Coir Board General Provident Fund Bye-Laws,1977
19. Final withdrawal of accumulations in the Fund.
When a subscriber quit; the service the amount standing to his credit in the Fund shall become payable to him :
Provided that a subscriber, who has been dismissed from the service and is subsequently reinstated in the service shall, if required to do so by the Board, repay any amount paid to him from the Fund in pursuance of this bye-law with interest thereon at the rate provided in Bye-law 12 in the manner provided in the proviso to Bye-law 20. The amount so repaid shall be credited to his account in the Fund.
A subscriber who is granted/refused leave shall be deemed to have quitted the service from the date of compulsory retirement or on the expiry of an extension of service.
A subscriber, other than one who is appointed on contract or one who has retired from service and is subsequently re-employed with or without a break in service, when he is transferred without any break in service to a new post under a State Government or in another department of the Central Government (in which he is governed by another set of Provident Fund Rules) and without retaining any connection with his former post. In such case, his subscriptions together with interest thereon shall be transferred
(a) to his account in the other Fund in accordance with the bye-laws of that Fund, if the new post is in another department of the Board, or
(b) to a new account under the State Government or Central Government concerned if the new post is under a State Government/Central Government if that Government consents, by general or special order, to such transfer of subscriptions and interest.
Note.-Transfers shall include cases of resignations from service in order to take up appointments in Central Government or under the State Government without any break and with proper permission of the Board; in cases where there has been a break in service it shall be limited to the joining time allowed to transfer to a different station. The same shall hold good in cases of retrenchments followed by immediate employment.
When a subscriber is transferred, without any break, to the service under a body corporate owned or controlled by Government, the amount of subscriptions, together with interest thereon, shall not be paid to him but shall be transferred, with the consent of that body to his new Provident Fund Account under that body. Transfer shall include cases of resignation from service in order to take up appointment under a body corporate owned or controlled by Government, without any break and with proper permission of the Board. The time taken to join the new post shall not be treated as a break n service if it does not exceed the joining time admissible to a Government servant on transfer from one post to another.
Note.-In terms of explanation III when a subscriber is transferred, without any break, to the service under a body corporate, owned or controlled by Government, the amour t of subscriptions together with the interest thereon is not paid to him but is transferred with the consent of that body to his new Provident Fund account under that body.
Interest in the type of cases mentioned above should be allowed in accordance with the provisions of Cl. (4) of Bye-law 12 as if the Board’s servant concerned quilted service.
In terms of these bye-laws interest on Provident Fund balances is allowed upto the end of the month preceding that in which the payment is made or upto the end of the sixth month from the month in which the accumulated amount became payable, whichever of these periods be less. It is, therefore, emphasised on the Administrative authorities that transfer of Provident Fund balance in such cases should be effected as early as possible
within a period of six months o
f the transfer of the person concerned.