New Delhi, Apr 12: Today Union minister of State for Personnel, Jitendra Singh stated in a written reply to the Lok Sabha that one does not need documentary proof for getting advance or withdrawal from General Provident Fund (GPF). The government has from Mar 7. 2017 simplified the conditions for taking advance from the fund for education, illness and purchase of consumer durable, a simple declaration by the subscriber is sufficient. He further added that a time limit for sanction and payment of advance or withdrawal has also been fixed. There is no proposal under consideration of the government to increase/link the rate of interest on GPF at parity with that of Employees’ Provident Fund (EPF).
