Types of Benefit | Eligibility | Eligible Amount | Form | Documentary Support |
The purchase of site for construction of house | 5 Years of membership of the Fund (Minimum balance in member’s a/c should be Rs. 1000/-) * The purchase should be in favour of member or member & spouse. | l 24 months wages (Basic & DA) OR l Member’s own share of contribution + Company’s share of Contribution with interest thereon | No.31 | A declaration from the member that, dwelling site or dwelling house/flat or the house under construction is free from encumberances and the same is under the title of the member or the spouse (notification dated 25.2.2000) |
The Construction of House | 5 Years of membership of the Fund
(Minimum balance in member’s a/c should be Rs. 1000/-) * The purchase should be in favour of member or member & spouse. | l 36 months wages (Basic+DA) OR l Members own share of contribution + Company’s share of contribution with interest thereon | No.31 | A declaration from the member that, dwelling site or dwelling house/flat or the house under construction is free from encumberances and the same is under the title of the member or the spouse (notification dated 25.2.2000) |
The purchase of dwelling flat | 5 Year of membership of the Fund
(Minimum balance in member’s a/c should be Rs. 1000/-) * The purchase should be in favour of member or member & spouse. | l 36 months wages (Basic+DA) OR l Members own share of contribution + Company’s share of contribution with interest thereon | No.31 | A declaration from the member that, dwelling site or dwelling house/flat or the house under construction is free from encumberances and the same is under the title of the member or the spouse (notification dated 25.2.2000) |
Additions, Alterations or improvements to the dwelling house | 5 years from the date of completion of dwelling house | 12 months basic or members own share of contribution with thereon. | No.31 | |