Central Provident Fund Act 1953 · 2020 Revised Edition · Part 3 · Withdrawal of Contributions
15A. Restrictions on withdrawals to ensure repayment of approved loan
Feedback & supportLast amended by an amending law of 2023. 2 amendments in all.
Despite anything in sections 15, 15AA and 15AB, a member of the Fund is not entitled to withdraw from the Fund any sum standing to the member’s credit under section 15(2)(b) or 15AA(1) unless the Board is satisfied that all moneys lent to the member pursuant to any approved loan scheme within the meaning of section 14A and which have been paid into the Fund under section 14A(2) for the benefit of the member, together with any interest and other charges which the member is liable to pay to the Government under the terms and conditions of the loan, have been repaid to the Government.
member of the Fund
“member of the Fund” or “member” means any person to whose credit any amount is standing in the Fund, or for whom any account in the Fund is maintained for any of the purposes of this Act;