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Section 19: Final withdrawal of Accumulations in the Fund

The Karnataka General Provident Funds Rules, 2016.State Rules of Karnataka · 1990

(1) When a subscriber quits the service, the amount standing to his credit in the Fund shall become payable to him in Form-8.

Provided that a subscriber, who has been dismissed or removed from the service and is subsequently reinstated in the service shall, if required to do so by Government, repay any amount paid to him from the Fund in pursuance of this rule, with interest thereon at the rate provided in the Rule 15, in the manner provided in the proviso to rule

20. The amount so repaid shall be credited to his account in the Fund.

(2) The Accountant General (A and E), Karnataka on receipt of the application, complete in all respects, in his office will arrange for finalisation of the General Provident Fund Account calculating the interest up to the date of retirement and issue the payment authorization at least 15 days prior to date of retirement, payable on the date of retirement and the Treasury Officer shall issue post-dated cheque to the retiring subscriber as soon as the authorization is received by him without insisting on the personnel appearance of the subscriber in Form-9.

Note (1).-Re-employment after retirement, with or without a break, is a fresh service and not a continuation of previous service.

Note (2).-The authority competent to sanction final withdrawal shall obtain the final withdrawal application complete in all respects from the retiring subscriber six months before the date of his retirement and shall forward it to the Accountant General (A and E), Karnataka, two months prior to the date of retirement, duly recording the necessary certificates regarding the last deductions made, details of temporary advances/partial final withdrawals sanctioned during the last twelve months.

(3) When a subscriber.- (i) has proceeded on leave preparatory to retirement, or, if he is employed in a vacation Department, on leave preparatory to retirement combined with vacation; or

(ii) while on leave, has been permitted to retire or been declared by a competent medical authority to be unfit for further service,- the amount standing to his credit in the Fund shall, upon application made by him in that behalf to the Account Officer, become payable to the subscriber:

Provided that the subscriber, if he returns to duty, shall, if required to do so by Government, repay to the Fund, for credit to his account, the whole or part of any amount paid to him from the Fund in pursuance of this rule with interest thereon at the rate provided in rule 14, in cash or securities or partly in cash and partly in securities, by installments or otherwise, by recovery from his emoluments or otherwise, as may be directed by the authority competent to sanction an advance for the grant of which special reasons are required under clause (c) of rule 16.

(iii) has proceeded on refused leave after superannuation.

Where this provision sits

ActThe Karnataka General Provident Funds Rules, 2016.
Section19
Marginal noteFinal withdrawal of Accumulations in the Fund
JurisdictionState of Karnataka
StatusIn force as published by the source

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