11. 5. Employees Provident Funds Scheme Non refundable withdrawal for the following reasons a) Purchase of Dwelling site. b) Purchase of Dwelling House/Flat. c) Construction of a house. d) Repayment of Housing Loan to State Government Housing Board or any other Government recognized Housing Finance Body. e) Illness viz. Hospitalization for more than a month major surgical operations or suffering from T.B., leprosy, paralysis, cancer, heart ailment etc. f) Marriage of Self/Son/Daughter/Sister/Brother. g) Post Matriculation Education of Son/Daughter. h) Damage to the property due to Natural Calamity (Flood/Earth Quake).

12. Conditions for withdrawal 1. Purchase of site for construction of House. Minimum 5 yrs. of membership of the Fund (Min. Balance in member's a/c should be Rs. 1000/-) 24 Months wages (Basic + D.A.) or Member's own share of contr. with interest thereon, whichever is less. 1. Certified true copy of Allotment Order (In case the purchase is through an agency) 2. Certified true copy of Title - Deed, if purchase is from an individual. 3. Certified true copy of the Registered Agreement with the Seller.

13. Conditions for withdrawal 2. Construction of House Minimum 5 yrs. of membership of the Fund (Min. Balance in member's a/c should be Rs. 1000/-) 36 Months wages (Basic + D.A.) or Member's own share of contr. with interest thereon, whichever is less. Same as per item (1) Certified true copy of the plan approved by the Collector's Office or Muncipal Corporation or the local body as the case may be.

14. Conditions for withdrawal 3) Purchase of dwelling Flat / House. Minimum 5 yrs. of membership of the Fund (Min. Balance in member's a/c should be Rs. 1000/-) 36 Months wages (Basic + D.A.) or Member's own share of contr. with interest thereon, whichever is less. 1) Certified true copy of Allotment Order(if purchase is through agency) 2) Certified true copy of the agreement with Seller, duty registered under the Indian Registration Act. 1908 3) Non-encumbrance Certificate from the Solicitor 4) Undertaking from the member for not selling/transferring / mortgaging the property for next 5 yrs. 5) Valuation certificate from architect. 6) Letter of expected date of completion of Building. 7) Receipt of advance payment towards flat. 8) If purchase is in a co-op Hsg society, then Registration No. of the Society. 9) Commencement certificate in case of a new construction.

15. Conditions for withdrawal 4)Additions, Alterations or Improvements to the dwelling flat / house. 5 yrs. from the date of completion of dwelling flat/ house. 12 months basic + DA or members qwn share of contribution with interest thereon, whichever is less. 1) Title of flat/house 2) No objection letter from Municipal Corporation/Society. 3) Architect letter stating the approximate cost.

16. Conditions for withdrawal 5) Advance from the fund for repayment of loan. Minimum 10 yrs. Membership of the fund and member should have taken loan from a Govt body. 36 months wages (Basic + DA) or Member's own share of contr. + Co's share of contr. with interest thereon, whichever is less. A certificate from the Govt. lending authority furnishing the details of loan and outstanding amount.

17. Conditions for withdrawal 6) Advance from the fund for illness viz. Hospitalisation for more than a month, major surgical operation or suffering from T.B.,Leprosy, Paralysis, Cancer, Heart Ailment etc. Stay in hospital at least for a month. 6 months wages (Basic + DA) A certificate from the Medical Practitioner for hospitalisation or operation.

18. Conditions for withdrawal 7) Advance from the fund for marriage of Self / Son / Daughter / Sister / Brother etc. 7 yrs. membership of the fund and min. balance in member's a/c should be Rs. 1000/- 50% of member's own share of contribution (Max. number of times advance allowed : 3) Marriage invitation card

19. Conditions for withdrawal 8) Advance from the fund for education of Son / daughter 7 yrs. membership of the fund and min. balance in member's a/c should be Rs. 1000/- 50% of member's own share of contribution (Max. number of times advance allowed : 3) Certificate from the Institution regarding the course of study and anticipated expenditure.

