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The 1[Authorised Officer] of 2[a Government Savings
Bank] may take such security as he thinks necessary from any person 3[to whom he pays any
money under sub-section (4) of section 4A] for the due administration of the money so paid,
and he may assign the said security to any person interested in such administration.
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1. Subs. by Act 13 of 2018, s. 116, for "Secretary" (w.e.f. 1-4-2018).
2. Subs. by s. 122, ibid., for certain words (w.e.f. 1-4-2018).
3. Subs. by Act 45 of 1959, s. 5, for "to whom he pays any money under section 4".