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Section 3: Opening of account

National Savings Recurring Deposit Scheme 2019Central Rules · 1873

(1) On an application in Form-1 to the accounts office, an account may be opened by-

(a) a single adult; or

(b) upto three adults jointly;

(c) a guardian on behalf of a minor or a person of unsound mind; or

(d) a minor who has attained the age of ten years, in his own name.

(2) An individual may have more than one account in his name or jointly with another.

88 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]

Where this provision sits

ActNational Savings Recurring Deposit Scheme 2019
Section3
Marginal noteOpening of account
JurisdictionCentral
StatusIn force as published by the source

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