GPF Rules


GENERAL PROVIDENT FUND (CENTRAL SERVICES) RULES

Short Title and Definitions
1.     
(a)  These rules may be called the General Provident Fund (Central Services) Rules.
(b)  They shall come into force on the 1st April, 1934.
2.     
(1)  In these rules:—
(a)  Account Officer means such officer as may be appointed in this behalf by the Auditor-General of Pakistan.
(b)  Except where otherwise expressly provided emoluments means 'pay, leave salary or subsistence grant as defined in the Fundamental Rules, and includes[Pay in foreign exchange] converted at official rate of exchange. [           ]
(c)  Family means—                                          
    (i)        in the case of a male subscriber, the wife .or wives and children of a subscriber, and the widow, or widows, and chil­dren of a deceased son of the subscriber. .Provided that if a subscriber proves that his wife has been judicially separated from him or has ceased under the customary law of the community to which she belongs to be entitled to main­tenance, she shall henceforth be deemed to be no longer a member of the subscriber's family in matters to which these rules relate, unless the subscriber subsequently indicates by express notification in writing to the Account Officer that she shall continue to be so regarded;
  (ii)        in the case of a female subscriber, the husband and children of a subscriber, and the widow or widows and chil­dren of a deceased son of a subscriber :
Provided that if a subscriber by .notification in writing to the Account Officer expresses her desire to exclude her husband from her family, the husband shall henceforth be deemed to be no longer a member - of the subscriber's family in matters to which these rules relate, unless the subscriber subsequently cancels formally in writing her notification excluding him.
NOTE I.—Children means legitimate children.
NOTE II.—An adopted child shall be considered to be a child when the Account Officer, of if any doubt arises in the mind of the Account Officer, the So­licitor to the Government of Pakistan is satisfied that under the personal law of the subscriber, adoption is legally recognised as conferring the status of a natural child, but in this case only.                                                                           
(d)  Fund means the General Provident Fund.
(e)  Leave means any variety of leave recognised by the Fundamental rum or the Civil Service Regulations.
(f)   Year means a Financial year.
(g)  Continuous Service means service which includes all kinds of leave with or without pay and foreign service.
(2)  Any other expression used in these Rules which is defined either in the Provident Funds Act (XIX of 1925) or in the Fundamental Rules is used in the sense therein defined.
(3)  Nothing in these rules shall be deemed to have the effect of terminating the existence of the General Provident Fund as heretofore existing or of con­stituting any new Fund.

Constitution of the fund

3.    The Fund shall be maintained in Pakistan in rupees.
4.    All Government servants in permanent, temporary or officiating service (including probationary service) irrespective of the class to which they belong,; whose conditions of service the President is competent to determine, shall be eli­gible to join the Fund :
Provided that no such Government servant as has been required or permitted to subscribe to a Contributory Provident Fund shall be eligible to join or continue as a subscriber to the Fund while he retains his right to subscribe to such a Fund :
Provided further that any Government servant not qualified for membership; under this rule who has been duly admitted to membership under rules or orders heretofore in force shall continue to be a member and shall be governed by any special provision relating to obligation for, and rates of, subscription from time to time contained in those rules or orders for so long as his conditions of service continue to be determined by the President.                                        
5.    Deleted.                                                                                         
6.     
(1)  All eligible Government servants hi permanent pensionable and non pensionable service and those temporary or officiating Government servants who have completed 2 years continuous temporary and/or officiating service shall join the Fund as compulsory subscribers.
(2)  All other eligible Government servants may elect to join the Fund as optional subscribers.
Government decisions.—As doubts have been expressed on certain points arising out of the introduction of the compulsory General Provident Fund Scheme, it has been decided as follows :—
    (i)        Government servants who have been re-employed after retirement should be treated as compulsory subscribers to the General Provident Fund if the period of such re-employment exceeds two years.
  (ii)        Government servants who have been re-employed after retirement without any stipulation as regards the period but are likely to be replaced at any time as soon as suitable officers are available may be treated at par with temporary Government servants similarly placed.
 (iii)        In the case of re-employed personnel whose pay on re-employment has been fixed on pay minus pension basis, the rate of compulsory subscription may be determined on the pay received from Government ignoring the amount of pension drawn separately. In the case of officials whose pension is held in abeyance in whole     in pan during the period of re-employment, the amount of compulsory subscription to the Provident Fund shall be determined with reference to the actual pay drawn by them.
 (iv)        Contract Officers whose contract does not provide for subscribing to General Pro­vident Fund may be invited by the appointing authority to join the scheme as compulsory subscribers.
  (v)        Persons who are not career officers but are appointed in Pakistan Missions abroad as Ambassadors, Ministers and to other diplomatic posts may also be brought within the purview of the Compulsory Provident Fund Scheme as a whole.
 (vi)        The compulsory savings scheme is not applicable to the locally recruited staff in Pakistan Missions abroad.
[G.P.M.F., O.M. No. F. I7 (27)-RI/53. dated 30-12-1953.]
7.     
    (i)        A Government servant who exercises the option allowed by rule 6 (2) may discontinue subscribing to the Fund at any time, but his right of renewing subscription shall lapse if he discontinues subscribing except when on leave, more than three times.
  (ii)        If a Government servant's right to resume subscription lapses under sub-rule (i) of this rule he shall nevertheless retain his other rights and liabilities as a subscriber to the Fund ; and no final withdrawal of his deposits shall be allowed except on the happening of one or other of the contingencies provided for in rules 29, 30 and 31.

