Home Withdrawals Guidelines

1. Purposes of Withdrawals from Fund

After 15 Years of Service or Within 10 Years Before Retirement

• Meeting the cost of higher education in India and outside India.
• Expenses for betrothal/marriage of the subscriber or dependents.
• Expenses related to illness including travel of self/family/dependents.
• Purchasing consumer durables like TV, VCR/VCP, Washing Machine, Cooking Range, Geysers, Computers.

During Service

• Purchase of house site for residence or repaying loan for such purpose.
• Building or acquiring a house (including cost of site).
• Reconstruction or modifications to existing owned/acquired house.
• Repaying outstanding loan taken for house or flat for residence.
• Renovation or upkeep of ancestral house or house built with government loan.

Without Linking to Any Purpose

• Within 12 months before superannuation.
• After 15 years of service or less than 5 years to retire – for purchasing motor vehicle or repaying related loan.
• After 28 years of service or less than 3 years to retire – for repairs or overhaul of personal motor car.

General

• Once a year, equivalent to one year’s subscription under Central Govt. Employees' Group Insurance Scheme.
• For leasehold to freehold property conversion by DDA/State Boards/Co-operatives.

2. Conditions of Withdrawal

1. Amount withdrawn shall not exceed half of the credit or six months’ pay, whichever is less.
2. Subscriber must provide proof that the money was used for the intended purpose within a reasonable period. Otherwise, the full amount must be repaid in a lump sum or through installments.
3. A) Subscriber must not transfer, mortgage, gift, or sell the property (house/site) bought using withdrawal without President’s permission.
   B) Declaration must be submitted annually (by 31st December) confirming ownership or status of the house/site. Relevant documents must be submitted when requested.
   C) If subscriber transfers property without permission before retirement, the amount withdrawn must be repaid in lump sum or will be recovered after representation opportunity.

3. Final Withdrawal of Accumulations in the Fund

The subscriber is entitled to full withdrawal of accumulated GPF amount under these circumstances:

• On quitting service.
• If dismissed and later reinstated.
• When proceeding on retirement leave (or combined vacation leave).
• When permitted to retire while on leave or declared medically unfit.