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I. Temporary Advance (TA)
A temporary advance is granted to a subscriber from the amount standing to his credit in the Fund by the departmental officers for specified purposes. The amount of advance sanctioned shall not exceed 3 months pay or half the amount at the credit of the subscriber in the Fund, whichever is less subject to the following conditions. Sanction orders for temporary advances are noted in the subscribers’ accounts. Temporary advance is to be applied in Prescribed Format. Reasons for drawal of Temporary Advance > To meet expenses in connection with the prolonged illness of the applicant or any person actually dependant on him; > To pay for the overseas passage for reasons of health or education, or to meet the cost of higher education of the subscriber or any person actually dependant on him; > To pay obligatory expenses in connection with his or other ceremonies, or marriages, funeral or other ceremonies of persons actually dependant on him. II .Non-Refundable Advance / Part-Final Withdrawal (PFW) Non-Refundable Advance is to be applied in Prescribed Form. Conditions for Sanction of Non-Refundable Advances Part-Final Withdrawals may be sanctioned by an authority competent to dismiss the subscriber at any time after the completion of twenty years of service or within ten years before the date of his retirement on superannuation, whichever is earlier. PF Loan Sanction Software |