Para 6.01 — GPF_MANUAL

TEMPORARY ADVANCE AND NON-REFUNDABLE ADVANCE Limitation of Advance: 6.01 The fund is designed solely for the protection of a subscriber’s family against his sudden death or if he survives till retirement, to provide him and his family with additional resources in his old age; anything which interferes with a subscriber’s normal accumulation detracts from these purposes and tends to defeat the true object of the fund. The rule for the grant of temporary advances from Provident Funds are to be strictly interpreted, so that the fund may not be regarded as a banking account. Sanctioning authorities ought to have no hesitation in resisting any attempt to use the fund as a cheap loan and in enforcing the altogether exceptional character of rules as a provision to meet urgent needs which could not ordinarily have anticipated. Every prudent married man, for example should be prepared to meet a certain demand upon his resources on account of doctor’s bill and it is only when the burden is exceptionally prolonged or the necessity unusually grave and sudden the he ought to think of making use of the Provident Fund for this object.