Section 64: Provisions Concerning Withdrawal of Amount and Operation of Accounts

1) In case any member desires to get back the money withdrawn from the membership of the Cooperative Organisation, his or her liabilities, if any, have to be paid, and the remaining amount shall be refunded within three months of the date of such payment of liabilities.

2) In case any member demands to withdraw the savings he/she has deposited in a Cooperative Organisation, his or her liabilities, if any, are deducted and the remaining amount shall be refunded to him or her.

3) A Cooperative organisation may operate all types of savings accounts.