The withdrawal may be sanctioned by the authorities competent to sanction an advance for special reasons at any time:-

After completion of 20 years of service or within the 10 years before the date of retirement on superannuation whichever is earlier, from the amount standing to his credit, for one or more of the following purposes namely,

• To meet the cost of higher education including where necessary, the travelling expenses of the subscriber and members of his family or any person actually dependent on him.
• To meet the expenditure in connection with betrothal or marriage of the subscriber or his sons or his daughters and any other female relation actually dependent on him.
• To meet the expenses in connection with the illness, including where necessary travelling expenses of the subscriber and members of his family or any person actually dependent on him.

After completion of 10 years of service, or within the 10 years before the date of retirement on superannuation whichever is earlier, from the amount standing to his credit, for one or more of the following purposes namely

• Building or acquiring a suitable house or ready built up flat for his residence including the cost of site.
• Repaying an outstanding amount on account of loan expressly taken for building or acquiring a suitable house or ready built up flat for his residence.
• Purchasing a house site for building a house thereon for his residence or repaying any outstanding amount on account of loan expressly taken for this purpose.
• Reconstructing or making additions or alterations or upkeep of house or a flat already owned or acquired by a subscriber.
• Renovating, additions or alterations to up keep of an ancestral house at a place other than the place of duty or to build the house with the assistance of loan from Government at a place other than the place of duty.

Subscribing towards one year subscription of Group Insurance Scheme.

• After completion of 15 years’ service or 5 years before the date of retirement on superannuation whichever is earlier for purchasing a car or for repaying the loan expressly taken for the purpose.
• After completion of 15 year’s service for making deposit for booking a car or for purchase of a motor cycle or scooter of moped.
• After completion of 8 year’s of service or within 3 year’s before the date of retirement on superannuation whichever is earlier for the purpose of extensive repairs or over hauling a motor car.

CONDITION FOR WITHDRAWAL

Any sum withdrawn by the subscriber at any one time for one or more purpose from the amount standing to his credit in the fund shall not ordinarily exceed ½ of the amount of 6 months pay whichever is less.

WITHDRAWAL PRIOR TO RETIREMENT

A subscriber shall be permitted to withdraw the amount not exceeding 90 % of the amount standing to his credit in the fund, within 12 months before the date of subscriber’s retirement on superannuation without mentioning any purpose.

CONVERSION OF ADVANCE INTO A FINAL WITHDRAWAL

A subscriber who has already drawn an advance may by a written request ask for conversion of balance outstanding advance into a final withdrawal.

WHEN SUBSCRIBER QUITS

When subscriber quits from the service, the amount standing to his credit in the fund becomes payable to him.

RETIREMENT OF A SUBSCRIBER

For a subscriber retiring voluntarily or on superannuation, he/she becomes eligible for payment of the amount standing to his credit along with interest thereon.