Nominations

8.     
(1)            A subscriber shall, as soon as may be after joining the Fund, send to the Account Officer a nomination conferring on one or more persons the right to receive the amount that may stand to his credit in the Fund, in the event" of Ills death before that amount has become payable, or having become payable has not been paid :
Provided that if, at the time of making the nomination, the subscriber has a family, the nomination shall not be in favour of any person or persons other than the members of his family.
Administrative Instruction:
A copy of the nomination paper may be kept in service book of the employee in the case of non-gazetted Government servant and in the personal file in the case of a Gazetted officer.
(2)          If a subscriber nominates more than one person under sub-rule (1), he shall specify in the nomination the amount or share payable to each of the nominees in such manner as to cover the whole of the amount that may stand to his credit in the Fund at any time.
(3)          Every nomination shall be in such one of the Forms set forth in the First Schedule as is appropriate in the circumstances.
(4)          A subscriber may at any time cancel a nomination by sending a notice in writing to the Account Officer:
Provided that the subscriber shall, along with such notice, send a fresh nomination made in accordance with the provisions of sub-rules (1) to (3).
(5)           Without prejudice to the provisions of sub-rule (4), a subscriber shall along with every nomination made by him under this rule send to the Account Officer a contingent notice of cancellation which shall be in such one of the Forms set forth in Second Schedule as is appropriate in the circumstances.
(6)          Immediately on the occurrence of any event by reason of which the contingent notice of cancellation referred to in sub-rule (5) becomes operative and the nomination to which that notice relates consequently stands cancel the subscriber shall send to the Account Officer a fresh nomination made in art dance with the provisions of sub-rules (1) to (3).
(7)          Every nomination made, and every notice of cancellation given, by a subscriber shall, to the extent that it is valid, take effect on the date on which it is received by the. Account Officer.
(8)          Nothing in sub-rules (1) to (3) shall be deemed/to invalidate or to require the replacement by a nomination thereunder of, a nomination, duly made before and subsisting on the 4th September, 1941: 
Provided that in respect of every such nomination, the subscriber shall, as soon as may be after the said date send to the Account Officer a contingent notice of cancellation in such one of the Forms set forth in Second Schedule as is appropriate in the circumstances.
Subscribers’ Accounts
9.    An account shall be prepared in the name of each subscriber and shall show the amount of his subscriptions with interest thereon calculated as prescribed in sub-rule (2) of Rule 14.

Conditions and Rates of Subscription

10.   
(1)          Except as provided in rule 7, a subscribe shall subscribe monthly to the Fund except during a period of suspension:
Provided that a subscriber may, at his option, elect not to subscribe during leave:
Provided further that a subscriber on reinstatement after a period passed under suspension shall be allowed the option of paying in one sum, or in instalments, any sum not exceeding the maximum amount of arrear subscriptions permissible for that period.
(2)          The subscriber shall intimate his election not to subscribe during leave in the following manner:-
(a)  If he is an officer who draw his own pay bills, by making no deduction on account of subscription in his first pay bill drawn after proceeding on leave.
(b)  if he is not an officer who draws his own pay bills, by written com­munication to the head of his office before he proceeds on leave. Failure to make due and timely intimation shall be deemed to con­stitute an election to subscribe. ,
The option of a subscriber intimated under this sub-rule shall be final.
(3)          A subscriber who has, under rule 30, withdrawn the amount standing to his credit in the Fund shall not subscribe to the Fund after such withdrawal unless and until he returns to duty.
11.  
(1)          The amount of subscription towards G. P. Fund shall be fixed by the Government from time to time.
(2)          Where on account of promotion or reversion of a subscriber his rate of subscription changes the change shall take effect only from the 1st of June next.]
12. When a subscriber is transferred to foreign service or sent on deputation out of Pakistan, he shall remain subject to the rules of the Fund in the same manner as if he were not so transferred or sent on deputation.

Realisation of subscriptions

13.  
(1)          When emoluments are drawn from a Government treasury n Pakistan or when the Government servant is on foreign service outside Pakistan, the recovery of subscriptions on account of these emoluments and >f the principal and interest of advances shall be made from the emolu­ments themselves, and recovery on the above account from Government servants on foreign service outside Pakistan shall be made in foreign exchange through the Embassy of Pakistan in the country concerned in such manner as the Federal Government may, from time, direct.
(2)          When emoluments are drawn from any other source the subscriber shall forward his dues monthly to the Account Officer.
(3)          If a Government servant fails to subscribe with effect from the late on which he is required to join the Fund under rule 6, the total amount due to the Fund on account of arrears of subscription shall, with interest thereon at the rate provided in rule 14, forthwith be paid by the subscriber to the Fund, or in default be ordered by the Account Officer to be recovered by deduction from the emoluments of the subscriber by instal­ments or otherwise, as may be directed by the authority competent to sanction an advance for the grant of which special reasons are required under clause (c) of sub-rule (1) of rule 15.

Interest

14.  
(1)          Subject to the provisions of sub-rule (5) below Government shall pay to the credit of the account of a subscriber interest at such rate as may be determined for each year according to the method of calculation prescribed from time to time by the Government of Pakistan ;
Provided that, if the rate of interest determined for a year is less than 4 per cent, all existing subscribers to the Fund in the year preceding that for which the rate has for the first time been fixed at less than 4 per cent, shall be allowed interest at 4 per cent.
(2)          Interest shall be credited with effect from last day in each year in the following manner : —
    (i)        on the amount at the credit of a subscriber on the list day of the preceding year, lest any sums withdrawn during the current year-interest for twelve months ;
  (ii)        on sums withdrawn during the current year—interest from the be­ginning of the current year up to the last day of the month preced­ing the month of withdrawal;
 (iii)        on all sums credited to the subscriber's account after the last day of the preceding year- interest from the date of deposit up to the end of the current year ;
 (iv)        the total amount of interest shall be rounded to the nearest whole rupee, fifty paisa counting as the next higher rupee:
Provided that when the amount standing at the credit of a subscriber has become payable, interest shall thereupon be credited under this sub-rule in respect only of the period from the beginning of the current year or from the date of deposit, as the case may be, up to the date on which the amount standing at the credit of the subscriber became payable.
(3)          In this rule, the date of deposit shall, in the case of a recovery from emoluments, be deemed to be the first day of the month in which it is recovered; and in the case of an amount forwarded by the subscriber, shall be deemed to be the first day of the month of receipt if it is received by the Account Officer before the fifth day of that month, but if it is received on or after the fifth day of that month ,the first day of the next succeeding month.
(4)          In addition to any amount to be paid under rules 29, 30 or 31, interest thereon up to the end of the month preceding that in which the payment is made [ ] shall be payable to the person to whom such amount is to be paid :
Provided that where the Account Officer, has intimated to that person (or his agent) a date on which be is prepared to make payment in cash, or has posted a cheque in payment to that person, interest shall be payable only up to the end of the month preceding the date so intimated, or the date of posting the cheque, as the case may be:
[Provided further that if the person claiming the payment does not send an application in that behalf within six months of the date on which the amount standing at credit of the subscriber has become payable under Rule :29, interest shall be payable upto the end of sixth month after the month in which the amount became payable.
[Note:—Where the payment of the accumulations in the fund or any part thereof standing to the credit of a subscriber is delayed for administrative reasons (such as accounting for the missing credits, transfer of account from one audit office to another audit office or other similar reasons) interest on the accumulations or, as the case may be, the part thereof shall be payable upto the end of the month preceding that in which the payment of the accumulations or any part thereof is made.]
(5)  Interest shall not be credited to the account of a Muslim subscri­ber if he informs the Account Officer that he does not wish to receive it; bat if he subsequently asks for interest, it shall be credited with effect from the first day of the year in which he asks for it.      .
Government derision.—A question has been raised as to what course should be adopted in the case of a subscriber who intimates his intention to forego interest already accrued on his deposits in the Provident Fund. As the relevant rules did not provide for any such contingency, the matter has been considered by the Government of Pakistan and it has been decided that there is no objection to the interest in such cases being withheld and credited to Government revenues, on the written intimation of the subs­criber concerned.
The interest already credited to the subscriber's account in such cases should be re adjusted by debit to his Provident Fund Account and contra credit to the head ["600 Transfer Payments—610 Interest-616 Others’) or ["1100 Income from Property and Enterprise—1130 Interest—1139 Others"] according as the amount of interest was originally credited to the subscriber's account during the current year or previous year.
[G.P.M.F. letter No. F. 17(7)-RI/53. dated 13-3-1953)
(6)  The interest on amounts which under sub-rule (3) of rule 13, sub-rule (5) of rule 16, sub-rule (3) of rule. 19, sub-rule (4) of rule 21, sub-rule (1) of rule 23, sub-rule (!) or (2) of rule 24, rule 29 or rule 30 are replaced at the credit of the subscriber in the Fund, shall be calculated at such rates as may be successively prescribed under sub-rule (I) of this rule and so far as may be in the manner described in this rule.
Government decision.—A question was raised as to how the rate of in­terest should be allowed on current accounts as well as in the case of final payment of Provident Funds. It has been decided that in the case of final payment of Provident Fund Accounts, the Accounts Officer should not cal­culate and pay interest for the year for which the rate of interest has not actually beep intimated by the Government and that the residual payment may be allowed later on as and when the orders regarding the fixation of rate of interest for that year are issued by the Government.
As regards the current accounts, the interest for the year should be calculated and added to the accounts as and when the rate of interest for the year has been announced by the Government.
[G P., M.F. letter No. F. 9(2)-R3/67. dated 25-2-1967 addressed to the Comptroller and Auditor-General of Pakistan. Lahore.]

