LawgistThe Government Savings Promotion Act
10Payment of deposits to minor or guardian
Any deposit made by, 1[or on behalf of, a minor], may be paid to him personally, if he made the deposit, or to his guardian 2[for the use of such minor], if the deposit was made by any person other than the minor, together with the interest accrued thereon.
The 3[receipt of the minor] or guardian, for money paid to him under this section, shall be a sufficient discharge therefor.
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1. Subs. by Act 13 of 2018, s. 126, for d"or on behalf of, any minor" (w.e.f. 1-4-2018).
2. Subs. by s. 126, ibid., for "for his use" (w.e.f. 1-4-2018).
3. Subs. by s. 126, ibid., for "receipt of any minor" (w.e.f. 1-4-2018).
Deposits belonging to minors
