You have specifically referred to GPF Withdrawal and NOT the GPF advance. These are two different things. GPF advance is repayable, but GPF withdrawal is not repayable.
GPF withdrawal means withdrawal of fund from your savings in your GPF Account, for specified reasons. This amount need not repaid back to your account. The amount withdrawn shall stand debited from your account forever. Such GPF withdrawals are covered under terms and conditions as per Rule 15(1) (A) and (B) of the General Provident Fund (Central Services) Rules, 1960.
GPF withdrawal can be made for the reasons such as higher education of self or of children, legal expenditure, marriage, purchase of consumer items such as TV, washing machines, computers etc. GPF withdrawal can also be made for purchase or construction of house, repairs or renovation of house etc. Therefore, it is clear that you can make GPF withdrawal for purchase of a laptop.
The GPF withdrawal at a time cannot exceed one-half of available balance or six months’ pay, whichever is less. However, the sanctioning authority may permit an advance up to 75% of the available balance in your GPF account, in exceptional cases depending upon the grounds of application. In fact, withdrawal up to 90% of the available balance in your GPF account is also permitted in case of purchase/construction of house / arranging marriage of son or daughter etc.
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