Advances from the Fund

15.  
(1)  A temporary advance may be granted to a 'Subscriber from the amount standing to his credit in the Fund at the discretion of the appro­priate authority specified in the Sixth Schedule, subject to the 'following conditions: —
(a)  Mo advance shall be granted unless the sanctioning authority ii satisfied that the applicant's pecuniary circumstances justify it, and that it will be expended on the following object or objects and not otherwise :—
    (i)        to pay expenses incurred in connection with the prolonged ill­ness of the applicant or [the applicants spouse] any person actually dependent on him ;
  (ii)        to pay for the overseas passage for reasons of health or educa­tion of the applicant or any person actually dependent on him;
 (iii)        to pay obligatory expenses on a scale appropriate to the appli­cant's status in connection with funerals, or ceremonies which by his religion it is incumbent on him to perform [or in con­nection with his marriage or the marriage of any member of his family] [or of a female relative who is actually dependent on him:]
[Provided that an advance for the purchase of a motor car, motor cycle or bicycle may be granted, subject to the terms and conditions laid down in paragraphs 254 to 263-A of the General Financial Rules, Volume I, to a subscriber whose deposits in the Fund carry no interest and who does not take any advance for that purpose from Government.
(b)  The sanctioning authority shall record in writing its reason for granting the advance.
(c)  An advance, shall not exceed three months pay or half of the amount at the credit of the subscriber in the fund, whichever is lets, except for special reasons. The subscriber shall state the special reasons in the application submitted for the grant of ad­vance but if the reason is of a confidential nature which the subs­criber does not want to disclose in writing it may be, or caused to be, communicated to the sanctioning authority personally and confidentially.
(d)  A second advance may be allowed but only in rare and exceptional cases and subject to the following conditions: —
    (i)        A second advance shall be sanctioned by the authority next above the sanctioning authority;
  (ii)        the authority sanctioning the second advance shall record reasons for sanctioning the second advance ; and
 (iii)        the outstanding balance of the first advance with interest, if any, shall be recovered from the amount of the second advance being sanctioned 10 that only one advance remains outstand­ing at one time.]
(2)  In fixing the amount of an advance, the sanctioning authority shall pay due regard to the amount at the credit of the subscriber in the fund.
Government decisions. ---
(2)  A question was raised whether a temporary advance could be granted under rule15 (1) (a) (ii) of the General Provident Fund (Central Services) Rules to pay off deferred ‘dower’ claimed by the wife of a subscriber at some later stage after the marriage, as an expense connected with the marriage. It was held that as the payment of 'dower' was a necessary element in Muslim marriage and either before or simultaneously with the ‘nikah' ceremony, the husband binds himself down in the presence of the witnesses to make this payment whether it is prompt or deferred, the liability is incurred with the marriage. It has, therefore, been decided that temporary advance may be allowed to a subscriber from his General Provident Fund for the payment of 'dower' subject to the following conditions :—
    (i)        The official drawing the advance shall produce evidence within one month of the drawal of the advance that he had actually paid the 'dower', failing which the advance shall be recovered in lump sum.
  (ii)        The advance in connection with the marriage shall be allowed only once, i.e. if the Government servant had taken advance for marriage expenses at the time of marriage, he shall not be allowed advance for ' dower' again later on.
 (iii)        The amount of the advance shall not exceed the limits laid down in rule 15(1) (c) of the General Provident Fund (Central Services) Rules or the actual amount of the' dower' fixed whichever is less, a proof of which shall be produced by the subscriber concerned.
IG.P.M.F. O.M. No. F. 9(12)-R-3/61, dated 15-1-1962.]
(2)  If a Government servant who has not drawn any advance from G.P. Fund previously or a period of 12 months has elapsed after the final repayment of all previous advances together with the interest thereon, applies, for an advance from the G. P. Fund, the amount of which may, for special reasons, exceed three months pay, or 50% of the balance, whichever is less, it will be sanctioned in accordance with the powers delegated in the Sixth Schedule to the G.P. Fund (Central Services) Rules.
[G.P.F., D.O.M. No. F. 2(55>R. 8/72, dated 23-8-1973].
15-B.   An advance for construction of a house (anywhere in Pakistan) for occupation by the subscriber himself A [or completely reconstructing or for extending/renovating house already owned by the government servant concerned or by his wife and children or by any of them,] may be granted to him from the amount standing to his credit1 in the Fund at the discretion of the appropriate authority specified in the Sixth Schedule subject to the following conditions, namely:-
(a)  Advance shall be granted as nearly as may be in accordance with the terms and conditions set out in paragraph 253-A of General Financial Rules, except as expressly provided in this rule.
(b)  Advance shall in no case exceed (24) months pay of the subscriber or 80% of the amount at the credit of the subscriber in the fund, whichever is lesser.
(c)  [23]The sanctioning authority shall see that the land and the house cons­tructed thereon, for which the advance is granted, is mortgaged to the President in the form set forth in the Seventh Schedule to these Rules, within three months after the advance is drawn.
(d)  Mortgage deed shall be registered within four months of its execution.
(e)  Recovery Shall be made at the rate of [7%] of the subscriber’s pay commencing from the fourth issue of pay after the first instalment of the advance is drawn:
[Provided that, where the amount of the advance does not exceed 18 month's pay of the subscribers, recovery shall be made at 5% of the pay.]
Note.—In case where a subscriber draws only a part of the house building advance from his Provident Fund the total of the house building advance taken from Government as loan and the advance from the Provl dent Fund shall be limited to [24] months' pay of the subscriber. Recovery in such a case on account of advance from the Fund will commence immediately after the loan from Government with interest accrued thereat has been fully repaid.
Government decisions.—Please see Government decision No. (I) under rule 15-B. (Now substituted by new rule 15-B).
(2)  It has been decided that the advance from the G.P. Fund Account of a Government servant granted for the construction of a house under the existing orders shall not henceforth be taken into account for the purpose of calculating the total House Building Advance to which a Government servant is entitled.
(G.P.F D., O.M. No. F. 9(1)-R 9/72, dated 20-11-1972)
15-B.            
(1)  Only three non-refundable advances, one each after attain­ing the age of 45, 50 and 55 years, shall be admissible to a subscriber.
(2)  A non- refundable advance applied for after the subscriber bad at­tained the age of 45 years but before attaining the age of 50 years shall be admissible for the purposes and subject to the conditions mentioned herein:
    (i)        Construction of a house (anywhere in Pakistan) on land owned by him or by his wife or children or by any of them. The advance shall mutatis mutandis be governed by the same terms and conditions as are applicable to an advance granted under rule 15-A,
  (ii)        Completely re-constructing or for extending or renovating a house already owned by the Government servant concerned or by his wife and children or by any of them. The advance shall mutatis mutandis be governed by the same terms and conditions as are applicable to an advance granted under rule 15-A.
 (iii)        Purchase of agricultural land,
 (iv)        Purchase of a house for his residence,
  (v)        Repayment of loan taken from a financial institution.
Conditions:
(a)  Save as provided in clause (c), no recovery of the advance shall be made from the subscriber and the amount advanced shall be trea­ted as part of the final payment of the amount standing to the credit of the subscriber when the final payment becomes due.
