Section 17: Refund to a contributor after retirement from office, etc.

Any contributor who has not obtained a housing loan from the bank and has-(a) attained the age of 60 years; or
(b)
retired from his employment and becomes incapable of continuing the contribution to the Fund as specified in this Act,
shall be eligible to a refund of his contribution within three months of the application at the rate of interest prescribed by the Minister.