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[Cites 0, Cited by 0] [Section 3] [Entire Act]

Union of India - Subsection

Section 3(1) in Post Office Savings Account Scheme, 2019

(1)An account may be opened by making an application in Form-1 by the following:-
(a)a single adult;
(b)two adults jointly;
(c)a guardian on behalf of a minor;
(d)a guardian on behalf of a person of unsound mind;
(e)a minor who has attained the age of ten years, in his own name:
Provided that only one account can be opened by an individual as a single account:Provided further that an account under clause (e) can only be opened if an account under clause (c) does not exist in the name of the minor or vice versa.