(b)  The land purchased, or the house constructed or reconstructed by expending the amount of the advance shall not be required to be mortgaged with the President.
(c)  The first instalment of the advance, or where the subscriber desires draw the amount of the advance in a lump sum shall be drawn only after an agreement is executed between the subscriber and the in the forms set forth in the Eighth, Ninth or Tenth schedule to these Rules, as the case may be.
(d)  In case the reconstructed house, the house, or the agricultural land as the case may be, is sold or otherwise alienated while the subscriber is in service, the subscriber shall forthwith repay into Fund the entire amount of the advance together with interest thereon, in a lump sum.
(e)  In case the advance for purchase of a house is not utilized for the purpose for which it has been drawn within three months of dra­wal, the subscriber shall forthwith repay into the Fund the entire amount of the advance together with interest accrued thereon, in a lump sum. Satisfactory evidence shall be produced before the Account Officer to show the advance has been spent within three months of its drawal.
(f)   Where an advance is applied to repay a loan taken from a financial institution the sanctioning authority shall satisfy itself of the amount of loan taken from a financial institution and the balance payable. The amount of advance shall not, in any case, exceed the balance payable by the subscriber. The subscriber shall, with­in a period of two weeks from the date of drawal of the advance to repay the loan taken from a financial institution, produce satisfac­tory evidence before the Account Officer to show that the advance has been utilized for the purpose for which it was drawn, failing which the entire amount will become refundable in lump sum with interest.
(3)  No reasons are required to be given for the advances after the subscriber has attained the age of SO years.
(4)  The amount of each advance shall not exceed eighty per cent of balance in the account of the subscriber on the date of application for the grant of advance.
(5)  An advance drawn from G. P. Fund account on refundable basis, may be allowed to be converted into a non-refundable advance if subscri­ber has in the meanwhile attained the age of 45 years.)
  1.  
(1)    An advance shall be recovered from the subscriber in such number of equal monthly instalments as the sanctioning authority may direct; but such number shall not be less than twelve unless the subscriber so elects, [or in any case, more than forty-eight.] A subscriber may, at his option, repay more than one instalment in a month. Each instalment shall be a number of whole rupees, the amount of the advance being raised or reduced, if necessary, to admit of the fixation of such instalments. '
(2)  Recovery shall be made in the manner prescribed in rule 13, for realisation of subscriptions, and shall commence on the first occasion after the advance is made on which the subscriber draws pay, or remuneration on foreign service, for a full month. Recovery may be postponed, on the subscriber's written re­quest, by the President or any authority authorised by the President. Recovery shall not be made, except with the subscriber's consent while he is on leave or in receipt of subsistence grant.
Order.—Vacation combined with leave should be treated as leave also for the purposes of repayment of an advance under rule 16(2) of the General Provident Fund (Central Services) Rules.
[G.I., F.D., letter No. F. 22(2)-R. 11/37, dated the 18th January, 1937].
(3)  If more than one advance 'has been made to a subscriber, each advance shall be treated separately for the purpose of recovery.
(4)   
(a)  After the principal of the advance has been fully repaid, interest shall be paid thereon at the rate of one-fifth per cent of the principal for each month or broken portion of a month during the period between the drawal and complete repayment of the principal:
Provided that Muslim subscribers whose deposits in the Fund carry no in­terest shall not be required to pay into the Fund any additional instalments on ac­count of interest on advances granted to them from the Fund.
(b)  Interest shall ordinarily be recovered in one instalment in the month after complete repayment of the principal; but, if the period referred to in clause (a) exceeds twenty months, interest may, if the subscriber so desires, be recovered in two equal monthly instalments. The method of recovery shall be that pres­cribed in sub-rule (2). Payment shall be rounded to the nearest rupee in the manner prescribed in clause (iv) of sub-rule (2) of rule 14.
(5)  If an advance has been granted to a subscriber and drawn by him and the advance is subsequently disallowed before repayment is completed, the whole or balance of the amount withdrawn shall, with interest at the rate provided in-rule 14, forthwith be repaid by the subscriber to the Fund, or in default, be ordered by the Account Officer to be recovered by deduction from the emoluments of the subscriber by instalments or otherwise, as may be directed by the authority com­petent to sanction an advance for the grant of which, special reasons are required under clause (c) of sub-rule (1) of rule 15 :
Provided that Muslim subscribers whose deposits in the Fund carry no interest shall not be required to pay any interest.
(6)  Recoveries made under this rule shall be credited as they are made to the subscriber's account in the Fund.
Government decision.—
(1)  It has been decided to delegate the Powers to postpone recovery of not more than two advances for a period not exceeding two years to the Ministries/Divisions
[G.P.F.D., O.M. No. F. 1(5)-R. 12/80, dated 11-3-1981.]
Payments towards Insurance Policies and Family Pension Funds
  1. Subject to the conditions hereinafter contained in rules 18 to 27:—
(a)  subscriptions to a family pension fund approved in this behalf by the President may, at the option of a subscriber, be substituted in whole or part for subscripti-ons due to the Fund in Pakistan ; and
(b)  the amount of subscriptions with interest thereon standing to the credit of a subsc-riber in the Fund may be withdrawn to meet—
    (i)        a payment towards a policy of life insurance ;
  (ii)        the purchase of a single payment insurance policy ;
 (iii)        the payment of a single premium or subscriptions to a family pension fund approved in this behalf by the President:
Provided that no amount shall be withdrawn (1) before the details of the proposed policy have been submitted to the Account Officer and accepted by him as suitable or (2) to meet any payment or purchase made or effected more than twelve months before the withdrawal, or (3) in excess of the amount required to meet a premium or subscription actually due for payment within six months of withdrawal:
Provided further that payments towards an educational endowment policy may not be substituted for subscriptions to the Fund and that no amounts may be withdrawn to meet any payment or purchase in respect of such a policy if is due for payment in whole or part before the subscriber's age of normal superannuation:
Provided further that amounts withdrawn shall be rounded to the nearest whole rupee.
18.  
(1)  If the total amount of any subscriptions or payments substituted under clause (a) of rule 17 is less than the amount of the minimum subscription payable to the Fund under rule 11 (1), the difference shall be rounded to the nearest rupee in the manner provided in clause (iv) of sub-rule (2) of rule 14 and paid by the subscriber as a subscription to the Fund.
(2)  If the subscriber withdraws any amount standing to his credit in the Fund for any of the purposes specified in clause (6) of rule 17, he shall, subject to his option under clause (a) of that rule, continue to pay to the Fund the subscription payable under rule 11.
19.  
(1)  A subscriber, who desires to substitute a subscription or payment under clause (a) of rule 17, may reduce his subscription to the Fund accordingly;
Provided that the subscriber shall--
(a)  intimate to the Account Officer on his bill or by letter the fact of, and reason for, the reduction ;
(b)  send to the Account Officer, within such period as the Account Officer may require, receipts or certified copies of receipts in order to satisfy the Account Officer that the amount by which the subscription has been reduced was duly applied for the purposes specified in clause (a) of rule 17.
