IREC Rule No.925(3): Final Withdrawal From Provident Fund For Marriage Expenses

925(3).Final Withdrawal From Provident Fund For Marriage Expenses:-

Withdrawals may be permitted for meeting marriage expenses subject to the following terms and conditions;

(a)   Meeting the expenditure in connection with the betrothal / marriage of the subscriber or his sons or daughters, and any other female relation actually dependent on him.

[Authority: No.F(E)III 77 PF-1/3, 27.05.1977]

(b)   The amount of withdrawal in respect of each marriage will normally be limited to;

(i)    Six months pay in the case of betrothal / marriage of subscriber or his / her son or daughter, or any other female actually dependent on him/her.

(ii)    The amount actually subscribed by a Railway servant along with interest thereon standing to his credit, whichever is less.

Note-1: lf two or more marriages are to be celebrated simultaneously, the amount admissible in respect of each marriage will be determined as if withdrawals are sanctioned separately one after the other.

Note-2: In special cases, the sanctioning authority may relax the limit at (i) above for marriage of subscriber’s daughter keeping in view the status of the subscriber and the amount standing to his / her credit in the Fund, but in no case should more than 15 month’s pay be sanctioned.

Note-3: ln the case of subscribers to the State Provident Fund where the balance in the Provident Fund account, consisting of his own contribution and interest thereon, does not exceed Rs.10000 and where the amount available as the final withdrawal for marriage purposes within the existing provisions of the rule, is less than 90% of such amount, final withdrawal up to 90% of the balance may be granted by the sanctioning authority. Where however, the entitlement of a subscriber under the existing rules for a final withdrawal from the fund for marriage purposes, is higher than the maximum ceiling of 90% referred to above, the higher amount will be permissible.

[Authority: No.F(E) III 79 PF-1/2, 10.03.1980]

(c)  In respect of the same marriage, a subscriber may either withdraw the money in terms of this rule or draw an advance under Rule 923 above.

(d)  The withdrawal may be allowed to the subscriber not earlier than three months preceding the months in which the marriage actually takes place.

(e)  The subscriber shall furnish a certificate to the sanctioning authority within the period of one month from the date of the marriage, or if he is on leave on the date of the marriage, within one month on return from leave, that the money withdrawn has actually been utilized for the purpose for which it was intended. If the subscriber fails to furnish the requisite certificate, or if the amount withdrawn is utilized for a purpose other than that for which sanction was given the entire amount shall be recovered forthwith from him in one lump sum together with interest thereon at the rate provided for in Rule 920 (1) from the month of the withdrawal, for being credited to his account in the Provident Fund.

(f)   Any amount actually withdrawn from the fund which is found to be in excess of that actually utilized by the subscriber for the purpose shall be recovered forthwith in one lump sum together with interest thereon as in (e) above.

(g)  A subscriber shall be permitted to make a final withdrawal both on the occasion of the betrothal ceremony and marriage ceremony treating each occasion as a separate purpose.

[Authority: RBE No.41/2001, No.F(E)III/2001/PF-1/1, 26.02.2001, ACS No.81]