20. Conditions for withdrawal 9) Grant of advance in abnormal condition. Natural calamities etc. 1) Certificate of damage from appropriate authority 2) State Govt. declaration. Rs 5000/- or 50% of member's own share of cont. (To apply within 4 months) Certificate from the Appropriate Authority.

21. EMPLOYEE'S DEPOSIT-LINKED INSURANCE SCHEME 1976 APPLICABILITY : It is applicable to all establishments wherein the EPF and Misc. Provisions. Act, 1952 is applicable. ELIGIBILITY : All the employees contributing towards EPF Scheme are eligible. CONTRIBUTION : The contribution payable only by the employer is 0.50 of pay (Basic + D.A. + Retaining Allowance if any).

22. EMPLOYEE'S DEPOSIT-LINKED INSURANCE SCHEME 1976 CONTRIBUTIONS : Where the monthly pay exceeds Rs 6500/-, the total contribution payable by the employer it shall be limited to salary Rs. 6500/- only. BENEFITS: In the event of death while in service of the member , the nominees of the deceased shall in addition to PF/EPS accumulation, be paid on amount equal to the average balance in the fund, during the preceding one year, not exceeding Rs. 60,000/- (w.e.f. 01.06.2000) subject to the average balance (both shares and interest) in the account of the deceased not below Rs. 500/- during the preceding one year or during the period of his membership, whichever is less.

23. Insurance benefit payable to whom? To the person nominated to receive PF amount In the absence of nomination- to all family members in equal share. no share shall be payable to – (a) sons who have attained majority; (b) sons of a deceased son who have attained majority; (c) married daughters whose husbands are alive; (d) married daughters of a deceased son whose husbands are alive; if there is any member of the family other than those specified in clauses (a), (b), (c) and (d): Provided further that the widow or widows, and the child or children of a deceased son shall receive between them in equal parts only the share which that son would have received if he had survived the employee and had not attained the age of majority at the time of his death.

24. Insurance benefit payable to whom? (3) In any case to which the provisions of sub-paragraphs 1 and 2 do not apply the whole amount shall be payable to the person legally entitled to it. (4) If a person who is eligible to receive assurance Scheme benefit of the deceased member in terms of sub-paragraph 1,2 or 3 is charged with the offence of murdering the member or for abetting in the commission of such an offence , his claim to receive assurance benefit shall remain suspended till the conclusion of the criminal proceedings instituted against him. If on the conclusion of the criminal proceedings, the person concerned is : - (a) convicted for the murder or abetting the murder of the member, he shall be debarred from receiving his share of deposit linked assurance benefit which shall be payable to other eligible members of any of the family; or (b) acquitted of the charge of murdering or abetting in the murder of the member, his share shall be payable to him.

26. Pension Benefits Superannuation pension if retires on attaining the age of 58 years after rendering at least 20 years of service Retirement pension for exit before 58 years of age after rendering 20 years of service Short service pension for at least 10 years service but less than 20 years service Formula Pensionable salary X pensonable service --------------------------------------------------- 70

29. Commutation of pension Member has the option to commute upto 1/3 of the pension To receive hundred times of the monthly pension so commuted as commuted value of pension. Example Normal pension is Rs.600 Commuted 1/3 1/3X600X100= Rs.20000 payable at the time of exercising the option Balance of pension payable every month is Rs.400

30. 13. Option for return of capital A member may opt to draw a lesser pension and avail return of capital under any of the following three schemes Scheme 1 . Revised pension during life time of member with return of capital on his death Rate of pension : 90% of original monthly pension Return of capital : 100 times of the original monthly pension on death of member to the nominee

32. 13. Option for return of capital Scheme 3. Pension for a fixed period of 20 years notwithstanding whether the member lives for that period or not Rate of pension : 87.5 of the original monthly pension for a fixed period of 20 years. The pension will cease thereafter Return of capital : 100 times the original monthly pension at the end of 20 years from the date of commencement of pension to the member if he is alive otherwise to his nominee . Options shall be exercised at the time of making application to the pension.