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Union of India - Section

Section 31 in State Bank of India Employees Provident Fund Regulations, 2015

31. Option of withdrawal in the event of leave preparatory to retirement.

- Members on leave preparatory to retirement may at their option withdraw up to 90 per cent. of the balances at their credit in the Fund, but if the member does not eventually retire, the full amount withdrawn must be refunded as a condition of continued employment.