Withdrawal from approved bank
7.  A member who has deposited the additional sum in any account with an approved bank and who attains the retirement age of 60 or 62 years, as the case may be, is entitled to withdraw from the additional sum deposited in each account with the approved bank (until the additional sum is exhausted or the member dies, whichever is the earlier) a minimum monthly sum not below —
(a)a sum calculated in accordance with the following formula:
(b)the subsistence amount,
whichever is the higher.