274. Advance for purchase or construction of house.- (1) The Board may on application by a member, sanction an amount not exceeding fifty thousand rupees as advance for the outright purchase of a house or for the construction of house. The beneficiary shall along with the application in Form No.XXIX produce such documents as may be specified by the Board. (2) No advance under sub-rule (1) shall be sanctioned to those who do not have membership in the fund continuously for five years and having fifteen years service for superannuation. (3) A completion certificate shall be submitted to the secretary of the Board within six months from the date of drawal of advance. The amount sanctioned as advance shall be recovered in equal instalments as may be fixed by the Board. | 
