Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

socially backward (Social worker)     07 July 2018

GPF to PPF

Dear Members, A state Govt employee has GPF and PPF(SBI) both and he contributes total of Rs 150000,dividing in both the accounts. He has completed 16 years of service and wants to withdraw non refundable loan from his GPF .Can he deposit the withdrawn money to PPF?His PPF account is 6 years old and as per mandate he can deposit Rs 10000/month in it.


Learning

 5 Replies

Kumar Doab (FIN)     07 July 2018

What was the stated purpose of non refundable advance!

Kumar Doab (FIN)     07 July 2018

Also whether the utilization certificate is to be submitted as per applicable rules..

R.Ramachandran (Advocate)     08 July 2018

When you want to take out the fund from GPF and to put it into PPF, there may be some reason.

Can you please indicate the reason why you want to shift the money from GPF to PPF?

socially backward (Social worker)     08 July 2018

Even if there is some reasons,is it possible or not?

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register