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of <h1>Section 3 Amendment: 'Depositor' Redefined in Government Savings Banks Act, 1873 to Mean 'Individual' Post-Finance Bill, 2005.</h1> In the Government Savings Banks Act, 1873, section 3 is amended to redefine the term 'depositor.' The amendment specifies that from the date the Finance Bill, 2005 receives presidential assent, the term will replace 'a person' with 'an individual.' This change clarifies that the provisions apply specifically to individuals rather than any broader category of persons.
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