In exercise of the power conferred by Section 3 of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following scheme, namely:-
(1) In this scheme, unless the context otherwise requires.
(2) Words and the expressions used herein but not defined shall have the meanings respectively assigned to them in the Act and the General Rules.
Provided that more than two accounts may be opened in a family if such children are born in the first or in the second order of birth or in both, on submission of an affidavit by the guardian supported with birth certificates of the twins/triplets regarding the birth of such multiple girl children in the first two orders of birth in a family:
Provided further that the above proviso shall not apply to girl child of the second order of birth, if the first order of birth in the family results in two or more surviving girl children.
Provided that the deposit in excess of one lakh fifty thousand rupees in any financial year, if accepted due to any accounting error, shall not be eligible for any interest and be returned immediately to the depositor.
Provided that an account under default may be regularised any time till completion of a period of fifteen years from the date of opening of account on payment of a penalty of fifty rupees for each year of default along with the minimum annual deposit in respect of the defaulted years.
Provided that no premature closure of an account under this sub-paragraph shall be made before completion of five years from the date of opening of the account.
Provided that such withdrawal shall be allowed after the account holder attains the age of eighteen years or has passed tenth standard, whichever is earlier.
Provided that the amount of withdrawal shall be restricted to the actual requirement on account of fee and other charges required at the time.
Provided that no such closure shall be allowed before one month from the date of the intended marriage or after three months from the date of marriage.