53. Withdrawal at the time of leave preparatory to retirement

53. Withdrawal at the time of leave preparatory to retirement,—

Notwithstanding anything contained in rules 50, 51 and 52 the trustees of the recognised provident fund may permit withdrawal of ninety per cent, of the amount standing at the credit of an employee if the employee takes leave preparatory to retirement, provided that if the rejoins duty on the expiry of his leave, he shall refund the amount drawn together with interest at the rate allowed by the fund.

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