GPF / DPF Withdrawals Form
Download the GPF / DPF Withdrawals Form in PDF format. Employees can now easily withdraw their money and receive payments within just 15 days. With the recent updates, employees are eligible to withdraw GPF for select purposes after completing only 10 years of service, instead of the previous requirement of 15 years.
This money can be utilized for various important needs such as education (including primary, secondary, and higher education), marriages of self and family members, and emergencies like illness, purchasing property, cars, or paying off bank loans.
Understanding GPF / DPF Withdrawals
GPF / DPF Withdrawal Form Details
- Employees can now withdraw their money and receive payments within 15 days. They can withdraw GPF for specific needs after completing 10 years of service, which is a big change from the earlier requirement of 15 years. This money is available for education, marriage of self and family members, medical emergencies, buying property, cars, and settling bank loans.
- Funds can also be taken out for expenses like marriage and other celebrations for oneself or family members and dependants, as well as for medical issues involving oneself, family members, or dependants. Additionally, it can be used for purchasing consumer goods.
- The government allows GPF withdrawal of up to twelve months’ pay or three-fourths (75 per cent) of the total amount in the General Provident Fund, whichever is less. For medical emergencies, it may be possible to withdraw up to 90 per cent of the balance in the account.
- Three-fourths or 75 per cent of the total outstanding amount in GPF can be withdrawn for purchasing a house, repaying any outstanding housing loans, buying land to build a house, constructing a new house, renovating, or making additions to an existing home.
- GPF funds can also be withdrawn for purchasing vehicles, settling car loans, repairing, and overhauling vehicles, and making deposits to book a vehicle.
- No documentary proof is required to be submitted now for advance and withdrawal applications. This makes the process much simpler for everyone.
Download the GPF / DPF Withdrawals Form in PDF format using the link provided below.