The Prevention of Money-Laundering Act, 2002
29. Term of office.-
The Chairperson and every other Member shall hold office as such for a term of five years from the date on which he enters upon his office: Provided that no Chairperson or other Member shall hold office as such after he has attained,-
a. in the case of the Chairperson, the age of sixty-eight years;
b. in the case of any other Member, the age of sixty-five years.