GPF Final Withdrawal Form West Bengal PDF

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GPF Final Withdrawal Form West Bengal

  1. The employees can soon withdraw their money and receive payments within 15 days. Employees can withdraw GPF for select purposes after completing 10 years of service, as against 15 years of service earlier. The money can be withdrawn for purpose of education (which includes primary, secondary, and higher education), a marriage of self and family members, in emergencies such as illness, buying property, cars, and servicing bank loans.
  2. The government has permitted GPF withdrawal of up to twelve months pay or three-fourth (75 percent) of the outstanding money in the General Provident Fund, whichever is less. In some cases such as for illness, the withdrawal may be allowed up to 90 percent of the amount standing at credit of the subscriber.
  3. Three-fourth or 75 percent of the total outstanding amount in GPF can be withdrawn for purpose of buying a house, repayment of outstanding housing loan, purchase of land for building a house, constructing a house, reconstructing or making additions on a house already acquired and renovating, additions or alterations of the ancestral house.
  4. GPF money can also be withdrawn for the purpose of purchasing vehicles, repayment of car loans, repair and overhauling of vehicles, and making a deposit to book a vehicle.

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