(2)  A subscriber who desires to withdraw any amount under clause (b) of rule 17 shall—
(a)  intimate the reason for the withdrawal to the Account Officer by letter ;
(b)  make arrangements with the Account Officer for the withdrawal;
(c)  send to the Account Officer, within such period as the Account Officer may require, receipts or certified copies of receipts in order to satisfy the Account Officer that the amount withdrawn was duly applied for the purpose specified in clause (b) of rule 17.
(3)  The Account Officer shall order the recovery of any amount by which subscriptions have been reduced, or of any amount withdrawn, in respect of which he has not been satisfied in the manner required by clause (b) of sub-rule (1) and clause (c) of sub-rule (2), which interest thereon at the rate provided in rule 14 from the emoluments of the subscriber and place it to the credit of the subscriber in the Fund.  
Government decision.—A question has been raised as to what procedure should be followed in the case of those Government servants, who are posted in Pakistan Missions abroad and desire to withdraw amount from their Provident Fund for payment of premia to Insurance Com­panies located in Pakistan. It has been decided in consultation with the Comptroller and Auditor General that the following procedure may be followed in the case of non-gazetted staff:—
The application regarding the withdrawal of money from Provident Fund for payment of insurance premia may be made by the Government servants who concerned to their administrative Ministry, as and when the premium falls due. The administrative Ministry, will ask the A.G.P.R. to issue necessary authority for the withdrawl of the amount equal to or less than the insurance premia payable by the Government servants concerned according to the balance available in the Provident Fund as the case may be. The applicant should also execute a power of attorney in favour of some one in Pakistan who will present the premium notice from the Insurance Company to the administrative Ministry concerned which will then submit the bill for the for the withdrawl of the amount to the A.G.P.R.  On receipt of the amount from the A.G.P.R. the administrative Ministry would disburse the amount to the holder of the power of attorney, who will make payment to the Insurance Company concerned in Pakistan, and furnish the necessary receipt for the same to the administrative Ministry.
As for the Government servants who posted abroad, no particular procedure appears necessary in their case. Being their own drawing and Disbursing officer, such Government servants can draw the amounts of their premia from their Fund Accounts through their bankers in Pakistan who can make payments to the Insurance Companies concerned.
[G.P., M.F.O.M. No. D. 344-R. 3/61, dated 30th March1961.]
20.  
(1)  Government shall not make any payment on behalf of subscribers to Insurance Companies nor take steps to keep a policy alive.
(2)  A policy acceptable under these rules shall be one effected by the subscriber himself on his own life, and shall (unless it is a policy effected by a male subscriber which is expressed on the face of it to be for the benefit of his wife, or of his wife and children, or any of them) be such as may be legally assigned by the subscriber to the President;
Explanation 1:--- A policy on the joint lives of the subscriber and the subscriber’s wife or husband shall be deemed to be a policy on the life of the subscriber for the purpose of this sub-rule.
Explanation 2:--- A policy which has been assigned to the subscriber’s wife shall not be accepted unless either the policy is first re-assigned to the subscriber or the subscriber and his wife both join in an appropriate assignment.
(3)  The policy may not be effected for the benefit of any beneficiary other than the wife or husband of the subscriber or the wife or husband and children of the subscriber or any of them;
Provided that subscribers who took out policies under Note 1 of rule 21 (ii) or under clause (b) or (c) of rule 21 of the Rules previously in force, shall remain subject to provisions of those rules in so far as policies so taken out arc concerned.
21.  
(1)  The policy, within three months after the first withholding of a subscription or withdrawal from the Fund in respect of the policy ; or in the case of an Insurance Company whose headquarters are outside Pakistan within such further period as the Account Officer, if he is satisfied by the production of the completion certificate (interim receipt), may fix, shall—
(a)  it is a policy effected by a male subscriber which is expressed on the face of it to be for the benefit of the wife of the subscriber, or of his wife and children, or any of them, be assigned to the President as security for the payment of any sum which may become payable to the Fund under rule 26, and delivered to the Account Officer, the assignment being made by endorsement on the policy in Form (1) or Form (2) or Form (3) of the  Forms in the Third Schedule. As the policy is on the life of the subscriber or on the joint lives of the subscriber and the subscriber's wife or husband or the policy has pre­viously been assigned to the subscriber's wife ;
(b)  if it is a policy effected by a male subscriber which is expressed on the face of it to be for the benefit of the wife of the subscriber, or of his and children or any of them, be delivered to the Account Officer.
(2)  Where the Accounts Officer receives a policy under clause (a) or clause (b) of sub-rule (1), he shall—
(a)  satisfy himself if the assignment has been properly made and by reference to the Insurance Company where possible, that no prior assignment of the policy exists or where there is no assignment, if the policy is suitable one and as such acceptable ;
(b)  register the policy including assignment, if any, by recording its full particulars ; and
(c)  within three months of the registration of the policy, return it to the subscriber either personally after obtaining proper receipt or through registered post acknowledge-ment due for its safe custody.
(3)  Once a policy has been accepted by an Account Officer for the purpose of being financed from the Fund the terms of the policy shall not be altered nor shall the policy be exchanged for another policy without the prior consent of the Account Officer to whom details of the alteration or of the new policy shall be furnished.
(4)  If the policy is not assigned and delivered, or delivered, within the said period of three months or such further period as the Account Officer may, under sub-rule (1), have fixed, any amount withheld or withdrawn from the Fund in respect of the policy shall, with interest thereon at the rate provided in rule 14, forthwith be paid or repaid, as the case may be, by the subscriber to the Fund, , in default be ordered by the Account Officer to be recovered by deduction from the emoluments of the subscriber, by instalments or otherwise, as may be directed by the authority competent to sanction an advance for the grant of which, special reasons are required under clause (c) of sub-rule (1) of rule 15.
(5)  Notice of assignment' of the policy shall be given by the subscriber to the Insurance Company, and the acknowledgement of the notice by the Insurance Company shall be sent to the Account Officer within three months of the date o assignment.
Note 1. — Subscribers are advised to scud Notice of the assignment to the Insurance Company in duplicate, accompanied in cases in which the notice has to be sent to a company in Great Britain or Ireland, by a remittance of five shilling which is the fee for the acknowledgement authorised by the Policies pf Assurance Act, 1867.
Note 2. — Subscribers who proceed to Great Britain or Ireland on quilting the service on advised that under the English Stump Law assignments or reassign mails are required to be stamped within 30 days of their first arrival in those countries. Otherwise penalty will be incurred under the Stamp Act, and difficulties may arise when the policy matures for payment.
22. The subscriber shall not during the currency of the policy draw any bonus, the drawal of which during such currency is optional under the terms of the policy, and the amount of any bonus which under the terms of the policy the subscriber has no option to refrain from drawing during its currency shall be paid forthwith into the fund by the subscriber cm in default recovered by deduc­tion from his emoluments by instalments or otherwise as may be directed by the authority competent, to sanction an advance for the grant of which, special reasons are required under clause (c) of sub-rule (1) of rule 15.
