Following are the details pertaining to withdrawal of advances permissible to employees and conditions thereto:
| Sr.No. | Type of withdrawal | Condition | AmountReceivable | Document Required |
| 1. | Withdrawal from the fund for (Para 68-B) | (Available once in life-time) | ||
| (a) | The purchase of site for construction of house | 5 yrs. of membership of the Fund(Min. balance in member’s a/c should be Rs. 10,000 | (i) 24 months wages (Basic + D.A.)
OR Member’s own share of contributions + Co’s share of contribution with interest thereon. |
Original of Allotment Order (in case the purchase is through agency) with copy. Original to be returned after verification.Original Title-Deed (if purchase is from individual) with copy. Original to be returned after verification. Photocopy of the Registered Agreement with Seller along with the receipt of advance paid along with Original copy for verification and return. |
| (b) | The construction of house | __do__ | (i) 36 months wages (Basic + D.A.)
OR Member’s own share of contributions + Co’s share of contribution with interest thereon. |
Same as per Col. (a) Photocopy of the plan approved by the Collector’s Office or Muncipal Corporation or the Local Bodies, Gram Panchayat as the case may be. |
| (c) | The purchase of dwelling flat | __do__ | __do__ | (i) Original Allotment Order (if purchase is through Agency) with copy.(ii) Copy of the Agreement with seller, duly registered under the Indian Registration Act, 1908 (photocopy + Original) for verification and return.(iii) Non-encumbrance declaration from the member and seller.
(iv) Receipt of Advance Payment towards Flat. (v) If purchase is in the Co-op. Housing Society, then Registration No. of the Society. |
| (d) | 2nd AdvanceAdditions, Alterations or improvements to the dwelling house | 5 years. From the date of completion of dwelling house | 12 months basic or member’s own share of contributions with interest thereon. | (i) Proof of ownership.(ii) Details of addition/alteration to be carried out along with permission to carry out additions, etc.(iii) Estimate from the appropriate authority |
| (e) | 3rd AdvanceAdditions, Alterations or improvements to the dwelling house | 10 yrs. From the date of completion of the dwelling house | __do__ | __do__ |
| 2. | Withdrawal from the fund for repayment of loan in special cases to State Govt., Registered Co-op. Societies, State Housing Board, Nationalised Banks, Public Financial institutions, Municipal Corpn. Or Secular Bodies. | 10 yrs. Membership of the fund and should have Rs. 1000 as employee’s share of contributions + Co’s share of contributions with interest thereon. | 36 months wages (Basic +D.A.)
OR Member’s own share |
A certificate from the leading authority furnishing the details of loan and outstanding amount and if they are ready to accept premature payment. |
| 3. | Advance from the fund for illness viz. hospitalization for more than a month, major surgical operation or suffering from T.B., Leprosy, Paralysis, Cancer, Heart ailment, etc. (for member of family and self) | months’ wages (Basic + D.A.) or his share of PF whichever is less. | (i) A certificate from the Regd. Medical Practitioner, Govt. Doctor for hospitalization or operation. In case of serious diseases, of the specialist.(ii) Certificate from employer that ESI benefits are not available to the member. | |
| 4. | Advance from the fund for Marriage of self/son/daughter/sister/brother, etc. | 7 yr’s membership of the fund and min. balance of member’s a/c should be Rs. 1000 | 50% of member’s own share of contribution (max. advances allowed: 3) | Marriage Invitation Card / declaration of member. |
| 5. | Advance from the fund for education of son / daughter | __do__ | 50% of member’s own share of contribution (Max. advances allowed: 3) | Certificate from the Institution regarding the course of study and anticipated expenditure. |
| 6. | Grant of advance in abnormal condition (Para 68L) Natural calamities, etc. | (i) Certificate of damage(ii) State Government declaration | Rs. 5000 or 50% of member’s own share of contributions | Certificate from the appropriate authority within the State Government (To apply within 4 months) |
| 7. | Withdrawal within one year before retirement | (i) He should have attained the age of 54 years(ii) to retire within ensuring year | 90% of both contributions | Certificate by employer to this effect. |
| 8. | Option for withdrawal for investment in Pension Beema Yojana | (i) more than 55 years of age(ii) LIC Policy for Pension Beema yojana | (i) 90% of both contributions(ii) Payment to be made to LIC directly. | Proposal from LIC duly accepted and passed |