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Section 24: Transfer of the Fund

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

(a) If a Government servant who is a subscriber to any other Government Provident Fund, which is a non-contributory Provident Fund, is permanently transferred to pensionable service in connection with the affairs of the State of Karnataka, the amount of subscriptions, together with interest thereon, standing to his credit in such other funds at the date of transfer shall with the consent of the other Government concerned, be transferred to his credit in the Fund in accordance with rules detailed in Annexure to these rules.

(b) If a Government servant who is a subscriber to a Contributory Provident Fund is permanently transferred to pensionable service in connection with the affairs of the State of Karnataka and elects or is required to earn pension in respect of such pensionable service-

(i) The amount of subscriptions, with interest thereon, standing to his credit in such contributory provident fund at the date of transfer shall with the consent of the other Government, if any, be transferred to his credit in the Fund;

(ii) The amount of Government contributions, with interest thereon, standing to his credit in such contributory provident fund shall, with the consent of the other Government, if any, be repaid to Government;

(iii) He shall in exchange be entitled to count towards pension such part of the period during which he subscribed to such contributory provident fund as the Government may determine.

(c) (i) When a subscriber is transferred, without any break in service, to serve under a body corporate owned or controlled by the Government, the amount of subscriptions, together with interest thereon shall be transferred, with the consent of that body and the subscriber, to his new Provident Fund Account under that body:

Provided that in cases where the body corporate does not have any Provident Fund Scheme for its employees or the Provident Fund Rules applicable to such employees do not provide for the acceptance of balances from other Provident Funds the amount in question shall be paid to the subscriber concerned at the time of his permanent transfer to serve under such a body;

Provided further that in cases where the body corporate consents to accept the said amount after the employee concerned satisfies any conditions relating to his employment under such body the said amount may be retained in the Government Provident Fund till such time as such conditions are fulfilled, and the Provident Fund Account of such employees shall cease to be available for operation by such employees from the date of his permanent transfer to such body.

(ii) When a person serving under a body corporate owned or controlled by the Government who was subscribing to a separate Provident Fund maintained by such body corporate is transferred to serve under the Government, such person shall be deemed to be a member of the Fund with effect from the date of such transfer, the balance at his credit in the Provident Fund Account (together with the Employer’s contribution, if any and interest thereon) shall be transferred to the Fund as the opening balance of his account in the Fund:

Provided that if he is allowed to count the service under such body corporate for purposes of grant of pension on retirement from service under the Government the employer’s contribution with interest thereon shall not be transferred to the Fund but it shall be credited to the Government.

Explanation.-(1) For purposes of this clause “Transfer” includes.-

(i) cases of resignation from service in order to take up appointment under another Department of the Government or a body corporate owned or controlled by Government without any break in service and with prior permission of the Government, and

(ii) cases of retrenchment followed by immediate appointment in another Department of the Government or under a body corporate owned or controlled by the Government and the time taken to join the new post shall not be treated as a break in service if it does not exceed the joining time admissible on transfer to the new place of the posting.

(2) For purposes of this clause ‘Government’ includes both the Central Government and the State Government.

Where this provision sits

ActThe Karnataka General Provident Funds Rules, 2016.
Section24
Marginal noteTransfer of the Fund
JurisdictionState of Karnataka
StatusIn force as published by the source

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