WBXPress

Excess Recovery of G.P.F. Refundable Loan

Home Forums Provident Fund Excess Recovery of G.P.F. Refundable Loan

  • This topic is empty.
Viewing 10 posts - 1 through 10 (of 11 total)
  • Author
    Posts
  • #69615
    Anonymous
    Inactive

    Inadvertently one extra installment for repayment of GPF Loan has been recovered from salary. Now, what is the procedure to get back that excess recovered amount? Pls, suggest.

    #79556
    Anonymous
    Inactive

    There is no need to get back that excess recovered amount. It ( this amount) will be treated as your contribution.

    #79586
    Anonymous
    Inactive

    it’s ok, but the staff needs the amont in cash just now, not after some years.
    The official suggested to compensate from his actual share from his next month sal.
    suppose, his share is Rs. 3000/- GPF share will be Rs. 1000/- in the nxt month, as Rs. 2000/- has been recovered in excess. thanx.

    #82310
    Anonymous
    Inactive

    while withdrawing refundable advance from GPF there is a rule that a employee can get 3 months of PAY. I want 2 know that what the PAY mean? What it inclues?

    #82311
    Anonymous
    Inactive

    Pay means basic pay including Personal Pay, Special Pay, Dearness Pay etc. if any

    #82312
    Anonymous
    Inactive

    Pay means basic pay including D.P.

    thank your for your reply. Is there any order or proof that Pay includes DA also? If so kindly supply me. I am in urgent need of it..

    #82313
    Anonymous
    Inactive

    Please read Dearness Pay instead of Dearness allowance.
    The amount of advance shall not be exceed three month’s pay of the subscriber or three-fourth of the balance standing at the credit of the subscriber, whichever is less.
    It shall be recovered 10-24 installments.

    #82314
    Anonymous
    Inactive

    Please read Dearness Pay instead of Dearness allowance.
    The amount of advance shall not be exceed three month’s pay of the subscriber or three-fourth of the balance standing at the credit of the subscriber, whichever is less.
    It shall be recovered 10-24 installments.

    3 months of pay I understood but pay means what? Basic+GP+DA or Basic+GP only?

    #82318
    Anonymous
    Inactive

    PAY IN PAY BAND + GRADE PAY= BASIC PAY

    #82319
    Anonymous
    Inactive

    PAY IN PAY BAND + GRADE PAY= BASIC PAY

    PAY IN PAY BAND + GRADE PAY= BASIC PAY

    U didn’t understood my point , my point is that , 3 months pay means PAY+GRADE PAY or PAY+GRDAE PAY + DA ?

Viewing 10 posts - 1 through 10 (of 11 total)
  • You must be logged in to reply to this topic.