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Thread: withdrawal for purchase motor car

  1. #1
    Junior Member raji22 is on a distinguished road
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    Default withdrawal for purchase motor car

    I am a Central Govt Employee and have completed 15 years of service my doubt is whether I can withdraw GPF advance for purchase of Motor Car?
    Pl Clarify

  2. #2
    Senior Member prasannakumar is on a distinguished road
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    Default pf withdrawal

    Withdrawal from PF for purchase of motor car is permissible. In case the car is not purchased, the amount has to be paid back.

    Before that, vigilance section of your department has also to be informed about this and permission has to be obtained

    Regards
    Prasanna Kumar

  3. #3
    Senior Member RKPATHAK is an unknown quantity at this point
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    Default Widrawal from GPF

    You can withdraw from GPF for purchase of car provided your basic pay is Rs 19530. Mind it only basic pay only not basic pay + grade pay

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    Member ajitmeitei27 is on a distinguished road
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    Default

    Quote Originally Posted by RKPATHAK View Post
    You can withdraw from GPF for purchase of car provided your basic pay is Rs 19530. Mind it only basic pay only not basic pay + grade pay
    Sir,
    Can u please post related link in this regards.
    With warm regards
    Ajit

  5. #5
    Senior Member prasannakumar is on a distinguished road
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    Quote Originally Posted by RKPATHAK View Post
    You can withdraw from GPF for purchase of car provided your basic pay is Rs 19530. Mind it only basic pay only not basic pay + grade pay
    Dear Mr. Pathak
    The pertinent point of pay in pay band, though I had in my mind did not come out at the time of posting my reply. Thank you for providing this valuable point. Keep up the good work

    Regards
    Prasanna Kumar

  6. #6
    Senior Member RKPATHAK is an unknown quantity at this point
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    Default Withdrawal from gpt

    dear ajit
    you may consult swamy's hand book chaper withdrawal from gpf and find your reply

  7. #7
    Junior Member raji22 is on a distinguished road
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    Default

    Thanks to all for the clarification given.

  8. #8
    Junior Member ankitsud36 is on a distinguished road
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    Quote Originally Posted by RKPATHAK View Post
    dear ajit
    you may consult swamy's hand book chaper withdrawal from gpf and find your reply
    There is no condition of basic pay for withdrawal from GPF (in Swamy Hand book), only 15 years of service is the condition.. pl. comment.

    basic pay condition is for car advance from pay, I think..

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