ANDHRA PRADESH STATE ROAD TRANSPORT CORPORATION

Office the Managing Director,

Mushirabad, Hyderabad - 20.

No. P1/560(1)/97-PO-IV

CIRCULAR NO.PD-46/1997, DATE 17.07.1997

 

Sub:-    PROVIDENT FUND - Withdrawal of Provident Fund  amount by  P.F. Subscribers up to 90% of the amount standing to their credit within one year before retirement - Reg.

Ref :-    1) Notification No.F.No.M3/35012/5/95-55, Dt. 02.02.1996 of G.O.I.

            2) Minute No.10 of Meeting of Trustees of APSRTC  Employees' Provident Fund Trust held on 27.05.1997.

***

 

        The Government of India in their Notification, referred above permitted all E.P.F. subscribers to with - draw 90% of the amount standing to their credit (both shares) in their P.F. Account within one year before retirement.  The APSRTC EPF Trust in their meeting Dt. 27.05.1997, adopted the above amendment by incorporating the similar withdrawal in APSRTC Employees' (Provident Fund Trust) Regulation, 1990 thus enabling all our employees who are retiring within one year to avail this facility.

 

        In accordance with the above amended provisions, with immediate effect all  the P.F. Subscribers are entitled to withdraw 90% of the amount standing to their credit (both shares) within one year before their retirement.  A specimen Application Form (PFT-W.5) for withdrawal is enclosed herewith for Notification to all employees.  A separate seniority list will be maintained by Provident Fund Trust Office and withdrawals will be arranged accordingly.  Before forwarding the withdrawal applications the Unit Officers are requested to carefully certify the date of retirement from Service Record and P.Case.

 

        All the Unit Officers are therefore, advised to take necessary action in this regard.

 

Encl. : As above.  

Sd/-  I. PRABHAKAR REDDY,

CHIEF PERSONAL MANAGER

To

All Officers of the Corporation

 

// ATTESTED / /

Sd/-PERSONNEL OFFICER (IV)

 

 

 ANNEXURE (TO MINUTE NO.10)

 

A.P.S.R.T.C. EMPLOYEES PROVIDENT FUND TRUST (PFT - W5)    

(Application form for permanent withdrawal after attaining 57 years of age or with in one year before his actual Retirement on Superannuation whichever is latte.)

 

    "Refer : Para 33 A"

 

Case No. :_____________________________                                         Date:__________________________________

 

To

The Secretary,

PF Trust, APSRTC.

HYDERABAD.

 

1 Name (in Block letters)                                                :
2 Staff No. /Badge No. if any                                         :
3 Father's Name                                                            :
4 Designation                                                                 :
5 Place of work                                                              :
6 Date of Birth                                                                :
7 Date of Appointment                                                    :
8 Date of retirement attaining superannuation                    :
9 Date of joining P.F.                                                      :
10 Whether the Member of FPS                                        :                       YES / NO
11 Amount of withdrawal required                                     : 
12 Reasons for withdrawal.                                                :

 

WITNESSES :

 

1)

 

2)

 

SIGNATURE OF EMPLOYEE

____________________________________________________________________________________

 

FOR OFFICE USE

 

Verified the above particulars furnished by the Employee and certified that the above employee has attained the age of _____________ years.  He is retiring on ____________________ on attaining superannuation.

 

Transfer parrticulars Signature of the Signature of the
  Dy.Supdt. (P) /Supdt.(P)/AM(P) Unit Officer with stamp.