Recently, the government of India has relaxed the norms for withdrawal of General Provident Fund (GPF). As per the new norms, the employees can withdraw the funds for select purposes after completing how many years in service?
[A] 5 years
[B] 8 years
[C] 10 years
[D] 12 years
Show Answer
Correct Answer: C [ 10 years ]
Notes:
The government has recently relaxed the norms for withdrawal of General Provident Fund (GPF) to enable the central government employees receive payments within 15 days. Employees can also withdraw the fund for select purposes after completing 10 years of service, as against 15 years of service earlier. This reform will help around 50 Lakh central government employees.
