1) GPF (General Provident Fund), 2) CPF (Contributory Provident Fund), 3) EPF (Employees Provident Fund).
Sanctioning Authority will sent the attested amount mentioning subscriptions, recoveries and withdrawals during the period uncovered in the A.G’s statement along with the sanctioning order to the Drawing and Disbursing Officer.
All the Heads of Offices will have to send a list of subscribers who are going to retire in the next twelve months to the Office of the Accountant General (A&E), West Bengal.
Irregular sanction of 90% withdrawals of G.P.F. balances are being accorded by the different heads of office under the State Govt. resulting in negative balances of the G.P.F. accounts.
The number of court cases filed by the G.P.F account holders against non-settlement of G.P.F. money is increasing day by day as the claim application for final payment of G.P.F. money are not submitted timely.
The family must lodge a report with the concerned Police Station and obtain a report that the employee has not been traced after all efforts had been made.
After completion of 1 year continuous service by an employee, joining in GPF Scheme is compulsory. Also nomination is mandatory. Minimum subscription is 6%, maximum is upto full pay.