Section 4: Type of Accounts

National Savings Time Deposit Scheme 2019Central Rules · 1873

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

(i) a single adult;

(ii) upto a maximum of three adults in joint names;

(iii) a minor who has attained the age of ten years;

(iv) a guardian on behalf of a minor or a person of unsound mind.

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

Where this provision sits

Act	National Savings Time Deposit Scheme 2019
Section	4
Marginal note	Type of Accounts
Jurisdiction	Central
Status	In force as published by the source

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