Rule 6: Administration of funds vested in Central Board

Reviewed by Finin2min Editorial Desk · Last reviewed 30 August 2026

Rule 6 — Governs administration of funds vested in central board and the rights, duties, powers or procedure expressly stated in this rule. Key operative text: (1) The Central Board shall administer the funds vested in it in accordance with the guidelines issued by the Central Government.

Full notified rule textG.S.R. 344(E), 8 May 2026Source checked: 20 August 2026

Rule status

Social Security (Central) Rules, 2026 were finally notified under G.S.R. 344(E), 8 May 2026. The Central Rules must be read with the Code and any later amendment/corrigendum.

Official Gazette

Open the notified Rules ↗

Finin2min analysis — operative rule mechanics

Operative clauses

(1) The Central Board shall administer the funds vested in it in accordance with the guidelines issued by the Central Government.
(2) The Central Board for the efficient administration of the schemes may open as many accounts as it may consider necessary or as specified in the schemes.
(3) All moneys belonging to the funds shall be deposited in the Reserve Bank of India or the State Bank of India or in such other Scheduled Banks as may be approved by the Central Government from time to time or shall be invested as the Central Government may, by notification in the Official Gazette, Specify.
(4) All expenses incurred in respect of, and loss, if any, arising from any investment shall be charged to the funds.
(5) The funds, not including therein the administration account, shall not be expended for any purpose other than the payment of the sums standing to the credit of individual members of the funds or to their nominees or heirs or legal representatives in accordance with the provisions of respective schemes.

Provisos / explanations

No proviso/explanation was separately extracted from this rule.

Thresholds & timelines

No explicit day/month/year/hour/percentage/rupee expression was detected in this rule text.

Mapped Code sections

Section 4 Section 16

Full notified text — Rule 6

English rule text transcribed from the final official 2026 Gazette PDF; layout is normalised for web reading. The Gazette controls.

6. Administration of funds vested in Central Board.–(1) The Central Board shall administer the
funds vested in it in accordance with the guidelines issued by the Central Government.

 (2) The Central Board for the efficient administration of the schemes may open as many accounts as
it may consider necessary or as specified in the schemes.

(3) All moneys belonging to the funds shall be deposited in the Reserve Bank of India or the State
Bank of India or in such other Scheduled Banks as may be approved by the Central Government from
time to time or shall be invested as the Central Government may, by notification in the Official
Gazette, Specify.

 (4) All expenses incurred in respect of, and loss, if any, arising from any investment shall be charged
to the funds.

 (5) The funds, not including therein the administration account, shall not be expended for any
purpose other than the payment of the sums standing to the credit of individual members of the funds
or to their nominees or heirs or legal representatives in accordance with the provisions of respective
schemes.

(6) The funds shall be operated upon by such officers as may be authorised in this behalf by the
Central Board.

Application and evidence

Primary statutory test — (1) The Central Board shall administer the funds vested in it in accordance with the guidelines issued by the Central Government.
Additional operative limb — (2) The Central Board for the efficient administration of the schemes may open as many accounts as it may consider necessary or as specified in the schemes.
Code Section mapping — 4, 16. Read the mapped provision together with this text rather than treating the concordance as a substitute for it.
Evidence file — retain facts and records proving the role/status of: Central Government.

Cross-references & prescribed forms

Sections cited/mapped

Section 4 Section 16

Forms

No form is directly mapped in the current rule register.

Worked example

For a worker/member seeking a benefit connected with administration of funds vested in central board, the file should show coverage, service/contribution facts, the rule/scheme and prescribed form, and the calculation/payment. One statutory point to test is: “(1) The Central Board shall administer the funds vested in it in accordance with the guidelines issued by the Central Government.” Reconcile the mapped Code Section(s) 4, 16.

Illustrative only. Use the exact notified rule, prescribed form and competent authority.

Q&A — Rule 6

What is Rule 6 of the Social Security (Central) Rules, 2026?

What does Rule 6 require or permit?

A principal operative clause extracted from the notified rule is: “(1) The Central Board shall administer the funds vested in it in accordance with the guidelines issued by the Central Government.” Read it with all sub-rules and provisos below.

Does Rule 6 contain a proviso or explanation?

No standalone proviso or explanation was extracted from this rule text. Check the complete rule below for clause-level conditions.

What deadline, period, percentage or amount appears in Rule 6?

No explicit day/month/year/hour/percentage/rupee expression was detected in this rule text.

Which Code sections are linked to Rule 6?

The current concordance maps Rule 6 to Section(s) 4, 16.

When did Rule 6 come into force?

The final Central Rules were notified as G.S.R. 344(E), 8 May 2026; Rule 1 states that the Rules come into force on publication. Check any later amendment or corrigendum before reliance.

Primary sources

Social Security (Central) Rules, 2026 — official Gazette PDF ↗

Code on Social Security, 2020 — India Code ↗

Source check: 20 August 2026.

Jurisdiction note: This is the Central Rule corpus. Check State rules/notifications where the State Government is the appropriate Government and check later Gazette amendments before acting.