Section 33: Applied for within 12 months before retirement on superannuation without assigning any reason for applying

(1) Withdrawals may be permitted if it is applied within twelve months before the date of subscriber’s retirement on superannuation from the amount standing to the credit in the Fund, without linking to any purpose and conditions to enable him to plan in advance the investment of his savings.

(2) The amount of the withdrawal under sub-rule (1) shall not exceed ninety percent of the balance at the credit of the subscriber. Application for withdrawal under this rule shall be made in the form specified, in the Form-18. The Head of the Department shall be the sanctioning authority for the purpose of this rule in respect of the employees subordinate to it. 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.