• 7th Pay Commission

    Prime Minister Manmohan Singh has approved composition of the 7th Pay Commission, which will revise the salaries of over 50 lakh central government employees.

  • 50% DA MERGER

    Federation demanded the central government to merge the 50 Percent DA with basic Pay. ...

  • DA JULY 2014

    Let us move on to ‘Expected dearness allowance from July 2014’. ...

  • RETIREMENT AGE 62

    Promotion would be greatly affected due to no retirement in the long span. ...

  • LDC-UDC ISSUES

    LDC-UDC whose cases have been ignored by successive pay commissions and Governments with regard to the payment of equal pay for equal work ...

Wednesday, January 19, 2011

GENERAL PROVIDENT FUND (GPF)-THINK BEFORE WITHDRAWAL

The biggest asset for a central govt employees is General Provident Fund(GPF).There is a saying that droplets of water in duration of time forms the ocean.

Similarly the amount saved every month elaborates itself to a huge amount at the time of one's retirement thus arising in shoulder as a friend making his life prosperous.

For this single most reason was the scheme of  GPF has been implemented.
In reality other than a few most of the central government employees do not let the GPF amount to be saved to its fullest.When there arises a situation for them to be rendered financially the immediate thought  that flashes across their mind is GPF.

Not only for the above reasons, but also to finance for the purchase of Luxury items and for touring places during holidays GPF has been blatantly utilized.During the young and middle age of one's life the important of GPF is not known to them or to say they are ignorant of it.

When the years have rolled by and one attains his retirement age only a meagre amount would be left in his GPF.This situation has happened in many people's life.
Central govt employees should averted unnecessary spending of  money in his youth to get huge amount for his retirement stage.

Dearness Allowance and increment of 3% received in a year  should be saved and utilized when there arises a immediate need financially
Hence central govt employees consider General Provident Fund as their biggest asset and safe guard it would definitely gives a safe and secure future.


 Source;cge portal

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5 comments:

IN VOLUNTRAY RETIREMENT CASES UPTO WHICH DATE A SUBSCRIBER CAN SUSCRIBE TO GPF AND WHICH IS THE CRUCIAL DATE OF CLOSING HIS ACCOUNT

GPF IS AGOOD SAVING IDEA FOR AEMPLOYEE AND IT HELPS US WHEN WE WANT

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