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)]
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