https://www.taxtmi.com/acts?id=32121 The substituted provisions redefine key terms governing Government Savings Banks and Savings Schemes, and empower the Central Government to frame, amend or discontinue Savings Schemes by notification. Notifications may set eligibility, deposit terms, interest calculation and payment, deposit limits, premature closure, loans against deposits, transfers and other scheme specific provisions. Where permitted by a Savings Scheme, a minor of the prescribed age may open and operate an account, and otherwise a guardian may open and operate an account on the minor's behalf until majority. en-us Mon, 19 Mar 2018 16:18:00 +0530 Sat, 31 Mar 2018 16:55:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32121 The substituted provisions redefine key terms governing Government Savings Banks and Savings Schemes, and empower the Central Government to frame, amend or discontinue Savings Schemes by notification. Notifications may set eligibility, deposit terms, interest calculation and payment, deposit limits, premature closure, loans against deposits, transfers and other scheme specific provisions. Where permitted by a Savings Scheme, a minor of the prescribed age may open and operate an account, and otherwise a guardian may open and operate an account on the minor's behalf until majority. Act-Rules F. Acts / Amendment Acts Mon, 19 Mar 2018 16:18:00 +0530 https://www.taxtmi.com/acts?id=32121