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Union of India - Section

Section 4 in National Savings Time Deposit Scheme, 2019

4. Type of Accounts.

(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.