Rule 15: Investment of Employees’ State Insurance Fund or any other money held by Corporation
Reviewed by Finin2min Editorial Desk · Last reviewed 30 August 2026
Rule 15 — Governs investment of employees’ state insurance fund or any other money held by corporation and the rights, duties, powers or procedure expressly stated in this rule. Key operative text: - (1) The Corporation shall invest the Employees‘ State Insurance Fund vested in it in accordance with the guidelines issued by the Central Government.
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.
Finin2min analysis — operative rule mechanics
Operative clauses
- - (1) The Corporation shall invest the Employees‘ State Insurance Fund vested in it in accordance with the guidelines issued by the Central Government.
- (2) The Corporation for the efficient administration of the scheme may open as many accounts as it may consider necessary or as specified in the scheme.
- (3) All expenses incurred in respect of and loss, if any, arising from any investment shall be charged to the Employees‘ State Insurance Fund and the profit, if any from the sale of any investment shall also accrue to the Employees' State Insurance Fund.
- Provided that if such variation, transposition or realisation is likely to result in a loss, the prior approval of the Central Government shall be obtained.
- Explanation. — The approval of the Central Government shall not be required merely on the ground that the value of the security on its maturity is less than the price at which it was purchased.
Provisos / explanations
- Provided that if such variation, transposition or realisation is likely to result in a loss, the prior approval of the Central Government shall be obtained.
- Explanation. — The approval of the Central Government shall not be required merely on the ground that the value of the security on its maturity is less than the price at which it was purchased.
Thresholds & timelines
- No explicit day/month/year/hour/percentage/rupee expression was detected in this rule text.
Mapped Code sections
Full notified text — Rule 15
15. Investment of Employees' State Insurance Fund or any other money held by Corporation. -
(1) The Corporation shall invest the Employees‘ State Insurance Fund vested in it in accordance with
the guidelines issued by the Central Government.
(2) The Corporation for the efficient administration of the scheme may open as many accounts as it
may consider necessary or as specified in the scheme.
(3) All expenses incurred in respect of and loss, if any, arising from any investment shall be charged
to the Employees‘ State Insurance Fund and the profit, if any from the sale of any investment shall
also accrue to the Employees' State Insurance Fund.
(4) Any investment made under this rule may, subject to the provisions of sub-rule (1), be varied,
transposed or realised from time to time:
Provided that if such variation, transposition or realisation is likely to result in a loss, the prior
approval of the Central Government shall be obtained.
Explanation. — The approval of the Central Government shall not be required merely on the
ground that the value of the security on its maturity is less than the price at which it was purchased.
(5) The Central Government may, at any time, direct the vacation in part or in whole, or prohibit
investment in any security or class of securities or any land or building.
(6) All dividends, interest or other sums received in respect of any investment shall, as soon as
possible after receipt, be paid into or credited to the account of the Employees' State Insurance Fund.Application and evidence
- Primary statutory test — - (1) The Corporation shall invest the Employees‘ State Insurance Fund vested in it in accordance with the guidelines issued by the Central Government.
- Additional operative limb — (2) The Corporation for the efficient administration of the scheme may open as many accounts as it may consider necessary or as specified in the scheme.
- Qualification / exception to test — Provided that if such variation, transposition or realisation is likely to result in a loss, the prior approval of the Central Government shall be obtained.
- Code Section mapping — 25, 27. 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: Employee / worker, Central Government, Corporation / EPFO / Board.
Cross-references & prescribed forms
Sections cited/mapped
Forms
No form is directly mapped in the current rule register.
Worked example
For a worker/member seeking a benefit connected with investment of employees’ state insurance fund or any other money held by corporation, 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 Corporation shall invest the Employees‘ State Insurance Fund vested in it in accordance with the guidelines issued by the Central Government.” Also test the express qualification/proviso before concluding the result. Reconcile the mapped Code Section(s) 25, 27.
Illustrative only. Use the exact notified rule, prescribed form and competent authority.
Q&A — Rule 15
What is Rule 15 of the Social Security (Central) Rules, 2026?
Rule 15 — Governs investment of employees’ state insurance fund or any other money held by corporation and the rights, duties, powers or procedure expressly stated in this rule. Key operative text: - (1) The Corporation shall invest the Employees‘ State Insurance Fund vested in it in accordance with the guidelines issued by the Central Government.
What does Rule 15 require or permit?
A principal operative clause extracted from the notified rule is: “- (1) The Corporation shall invest the Employees‘ State Insurance Fund vested in it in accordance with the guidelines issued by the Central Government.” Read it with all sub-rules and provisos below.
Does Rule 15 contain a proviso or explanation?
Yes. One extracted qualification is: “Provided that if such variation, transposition or realisation is likely to result in a loss, the prior approval of the Central Government shall be obtained.”
What deadline, period, percentage or amount appears in Rule 15?
No explicit day/month/year/hour/percentage/rupee expression was detected in this rule text.
Which Code sections are linked to Rule 15?
The current concordance maps Rule 15 to Section(s) 25, 27.
When did Rule 15 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.