(1) On an application to the accounts office in Form-1, the following types of accounts can be opened under the Scheme, namely:-
(a) Single Holder Type Account;
(b) Joint A- Type Account; and
(c) Joint B - Type Account.
(2) (a) A Single Holder Type Account may be opened by an adult for himself, or on behalf of a minor or a person of unsound mind of whom he is the guardian; or by a minor who has attained the age of ten years;
(b) Joint A- Type Account may be opened jointly in the names of upto three adults payable to all the holders jointly or to the survivor or survivors;
(c) Joint B-Type Account may be opened jointly in the name of upto three adults payable to any of the account holders or to the survivor or survivors.