Provident Fund to be deposited in government Treasury

(1) Where the University has established provident fund for the benefit of its officers, teachers and other servants under section 51 such fund shall not with standing anything, contained in any law for the time being in force, be deposited in the State Government Treasury in accordance with such directions as the State Government may, from time to time by an order in written give and Thereupon -- (a) the subscriber to the fund shall be entitled interest on the balance in his provident fund account at the same rate, at which the State Government servant is for the time being entitled to on the balance of his provident fund account and (b) the rules for the time being in force relating to the limits of withdrawals from the provident fund applicable to such Government servant shall, so as may be, apply to the subscriber. (2) Nothing in the section shall apply to a Provident Fund established by the University to which the Employee Provident Found and Miscellaneous Provisions Act, 1952 (central Act. No. 19 of 1952) applies.