Central Provident Fund Act 1953 · 2020 Revised Edition · Part 3 · Withdrawal of Contributions
16. Restrictions on withdrawal from medisave account
Feedback & supportLast amended by an amending law of 2021. 2 amendments in all.
A member of the Fund is not entitled to withdraw any sum standing to the credit of the member in the member’s medisave account under section 15(2)(a) or (3).
member of the Fund
“member of the Fund” or “member” means any person to whose credit any amount is standing in the Fund, or for whom any account in the Fund is maintained for any of the purposes of this Act;
A member of the Fund is not entitled to withdraw any sum standing to the credit of the member in the member’s medisave account under section 15AA(1), except with the Minister’s approval.
member
“member of the Fund” or “member” means any person to whose credit any amount is standing in the Fund, or for whom any account in the Fund is maintained for any of the purposes of this Act;
The Board must not allow a member of the Fund to withdraw any sum standing to the credit of the member in the member’s medisave account under section 15(4).
Board
“Board” means the Central Provident Fund Board constituted under section 3;