN).

In case of a subscriber currently employed in the private sector, the cheque or draft can be made in the name of: Name of Points of Presence, Collection Account-NPS Trust<>Subscriber Name<>PRAN.

Source :