Withdrawals from the Fund

Withdrawals may be sanctioned by the authorities competent to sanction, at any time after the completion of twenty five years of service (including broken periods of Services, if any) of the subscriber or within eight years before the date of his superannuation, whichever is earlier, from the amount standing to his credit in the Fund.

Conditions for withdrawal :

  • The withdrawal will not be permissible more than once in every six months, i.e. twice in any financial year.
  • Only one withdrawal is allowed for the same purpose.
  • The amount of withdrawal will be limited to that prescribed in Rule 14 & Rule 28-B & Rule 28-C. 
  • In one financial year, a subscriber can draw either the temporary advance or the part final withdrawal after a gap of 6 months of drawal of any one, so that there would be only two withdrawals in a year.
  • The balances under V pay commission arrears, UGC arrears and IDA credited prior to one year can be taken into account for computing 90% of the balance. VI Pay Commission Arrears not to be included.