22-A.    Deleted. [vide G.P.M.F. Notification No. F. 9(5)-R3/62, dated the 23rd August, 1962.)
23.  
(1)  Save as provided by rule 27 when the .subscriber—
(a)  quits the service ; or
(b)  has proceeded on leave preparatory to retirement and applies to the Account Officer for reassignment or (issue of no objection certificate in respect) of the policy ; or
(c)  while on leave has been permitted to retire or declared by a competent medical authority to be unfit for further service and applies to the Account Officer for reassignment or (issue of no objection certificate in respect) of the policy ; or
(d)  pays or repays to the Fund the whole of any amount withheld or with-, drawn front the Fund for any of the purposes mentioned in sub-clauses (i) and (ii) of clause (b) of rule 17 with interest thereon at the rate pro­vided in rule 14.
the Account Officer shall -
    (i)        If the policy has been assigned to the President and registered under rule 21, or under the corresponding rule heretofore in force, reassign the policy on receipt after maturity in the first form set forth in the Fourth Schedule to the subscriber or to the subscriber and the joint assured, as the case may be, and give a signed notice of the reassignment to the Insurance Company ; or
  (ii)        if the policy bus been delivered to him under clause (b) of sub-rule (1) of rule 21 and registered under that rule, issue no objection certificate in respect of that policy :
Provided that, if the subscriber, after proceeding on leave preparatory to retirement at, or after being, while on leave permitted to retire or declared by a competent medical authority to be unfit for further service, returns to duty, any policy so reassigned or no objection certificate issue in respect thereof shall, if it has not matured or been assigned or charged or encumbered in any way, be again signed to the President and delivered to the Account Officer, as the case may be in the manner provided in rule 21, ard thereupon the provisions of these rules shall, so far as may be, again apply in respect of the policy:
Provided further that, if the policy has matured or been assigned or charged or encumbered in any way, the provisions of sub-rule (4) of rule 21 applicable to a failure to assign and deliver a policy shall apply.
(2)  Save as provided by rule 27, when the subscriber dies before quitting the service, the Account Officer shall—
    (i)        if the policy has been assigned to the President under rule 21, or under the corresponding rule heretofore in force, reassigns the policy in the second Form set forth in the Fourth Schedule to such person as may be legally entitled to receive it, and shall give a signed notice of the reassignment to the Insurance Company ;
  (ii)        if the policy has been delivered to him under clause (b) of sub-rule (1) of rule 21, issue no objection certificate in respect of that policy to the beneficiary, if any, or if there is no beneficiary, to such person as may be legally entitled to receive it.
24.  
(1)  If a policy assigned to the President under rule 21 or under the corresponding rule heretofore m force, matures before the subscriber quits the service, or if a policy on the joint lives of a subscriber and the subscriber's wife or husband, assigned under the said rule, or under the corresponding rule hereto­fore in force, falls due for payment by reason of the death of the subscriber's wife or husband, the Account Officer shall, save as provided by rule 27, proceed as follows :—
    (i)        if the amount assured together with the amount of any accrued bonuses is greater than the whole of the amount withheld or withdrawn from the Fund in respect of the policy with interest thereon at the rate provid­ed in rule 14, the Account Officer shall on receipt reassign the policy in the Form set forth in the fifth Schedule to the subscriber or to the subs­cribers and the joint assured, as the case may be [ ] who shall immedia­tely on receipt of the policy monies from the Insurance Company pay or repay to the Fund the whole of any amount withheld or withdrawn with interest, and in default, the provisions of sub-rule (4) of rule 21 applicable to a failure to assign and deliver a policy shall apply ;
  (ii)        if the amount assured together with the amount of any accrued bonuses is less than the whole of the amount withheld or withdrawn with interest, the Account Officer shall realise the amount assured together with any accrued bonuses and shall place the amount so realised to the credit of the subscriber in the Fund.
(2)  Save as provided by rule 27, if a policy delivered to the Account Officer under clause (b) of sub-rule (1) of rule 21 matures before the subscriber quits the service, the Account Officer shall [issue no objection certificate in respect of that] policy to the subscriber :
Provided that if the interest in the policy of the wife of the subscriber or of his wife and children, or any of them, as expressed on the face of the policy, expires when the policy matures, the subscriber, if the policy monies are paid to him by the Insurance Company, shall immediately on receipt thereof pay or repay to the Fund either:—                                                               
    (i)        the whole of any amount withheld or withdrawn from the Fund in respect of the policy with interest thereon at the rate provided in rule 14, or
  (ii)        an amount equal to the amount assured together with any accrued bonuses,
whichever is less, and, in default, the provisions of sub-rule (4) of rule 21 applicable to a failure to assign and deliver a policy shall apply.
25. If the interest of the .subscriber in the family pension fund ceases in whole or part, from any cause whatsoever, the provident fund account of the subscriber shall forthwith be reimbursed by the amount of the refund secured by the subscriber from the family pension fund, which amount shall, in default of reimbursement, be deducted, from the subscriber's emoluments by instalments or otherwise, as may be directed by the authority competent to sanction an advance for the grant of which special reasons are required under clause (c) of sub-rule (I) of rule 15.
26. If the policy lapses, or is assigned, otherwise than to the Presi­dent under rule 21. charged or encumbered, the provisions 0*" sub-rule (4) of rule 21 applicable to a failure to assign and deliver a policy shall apply
27. If the Account Officer receives notice of—
(a)  an assignment (otherwise than an assignment to the President under rule 21), or
(b)  a charge or encumbrance on, or
(c)  an order of a Court retaining dealings with the policy or any amount realised thereon, the Account Officer shall not—
    (i)        reassign or [issue no objection certificate] as provided in rule 23, or
  (ii)        realise the amount assured by the policy or reassign, or [issue no objection certificate] policy, us provided in rule 24,
but shall forthwith refer the matter to Government.
27-A.    Notwithstanding the provisions of rules 17 to 27, no life insurance policy shall be financed from the G. P. Fund account of a subscriber:
Provided that the life insurance policies which are being financed from G. P. Fund account shall continue to be so financed till their finalization.]
28.   Notwithstanding anything contained in these rules, if the sanctioning authority is satisfied that money drawn as an advance from the Fund under clause (1) of rule 15 or withheld or withdrawn from the Fund under clause (a) or clause (b) of rule 17 has been utilised for a purpose other than that for which sanction was given to the drawal, withholding or withdrawal of the money, the amount in question, shall with interest at the rate provided in rule 14, forthwith be repaid or paid, as the case may be, by the subscriber to the Fund, or in default, be ordered to be recovered by deduction in one sum from the emoluments of the subscriber even if he be on leave If the total amount to be repaid or paid, as the case may be, be more than half the subscriber's emoluments recoveries shall be made in monthly instalments of moieties of his emoluments till the entire amount recoverable be repaid or paid, as the case may be, by him.
Note.—The term ' emoluments’ as used in this rule does not include subsistence grant.
Final withdrawal of Accumulations In the Fund
