https://www.taxtmi.com/acts?id=31887 The amendment replaces section 3 to define terms governing accounts, Government Savings Banks, Savings Schemes, authorised officers, depositor, guardian and minor. It authorises the Central Government to frame, amend or discontinue Savings Schemes and to alter the Schedule by notification, permitting notifications to set eligibility, terms, interest, deposit limits, withdrawals, loans and transfers. It also allows a minor above a specified minimum age to open and operate an account where a Scheme permits, and permits a guardian to operate accounts on behalf of minors until majority. en-us Thu, 01 Feb 2018 18:08:24 +0530 Fri, 02 Feb 2018 15:51:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31887 The amendment replaces section 3 to define terms governing accounts, Government Savings Banks, Savings Schemes, authorised officers, depositor, guardian and minor. It authorises the Central Government to frame, amend or discontinue Savings Schemes and to alter the Schedule by notification, permitting notifications to set eligibility, terms, interest, deposit limits, withdrawals, loans and transfers. It also allows a minor above a specified minimum age to open and operate an account where a Scheme permits, and permits a guardian to operate accounts on behalf of minors until majority. Act-Rules Bills Thu, 01 Feb 2018 18:08:24 +0530 https://www.taxtmi.com/acts?id=31887