NSC VIII Scheme account types: Single, Joint A, Joint B with specific eligibility and payment rules. Accounts are opened on application to the accounts office in Form-1 and may be Single Holder, Joint A, or Joint B. Single Holder accounts may be opened by an adult for self, by an adult as guardian for a minor or person of unsound mind, or by a minor aged ten or over. Joint A accounts (up to three adults) are payable to all holders jointly or to the survivor(s). Joint B accounts (up to three adults) are payable to any account holder or to the survivor(s).
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
NSC VIII Scheme account types: Single, Joint A, Joint B with specific eligibility and payment rules.
Accounts are opened on application to the accounts office in Form-1 and may be Single Holder, Joint A, or Joint B. Single Holder accounts may be opened by an adult for self, by an adult as guardian for a minor or person of unsound mind, or by a minor aged ten or over. Joint A accounts (up to three adults) are payable to all holders jointly or to the survivor(s). Joint B accounts (up to three adults) are payable to any account holder or to the survivor(s).
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.