What you get
- Long-Term Financial Security: The scheme allows provisional employees to make defined contributions towards planned savings, ensuring future security through a pension. - Flexible Withdrawal Options: Allows partial withdrawals for essential expenses such as higher education, marriage, housing, and medical emergencies. - Nomination Facility: Nominees are designated to receive funds in case of the employee's untimely demise. - Centralized Management: Streamlined fund management by the Nodal Office ensures effective fund utilization and accountability. | - Monthly Contributions: The DDO deducts contributions (5% of wages) from monthly salaries and remits these to the Fund Manager. | Note: Withdrawals are permitted only for education, marriage, house purchase, or medical emergencies.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
How often can partial withdrawals be made?
Up to two partial withdrawals are allowed during the entire service.
What is the 'Mizoram Provisional Employees Savings Scheme'?
It is a savings scheme for Mizoram provisional employees to help secure a retirement fund.
Who is eligible for this scheme?
Provisional employees approved by DP&AR and the Finance Department of Mizoram are eligible.
What is the monthly contribution rate?
The minimum contribution is 5% of monthly wages.
How is the contribution managed?
The Nodal Office, in collaboration with the Fund Manager, manages all contributions.
Can I change my contribution amount?
Yes, employees may adjust their contribution rate once per year, in January.
What happens to my savings if I exit before retirement?
In case of premature exit (such as resignation), the accumulated amount will be paid in lump sum.
What are the conditions for partial withdrawals?
Employees can withdraw up to 25% of their balance for education, marriage, home purchase, or medical treatment.
What documents are required for enrolling in the scheme?
Form-I, Form-II for nomination, proof of employment, and bank account details.
Who is eligible to be nominated as a beneficiary?
Family members as defined under GPF Rules can be nominated as beneficiaries.
What if a member dies before retirement?
Accumulated savings will be paid in lump sum to the nominee(s) or legal heirs.
Is there a government matching contribution?
No, the scheme is solely funded by employee contributions.
How is interest on savings calculated?
Interest is accrued at a rate prescribed by the Fund Manager in consultation with the government.
How do I apply for withdrawal from the scheme?
Submit the relevant withdrawal form (Form VI, VII, or VIII) to the Nodal Office through HOD/HOO/DDO.
Where can I get clarification on scheme-related issues?
For clarification, contact the Finance Department (APF), Government of Mizoram.