DA Arrears Calculator 1.7.2024 for 3 MonthsAnnual GPF Statement | Issuance & Details
According to the recent CGA order, the annual statement of General Provident Fund (GPF) account will be issued to all employees. This statement will detail the balance in the employee’s GPF account, any interest earned, and any withdrawals made during the year. This process helps to ensure transparency and accuracy in the management of GPF accounts, providing employees with the necessary information to make informed decisions about their retirement savings.
TA-3/1/2019-TA-III/cs=548/405
Ministry of Finance
Department of Expenditure
Office of Controller General of Accounts
Mahalekha Niyantrak Bhawan
E-Block, GPO Complex, INA,
New Delhi
Dated 20th August, 2020
OFFICE MEMORANDUM
Subject: Issuance of Annual Statement of General Provident Fund Account-reg
As per Rule 39 of GPF Rules 1960 an annual statement of GPF is to be provided to the subscriber at the end of Financial Year.
2. The Annual Statement of GPF is to be maintained in Form 49 of CAM, which includes details of missing credit/debit and also provides for acknowledging the receipt of the statement. Immediate action should be taken by Pay and Accounts Office in case any variation in the GPF annual statement is reported. The statement is to be dispatched, invariably, to the subscribers latest by the 31st of July every year as per para 6.9.2 of CAM.
3. Despite the laid down guidelines/ provisions on the matter, DoP&PW has been receiving grievances from retired government servants regarding missing credits and delayed GPF settlement on their retirement, vide their OM No. No.3/7/2020-P&PW (Desk-F) E.6574 dated 17.07.2020.
4, All the Pr. CCAs/CCAs/CAS(IC) are, therefore, requested to ensure that codal provisions of GPF prescribed under GPF(CS)Rules 1960 and CAM are scrupulously complied with and annual signed statement of GPF is, invariably, issued to all the GPF subscribers.
Sd/-
(Sanjeev Shrivastava)
Joint Controller General of Accounts
All Pr. CCAs/CCAs/CAs with independent charge
Click to view the CGA order on GPF Statement
What is the annual statement of GPF account?
The annual statement of GPF account is a document that provides subscribers with a summary of their GPF transactions throughout the financial year.
What is Form 49 of CAM?
Form 49 of CAM is the prescribed format for maintaining the annual statement of GPF. It includes details of missing credit/debit and also allows subscribers to acknowledge the receipt of the statement.
When should the annual statement of GPF account be provided?
According to Rule 39 of GPF Rules 1960, the annual statement of GPF account should be provided to subscribers at the end of the financial year.
What should be done if there is any variation in the GPF annual statement?
Immediate action should be taken by the Pay and Accounts Office if any variation is reported in the GPF annual statement. This is to ensure accuracy in the statement.
When should the annual statement of GPF account be dispatched?
The annual statement of GPF account should be dispatched to subscribers no later than the 31st of July every year.
Leave a Reply