Employees

Member Benefits

Repayable Loans
Rule Purpose Criteria Maximum Eligible Amount Installments Documents Required
38 (A) (2) Illness, Dependent Father, Mother, Spouse & Self. N.A. 50% of Credit or 3 months salary which ever is less. 24 Xerox copy of Bank Pass-Book, Cheque Leaf, PAN & Aadhaar duly attested.
38 (A) (1) Marriage of daughter & dependent sister’s, brother, niece & Self. (7 years’ membership of the Fund). 50% of Credit or 6 months salary which ever is less. 24 Xerox copy of Bank Pass-Book, Cheque Leaf, PAN & Aadhaar duly attested.
Non-Repayable Loans

Advance/ Withdrawals may be availed for the following purposes :

  • Marriage / Education
  • Treatment
  • Purchase or construction of Dwelling house
  • Repayment of Housing Loan
  • Purchase of Plot
  • Addition/Alteration of House
  • Repair of House
  • Lockout
  • Withdrawal Prior to Retirement
  • Other Advances
  • Notes

For Marriage / Education
Type of Advance Purpose Eligibility Maximum Admissible Amount** Proof/ documents required
Under Para 68-k of the Scheme For the marriage of: self son, daughter brother, sister
For education of : self son, daughter 		Should complete atleast 7 years of service. 3 times in the entire service 50% of Employee share at the time of tendering the application
  • Apply in Form-31 through the Employer.
  • Bonafide Certificate duly indicating the fees payable from the educational institution.
  • Marriage invitation card along with the application should be submitted through the employer.
    		•

    For Treatment
    Type of Advance Purpose Eligibility Maximum Admissible Amount** Proof/ documents required
    Under Para 68-j of the Scheme Whenever required for treatment For the treatment of :
    1]self Hospitalisation for 1 month or more i)major surgical operation in a hospital ii)suffering from TB, leprosy, paralysis, cancer, mental derangement or heart ailment and having been granted leave by his employer for the treatment of said illness

    2]family( spouse, son, daughter, dependent father, mother) i)major surgical operation in a hospital and 1 month or more hospitalisation for the operation ii)suffering from TB, leprosy, paralysis, cancer, mental derangement or heart ailment
  • No minimum service required
  • Certificate from ESI or from Employer that the ESI facility are not available to the member
  • a doctor [ or registered medical practitioner] of the hospital certifies that a surgical operation or hospitalisation for 1 month or more is/was necessary.
  • In case of TB, leprosy ...etc., a specialist doctor should certify
    		•  6 times of Wages
    OR
    Full of Employee share (whichever is less)
  • Certificates of proof as mentioned in the eligibility column.
  • Apply in Form-31 through the Employer.
    		•

    For construction/ purchase of dwelling unit (house/ flat)
    Type of Advance Purpose Eligibility Maximum Admissible Amount** Proof/ documents required
    Under Para 68-B of the Scheme

    Only Once (either 'construction or purchase of house' or 'repayment of housing loan) Apply in Form-31     		For the construction/ purchase of dwelling unit (house/ flat)
  • Should complete 5 Years of service
  • Only once in service
  • property should be in the name of self or spouse or jointly
  • should not be a joint property owned by other than the spouse
    		•  36 times of Wages
  • Declaration in the Proforma obtained along with application signed by Member
  • Apply in Form-31 through Employer
    		•

    For Repayment of housing loan
    Type of Advance Purpose Eligibility Maximum Admissible Amount** Proof/ documents required
    Under Para 68-BB of the Scheme

    Only Once (either 'construction or purchase of house' or 'repayment of housing loan) Apply in Form-31     		Repayment of housing loan
  • Should complete 10 Years of service
  • Only once in service
  • property should be in the name of self or spouse or jointly
  • should not be a joint property owned by other than spouse
    		•  36 times of Wages
  • Declaration in the Proforma obtained with approval and signed by the Member
  • Apply in Form-31 through the Employer
    		•

    For the purchase of site/ plot
    Type of Advance Purpose Eligibility Maximum Admissible Amount** Proof/ documents required
    Under Para 68-B of the Scheme
    Only Once     		For the purchase of site/ plot
  • Should complete 5 Years of service
  • Only once in service
  • property should be registered in the name of self or jointly with spouse
  • should not be a joint property owned by other than spouse
    		•  24 times of Wages
  • Filled-up Declaration(from the Employee in the prescribed form and enclosed with the application.
  • Copy of the Purchase Agreement
  • Apply in Form-31 through the Employer
    		•

