(1) Subject to thejpravisions of sub-section (2), every amount credited to the Deposit Accounts shall be repayable with interest due thereon,— Repayment of depositB,
(a) in the case of an amount credited to the Additional Wages Deposit Account, at any time after the expiry of one year from the appointed day; and
(b) in the case of an amount credited to the Additional Dearness Allowance Deposit Account at any time after the expiry of two years from the appointed day:
Provided that nothing in this section shall prevent earlier repayment of any amount credited to either of the Deppsit Accounts with interest due thereon in any case in which the authority empowered to make such repayment is satisfied that extreme hardship will be caused unless such repayment is made:
Provided further that an employee may, at his option, retain the whole or any part of the amount credited in relation to him in the Additional Wages Deposit Account or the Additional Dearness Allowance Deposit Account, or bo<th, until hia superannuation or until such date as may be specified by the Central Government in this behalf:
Provided also that the whole of the amount standing to the credit of an employee in either or both of the Deposit Accounts shall be repaid to him on his superannuation or resignation from office or if he ceases to be in the service of the employer by whom the amount was credited to the Deposit Account.
SEC. 1] THE GAZETTE OF INDIA EXTRAORDINARY 481
(2) The aggregate amount credited to any Deposit Account by or in relation to an employee shall be repaid to the employee in five equal annual instalments commencing from the expiry of one year or two years, aa the case may be, from the appointed day, together with interest due on unpaid instalment or instalments.