The competent authorities at municipality/city/county levels shall, one month before any account applicants reach 18 years of age, notify them of the need to withdraw savings and settle their child and youth savings accounts by presenting proof pertaining to the usage of their savings.
The usage of savings, as set forth in the preceding paragraph, shall be limited to account applicants’ school enrollment, employment, occupational training, or business startup. After verifying that the usage of savings indicated in the proof presented by an account applicant conforms to the aforesaid limitations, the competent authorities at municipality/city/county levels shall request the central competent authority to proceed with savings withdrawal and settlement of the account applicant’s child and youth savings account. In case that no proof pertaining to the usage of savings is presented, the usage is found not to conform to the aforesaid limitations after verification, or the total amount of the self-deposits made by the account applicant does not equal or exceed the amount of the opening deposit allocated by the central competent authority, the competent authorities at municipality/city/county levels shall request the central competent authority to proceed with withdrawal of the self-deposits and interest as well as settlement of the account applicant’s child and youth savings account.
If any account applicant dies within ten years after their 18th birthday and therefore fails to withdraw savings and settle their child and youth savings account in accordance with the preceding two paragraphs, their legal representative at the time of opening of the account or any of their closest relatives may apply to withdraw the self-deposits and interest and settle the account. The competent authorities at municipality/city/county levels shall, after conducting a review and granting approval, request the central competent authority to do so.
If an account applicant, their legal representative, or any of their closest relatives fails to apply for withdrawal and account settlement in accordance with the preceding three paragraphs after the aforesaid obligees request to withdraw the self-deposits and interest in accordance with the latter part of Paragraph 2 or the preceding paragraph, or within ten years after the account applicant’s 18th birthday, the balance of the account applicant’s child and youth savings account will belong to the national treasury.

In the event that an account applicant dies, suffers serious illness, or has severe physical or mental disabilities before reaching 18 years of age, their legal representative or any of their closest relatives may apply to the competent authorities at municipality/city/county levels for savings withdrawal. The said competent authorities shall, after conducting a review and granting approval, request the central competent authority to proceed with withdrawal and account settlement.
The scope of serious illness and severe physical or mental disabilities, as set forth in the preceding paragraph, shall be announced by the central competent authority.
If the account applicant specified in the preceding article and the first paragraph herein dies, the savings thereof shall not become the estate left by the account applicant.

Should an account applicant apply to the competent authorities at municipality/city/county levels to be removed from the child and youth savings account, the said competent authorities shall, within one year from the date of application, appoint personnel to provide counseling. If the account applicant still decides to be removed from the account after the aforesaid period expires, only the self-deposits in the account and the interest incurred may be withdrawn, and the account applicant shall settle the account. The opening deposit, government disbursements, and interest incurred shall belong to the national treasury.

An account applicant shall not, less than three years after account settlement, apply to open another child and youth savings account.

An account applicant who no longer meets the criteria set out in Article 6 may retain their child and youth savings account and continue to deposit an amount same as the selected amount of self-deposits until they are required to settle their account in accordance with the Act, unless they apply to be removed from the account in accordance with Article 18.
The central competent authority shall, for the year from the day when the account applicant no longer meets the aforesaid criteria, continue to allocate government disbursements in accordance with Paragraph 1 of Article 13.
If an account applicant who no longer meets the criteria set out in Article 6 later meets any of the aforesaid criteria, the central competent authority shall, from the day when the account applicant meets the criteria and until the child and youth savings account is settled, allocate government disbursements in accordance with Paragraph 1 of Article 13.