29. When a subscriber quits the service, the amount standing to his credit a the Fund shall become payable to him:
Provided that a subscriber, who has been dismissed from the service and is subsequently reinstated in the service shall, if required to do so by Government, repay any amount paid to him from the Fund in pursuance of this rule, with interest thereon at the rate provided in rule 14, in the manner provided in the proviso to rule 30. The amount so repaid shall be credited to his account in the Fund.
Government decisions.—
(1)  A question was raised as to the date when the amount standing to the credit of a subscriber becomes payable en his quitting the service. The matter has been examined and it is considered that since it may not be possible to arrange payment immediately on the date of quitting service some reasonable time may be allowed for making arrangement for the payment. It has therefore, been decided that the Accounts Officer should make arrangement for the payment of Fund balance within 3 months of the date on which the amount becomes payable.
[G. P., M. F. letter No. F. 9(7)-R. 3/65. dated 9th October, 1965 addressed to all Accounts Officers in Pakistan).
(2)  The question of further simplifying the procedure for the final payment of G.P. Fund balances, has been considered. After consultation with the Auditor General it has been decided o introduce the following three forms (13th, 14th and 15th Schedule) to suit various situations.
[G.P.F.D., O.M. No. F. t (3)-R. 7/82-317, dated 9-5-1982].
30. When a subscriber—
(a)  has proceeded on leave preparatory to retirement, or, if he is employed in a vacation department, on leave preparatory to retirement combined with vacation, or
(b)  while on leave, has been permitted to retire or been declared by a com­petent medical authority to be unfit for further service,
the amount standing to his credit in the Fund shall, upon application made by him in that behalf to the Account Officer, become payable to the subscriber:
Provided that the subscriber, if he returns to duty, shall, if required to do so by Government, repay to the Fund, for credit to his account, the whole or part of any amount paid to him from the Fund in pursuance of this rule with interest thereon at the rate provided in rule 14, in cash or securities or partly in cash and partly in securities, by instalments or otherwise, by recovery from his emoluments or other­wise, as may be directed by the authority competent to sanction an advance for the grant of which, special reasons are required under clause (c) of sub-rule (1) of rule 15.
Government derision.—It has been decided that a civil servant who does not avail himself of the leave preparatory to retirement and continues to serve upto the date of his superannuation, shall have the option to draw the final payment of his General Provident Fund balance during the period of twelve months preceding the date of his retirement on attaining the age of superannua­tion.
[G.P.F.D,, O.M. No. F. 1(12) Reg. 8/76, dated 18-8-1976].
31. On the death of a subscriber before the amount standing to his credit has become payable or where the amount has become payable before payment has been made :
    (i)        when the subscriber leaves a family—
(a)  if a nomination made by (he subscriber in accordance with the provisions of rule 8 or of (he corresponding rule heretofore in force in favour of a member or members of his family subsists the amount standing to his credit in the Fund or the part thereof to which the nomination relates shall become payable to his nominee or nominees in the proportion specified in the nomination ;
(b)  if no such nomination in favour of a member or members of the fami­ly of the subscriber subsists or if such nomination relates only to a part of the amount standing to his credit in the Fund the whole amount or the part thereof to which the nomination does not relate as the case may be, shall, notwithstanding any nomination pur­porting to be in favour of any person or persons other than a member or members of his family, become payable to the members of his family in equal shares :
Provided that no share shall be payable to—
(1)  sons who have attained legal majority;
(2)  sons   of a deceased son who have attained legal majority ;
(3)  married daughters whose husbands are alive;
(4)  married daughters of a deceased son whose husbands are alive ;
if there is any member of the family other than those specified in clauses (1), (2), (3) and (4):
Provided further that the widow or widows and the child or children of a deceased son shall receive between them in equal parts only the share which that son would have received if he had survived the subscriber and had been exempted from the provisions of clause (1) of the first proviso.
  (ii)        when the subscriber leaves no family, if a nomination made by him in accordance with the provisions of rule 8 or of tae corresponding rule heretofore in force in favour of any person or persons subsists, the amount standing to his credit in the Fund or the part thereof to which the nomination relates, shall become payable to his nominee or nominees in the proportion specified in the nomination.
32.  
(1)  When the amount standing to the credit of a subscriber in the Fund becomes payable, it shall be the duty of the Account Officer to make payment, as provided in section 4 of the Provident Funds Act. 1925.
Note.—The amount or balance to the extent of (Rs. 5,000/00) standing to the credit of the deceased subscriber in the Fund may be paid to the heirs of such subscriber without the production ­of the usual legal authority in accordance with the provisions of clause (i) of sub-rule (1) of rule 234 of the Central Treasury Rules, Volume I.
(2)  If the person to whom, under these rules, any amount or policy is to be paid, assigned, reassigned or delivered, is a lunatic for whose estate a manager has been appointed in this behalf under the Lunacy Act, 1912, the payment or reassignment or delivery will be made to such manager and not to the lunatic.
(3)  Any person who desires to claim payment under this rule shall send a written application in that behalf to the Account Officer " within six months of the date on which the amount standing to the credit of the subscriber has become payable under rule 29 ". Payment of amounts withdrawn shall be made in Pak­istan only. The persons to whom the amounts ore payable shall make their own arrangements to receive payment in Pakistan.
Note.—When the amount standing to the credit of a subscriber has become payable under rule 29, 30, or 31, the Account Officer shall authorise prompt payment of that portion of the amount standing to the credit of a subscriber in regard to which there is no dispute or doubt the balance being adjusted as soon after as may be.
Transfer to Pensionable Service.
33.  
(a)  If a Government servant who is a subscriber to any other Govern­ment Provident Fund, which is a non-contributory provident fund, is permanently transferred to pensionable service under the President, the amount of subs­criptions, together with interest thereon, standing to his credit in such other fund at the date of transfer shall, with the consent of the other Government con­cerned, be transferred to his credit in the Fund,
(b)  If a Government servant who Is a subscriber to the State Railway Provident Fund or the Contributory Provident Fund (Pakistan) or a provincial contributory provident fund is permanently transferred to pensionable service under the Presi­dent and elects or is required to earn pension in respect of such pensionable
    (i)        the amount of subscriptions, with interest thereon, standing to his credit in such contributory provident fund at the date of transfer shall with the consent of the other Government, if any, be transferred to his credit in the Fund:
  (ii)        the amount of Government contributions, with interest thereon, standing to his credit in such contributory provident fund shall, with the consent of the other Government if any. be repaid to Government and credited to central revenues (civil) ; and
 (iii)        he shall in exchange be entitled to count to wards pension such part of the period during which he subscribed to such contributory provident fund as the President may determine.
33-A.    If a subscriber to the Fund is subsequently admitted to the benefits of the Contributory Provident Fund (Pakistan), the amount of his subscriptions, together with interest thereon, shall be transferred to the credit of his account in the Contributory Provident Fund (Pakistan).

