CONSTITUTION
OF THE FUND:
10.1 The Fund was established
under the Provident Funds Act, 1925 as amended from time to time. Originally
the subscription to the General Provident Fund was optional, but from 1st September, 1953 it has
been made compulsory. Now all Federal Government employees including
re-employed personnel having rendered service for more than two years are
compulsorily required to subscribe to the General Provident Fund. The
Ministers/Ministers for State of (the Federal Government are, however, required
to subscribe to the General Provident Fund, from the date of their induction
into office.
SUBSCRIBERS
ACCOUNT:
10.2 As soon as a Government
servant is due to complete two years service, intimation to that effect should
be sent to the Accounts Officer concerned and the latter may be asked to allot
a General Provident Fund account number to the Government servant. When a
number has been allotted, the subscription should be started. The General
Provident Fund account number should be quoted invariably on the schedules and
in all correspondence with the accounts officer on the subject.
CONDITIONS
AND RATES OF SUBSCRIPTION:
10.3 The subscription to the
General Provident Fund is made by deduction from the monthly pay bills. If a
Government servant is on Foreign Service, he can pay his subscription in cash
in a Government treasury and forward the treasury challan to the respective
accounts officer. The suspension can be suspended during leave and suspension.
