(1) The withdrawal may be allowed in the following types of cases in respect of the subscriber, spouse or the dependent children of the subscriber.-
(a) (i) for education outside India.- Whether for an academic, technical, professional or vocational course;
(ii) for medical, engineering and other technical or specialized courses, in India beyond the High School stage:
Provided that the course of study is not less than three years;
(b) the total amount of the withdrawal will be limited to ninety percent of the balance at the credit of the subscriber,
(c) the withdrawals from the Fund will be permitted once in every six months and not more than twice in any financial year and every such withdrawal shall be treated as a withdrawal for a separate purpose for the purposes of clause (a) of sub-rule (I);
(d) the withdrawal now permitted will be in lieu of the advances authorized in rule 16(a)(iv) and (v);
Note.- A subscriber who has already drawn a refundable advance under Rule 15 may convert at his discretion, by written request addressed to the Accounts Officer through the Head of the Department or the sanctioning authority, as the case may be, the balance outstanding against it into a final withdrawal on satisfying the conditions laid down under rule 27.
(e) the officer concerned should satisfy the Government or the Head of the Department, as the case may be, to the effect that in cases, where the portion of the money withdrawn is not likely to be spent within six months of the date during the half year, he may by notifying in writing to the officer concerned, before the expiry of the said period of six months, adjust the excess amount in the proposed withdrawal, provided that such excess amount is not more than 10 percent of the amount utilized and action taken within one month of the expiry of the period of six months;and
(f) If no further withdrawal is contemplated, any amount withdrawn from the Fund, which is found to be in excess of that actually required for the purpose should be re-deposited by the officer concerned forthwith into the Fund together with the interest at 5 percent per annum due thereon.
(2) Application for withdrawal under this rule shall be made in the form specified, in the Form-15. The Head of the Department shall be the sanctioning authority for the purpose of this rule in respect of the employees subordinate to it when all the terms and conditions for the withdrawal are fulfilled. A case of withdrawal by the Head of a Department or a case necessitating the relaxation of any of the terms and conditions shall be referred to Government in the Finance Department.
(3) The actual withdrawal from the Fund will be made only on receipt of an authorization from the Accounts Officer, who will arrange for this as soon as the formal sanction of the Competent Authority has been issued. After the withdrawal has been made by the officer concerned, the sanctioning authorities will satisfy themselves within six months of the withdrawal that the conditions mentioned in sub-rule (1) above are fulfilled, and the Head of the Department concerned shall obtain a certificate from the officer concerned to that effect and furnish the same to the Accounts Officer.