(1) The committee, institution or officer who keeps the deposit will pay interest on the amount of savings deposited in accordance with section 40 at the rate of five hundred and five per annum and after two years from the date of depositing the savings and within five years from time to time or a lump sum of such interest. Will pay.
(2) The committee, institution or official who keeps the deposit can convert the compulsory financial savings amount accumulated in accordance with section 40 into cash as prescribed.