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<h1>Repeal and savings: repeal of prior savings enactments with continuity protections preserving deposits and instruments.</h1> The amendment repeals the Government Savings Certificates Act and the Public Provident Fund Act while providing transitional savings provisions that preserve continuity: actions, rules, notifications, instruments, certificates and deposits under the repealed enactments are to be treated as having been done under corresponding provisions of the amended Act; deposits and holdings are deemed to be deposits in the Savings Scheme; pending court proceedings continue subject to the new Act; and the repeal does not prejudice depositors' interests. A Schedule lists applicable existing and discontinued savings schemes.