FINAL WITHDRAWAL OF ACCUMULATIONS IN THE FUND

When a subscriber quits the service, or retired or has proceeded on leave preparatory to retirement, or, if he is employed in a vacation department, on leave preparatory to retirement combined with vacation ; or while on leave, has been permitted to retire or been declared by a competent medical authority to be unfit for further service, the amount standing at his credit in the Fund shall, upon application made by him become payable to the subscriber :

On the death of a subscriber before the amount standing to his credit has become payable or where the amount has become payable, before payment has been made-

when the subscriber leaves a family:

• if a nomination made by the subscriber, the amount standing at his credit in the Fund or the part thereof to which the nomination relates shall become payable to his nominee or nominees in the proportion specified in the nomination;
• if no such nomination in favour of a member or members of the family of the subscriber subsists, or if such nomination relates only to a part of the amount standing at his credit in the Fund, the whole amount or the part thereof to which the nomination does not relate, as the case may be, shall, notwithstanding any nomination purporting to be in favour of any person or persons other than a member or members of his family, become payable to the members of his family in equal shares:

Provided that no share shall be payable to

• Sons who have attained legal majority
• Sons of a deceased son who have attained legal majority
• married daughters whose husbands are alive:
• married daughters of a deceased son whose husbands are alive.