3B. Deposit by minor
3B. Deposit by minor.—(1) A minor who has attained the age of ten years may open and operate an account in the Government Savings Bank, if so permitted under a Savings Scheme.
(2)
Subject to the provisions of sub-section (1), the guardian of a minor may open and operate an account on behalf of the minor, till he becomes a major.
Amendment notes (1)
- Subs w.e.f. 1-4-2018 . Subs. by Act 13 of 2018, s. 118, for section 3 (w.e.f. 1-4-2018).