GENERAL PROVIDENT FUND – Withdrawal from the General Provident Fund – Maximum limit – Amendments Rules – Issued – Notified.

GOVERNMENT OF TAMIL NADU
2013

FINANCE (ALLOWANCES) DEPARTMENT
G.O.No.103, DATED 1st April, 2013
(Panguni 19, Nandhana, Thiruvalluvar Aandu 2044)

GENERAL PROVIDENT FUND – Withdrawal from the General Provident Fund – Maximum limit – Amendments to rule 15-B of General Provident Fund (Tamil Nadu) Rules – Issued – Notified.

Read the following:-

   1. G.O.Ms.No.33, Finance (Allowances) Department, dated 21.01.1992.

   2. G.O.Ms.No.381, Finance (Allowances) Department, dated 30.09.2010.

   3. From the Accountant General Letter No.Pr.AG (A&E) / FMI / I / 2012-13 / 145468 / 141, dated 26.10.2012.

ORDER:

   The following Notification will be published in the Tamil Nadu Government Gazette.

NOTIFICATION

   In exercise of the powers conferred by the proviso to Article 309 of the Constitution of India and of all other powers hereunto enabling the Governor of Tamil Nadu hereby makes the following amendment to the General Provident Fund (Tamil Nadu) Rules.

AMENDMENTS

   In the said Rules, in rule 15-B, in sub-rule (1), for the provisos, the following provisos shall be substituted, namely:-

   “Provided that in no case the maximum amount of withdrawal for the purposes specified in clauses (a), (b), (c) and (h) of rule 15-A shall exceed Rs.5,00,000/- (Rupees five lakh only) or 75 times of the monthly pay, whichever is less:

   Provided further, that in no case the maximum amount of withdrawal for the purposes specified in clauses (d), (e), (f) and (g) of rule 15-A shall exceed Rs.9,00,000/- (Rupees nine lakh only) or 75 times of the monthly pay whichever is less:

   Provided also that in the case of a subscriber who has availed himself of an advance under the Scheme for the grant of advances for house building purpose, sponsored by the State or the Central Government or the Public or Private Financial Institutions, the sum withdrawn under this sub-rule together with the amount of advance taken under the afore-said Scheme or the assistance taken from the above said sources shall not exceed Rs. 25,00,000/- (Rupees twenty five lakh only).”

(BY ORDER OF THE GOVERNOR)

K. SHANMUGAM
PRINCIPAL SECRETARY TO GOVERNMENT

Source:http://www.tn.gov.in/gosdb/gorders/finance/fin_e_103_2013.pdf