Government Savings Banks Act : Payment of deposits to minior or guardian Indian Bare Acts :

Government Savings Banks Act,1873

Act No : 5

Section : Payment of deposits to minior or guardian

10.Payment of deposits to minior or guardian. Any deposit made by, or on behalf of, any minor, may be paid to him personally, if he made the deposit, or to his guardian --------------------------------------------------------------------- 1 Subs. by Act 45 of 1959, s. 5, for "to whom he pays any money under section 4 ". 2 Ins. by Act 16 of 1923, s. 4. 3 Subs. by Act 45 of 1959, s. 6, for "under section 4 4 See the Indian Oaths Act, 1873 (10 of 1873). 5 Subs. by Act 17 of 1917, s, 2, for " one thousand rupees 6 Cf. the Savings Bank Act, 1828 (9 Geo. 4, c. 92), s. 40, now rep. by the Savings Banks Act, 1863 (26 and 27 Vict., c. 87). --------------------------------------------------------------------- 4A for his use, if the deposit was made by any person other than the minor, together with the interest accrued thereon. The receipt of any minor or guardian, for money paid to him under this section, shall be a sufficient discharge therefor.