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Excess Recovery of G.P.F. Refundable Loan

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

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  • #69615
    unknown
    Spectator

      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
      unknown
      Spectator

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

        #79586
        unknown
        Spectator

          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
          unknown
          Spectator

            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
            unknown
            Spectator

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

              #82312
              unknown
              Spectator

                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
                unknown
                Spectator

                  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
                  unknown
                  Spectator

                    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
                    unknown
                    Spectator

                      PAY IN PAY BAND + GRADE PAY= BASIC PAY

                      #82319
                      unknown
                      Spectator

                        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 ?

                        #82328
                        unknown
                        Spectator

                          3 times of Basic Pay ( pay in pay band + g.p.)

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