    For Addition/alteration of house
    Type of Advance Purpose Eligibility Maximum Admissible Amount** Proof/ documents required
    Under Para 68-B(7) of the Scheme
    Only Once
    Apply in Form-31     		Addition/alteration of house (same type of advance can be availed for repair of house)
  • Should complete 5 Years after construction
  • Annexure III (construction / completion certificate/ utilisation certificate) should be submitted
  • Only once in service
  • property should be in the name of self or spouse or jointly
  • should not be a joint property owned by other than spouse
    		•  12 times of Wages
  • Certificates of proof
  • Apply in Form-31 through the Employer
    		•

    For Repair of house
    Type of Advance Purpose Eligibility Maximum Admissible Amount** Proof/ documents required
    Under Para 68-B(7) of the Scheme
    Only once     		Repair of house (same type of advance can be availed for alteration of house)
  • Should complete 10 Years after construction
  • Annexure XIII (construction completion certificate) should be submitted
  • Only once in service
  • property should be in the name of self or spouse or jointly
  • should not be a joint property owned by other than spouse
    		•  12 times of Wages
  • Certificates of proof
  • Apply in Form-31 through the Employer
    		•

    For Lockout or closure of the establishment
    Type of Advance Purpose Eligibility Maximum Admissible Amount** Proof/ documents required
    Under Para 68-H of the Scheme
    Whenever need arises     		Lockout or closure of the establishment
  • No minimum service
  • should be closed for more than 15 days
  • Wages for atleast 2 months is not paid
  • Balance should be there in Employee's share. If closed for more than 6 months, advance can be allowed from Employer's share also
    		•  equivalent to the total of wages multiplied by no. of months closed
  • Declaration
  • Apply in Form-31
    		•

    For Withdrawal prior to retirement
    Type of Advance Purpose Eligibility Maximum Admissible Amount** Proof/ documents required
    Under Para 68-NN of the Scheme
    Only once     		Withdrawal prior to retirement
  • No minimum service
  • atleast 54 years of age
  • 1 year before retirement
    		•  90% of total of both shares
  • Certificate from the employer showing the date of retirement
  • Apply in Form-31
    		•

    Other Advances
    68L : ADVANCE IN ABNORMAL CONDITIONS
    Type of Benefit Eligibility Eligible Amount Form Proof/ documents required
    Grant of advance in abnormal conditions, Natural calamities etc.
  • Certificate of damage from appropriate authority.
  • State Govt. declaration.
    		•  Rs. 5000/- or 50% of member’s own share of contribution (To apply within 4 months) No.31 Certificate from the Appropriate Authority.

    68 M : ADVANCE TO MEMBER AFFECTED BY CUT IN THE SUPPLY OF ELECTRICITY
    Type of Benefit Eligibility Eligible Amount Form Proof/ documents required
    Grant of advance to members affected by cut in the supply of electricity The advance may be granted only to a member whose total wages for any one month commencing from the month of January 1973 were 3/4th or less than 3/4th of wages for a month Wages for a month
    OR
    Rs.300/-     		No.31 Certificate from State Govt. regarding cut in the supply of electricity.

    68 N : GRANT OF ADVANCE TO MEMBERS WHO ARE PHYSICALLY HANDICAPPED
    Type of Benefit Eligibility Eligible Amount Form Proof/ documents required
    To Physically Handicapped member for purchase of an equipment required to minimize the hardship on account of handicap. Production of medical certificate from a competent medical practitioner to the effect that he is physically handicapped Basic wages+ DA for six months
    or
    own share of contribution with interest or cost of equipment which ever is least.     		No.31 Certificate from the Medical practitioner to the effect that the member is physically handicapped.

    **Notes ·

    The amount of advance/withdrawal is not required to be refunded under normal circumstances. If the amount is not utilised, the same should be refunded with penal interest · A fixed minimum balance in the account will be kept before arriving at the amount of advance admissible subject to the above conditions · For calculation/ computing the period of membership U/P 68B, 68BB, 68K, total service exclusive of periods of break under the same employer before the scheme is applied to him, as well as period of membership of the fund is always included