TMI BlogCircumstances in which withdrawals may be permittedX X X X Extracts X X X X X X X X Extracts X X X X ..... ee or a member of his family; ( aa ) meeting the cost of higher education, including, where necessary, the travelling expenses of any child of the employee actually dependent on him in the following cases, namely : ( i ) education outside India for academic, technical, professional or vocational courses beyond the matriculation stage, and ( ii ) any medical, engineering or other technical ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... urther that in the case of an employee whose pay does not exceed rupees five thousand per month, such house or site or such house and site shall not be deemed to be an encumbered property merely because such house or site or such house and site is- ( i ) mortgaged, solely for having obtained funds for the purchase of the said house or site or the said house and site or for the building of suc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ule 69; ( dd ) for repayment of loan previously raised for the purpose of construction or purchase of a house; ( e ) to pay premia on policies of insurance on the life of the employee or of his wife provided that the policy is assigned to the trustees of the Fund or at their discretion deposited with them and that the receipts granted by the insurance company for the premia are from time t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e damage caused to the movable or immovable property of the employee as a direct result of- ( i ) flood, cyclone, earthquake or other convulsion of nature; or ( ii ) riot; ( h ) in the case of an employee whose pay does not exceed rupees five thousand per month, ( i ) to meet his household expenses if a factory or other establishment, wherein he is working, is locked up or closed down ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r tribunal and the case is pending in that court or tribunal. Explanation : For the purposes of this clause, pay shall have the meaning assigned to it in the Explanation to sub-rules (2A) and (2B) of rule 69. (2) For the purposes of sub-rule (1), family means any of the following persons who are wholly dependent on the employee, namely: the employees wife, legitimate children, step-childr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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