Procedure Rules

34. All sums paid into the Fund under these rules shall be credited in the books of Government to an account named “The General Provident Fund ". Sums of which payment has not been taken within six months after they become payable under these rules shall be transferred to " Deposits " at the end of the year and treated under the ordinary rules relating to deposits.
35. When paying a subscription in Pakistan either by deduction from emolu­ments or in cash, a subscriber shall quote the number of his account in the Fund, which shall be communicated to him by the Account Officer. Any change in the number shall similarly be communicated to the subscriber by the Account Officer.
36.  
(1)  As soon as possible after the close of each year, the Account Officer shall send to each subscriber a statement of his account in the Fund showing the opening balance as on the 1st July of the year, the total amount credited or debited during the year, the total amount of interest credited as on the 30th June of the year and the closing balance on that date. The Account Officer shall attach to the statement of account an enquiry whether the subscriber—
(a)  desires to make any alteration in any nomination made under rule 8; or under the corresponding rule heretofore in force.
(b)  has acquired a family in cases where the subscriber has made no nomina­tion in favour of a member of his family under the proviso to sub-rule (I) of rule 8.
(2)  Subscribers should satisfy themselves as to the correctness of the annual statement, and errors should be brought to the notice of the Account Officer within six months from the date of receipt of the statement.
(3)  The Account Officer shall, if required by a subscriber, once, but not more than once, in a year inform the subscriber of the total amount standing to his credit in the Fund at the end of the last month for which his account has been written up.

1 comment:

  1. What is the formula for calculating the accumulated balance of GP Fund pls?

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