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Special Provident Fund

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SPECIAL PROVIDENT FUND 1984

  1. This scheme came into force with effect from 1st April 1984.

  2. Joining in this scheme is the optional of the Government Servant

  3. This is a lump sum payment payable on the next working day following the date of retirement of the Government Servant .

  4. The lump sum consists of the subscription made by the Government Servant, interest thereon and the Government contribution of Rs.10,000/-.

  5. The subscription towards this fund to be stopped after 148 installments or one month prior to retirement, which ever is earlier.

  6. The Head of Office should work out the payment and arrange to draw the amount.

  7. This amount should be disbursed on the next working day following the date of retirement of the Government Servant

  8. The Government contribution is eligible for those who retires on Superannuation, on Voluntary retirement and on invalid circumstances

  9. The nominee should be the same person who is nominated to receive the DCRG