GOVERNMENT SAVINGS BANKS ACT, 1873 [Act, No. 5 of 1873] [AS ON 1957] [28th January, 1873] PREAMBLE An Act to amend the law relating to Government Savings Banks. WHEREAS it is expedient to amend the law relating to the payment of deposits in Government Savings Banks; It is hereby enacted as follows:
View Complete Act List Judgments citing this sectionThis Act may be called the Government Savings Banks Act, Sch 1873. Local extent.- It extends to { Subs.by the A.O.1950, for "all the provinces of India" which had been subs.by the A.O.1948, for " the whole of British India ".} [the whole of India { The words " except the State of Jammu and Kashmir " which were subs.by Act 3 of 1951, for " except Part B States " omitted by Act 62 of 1956, s.and Sch.}]. { The commencement cl.rep. by Act 16 of 1874, s.1 and Sch., Pt.I.} { Ins. by Act 3 of 1951, s.3 and Sch.The original s.2 was rep.of Act 12 of 1873, s.1 and Sch., Pt.II.}
View Complete Act List Judgments citing this sectionThis Act shall not apply to any deposits made in the Anchal Savings Bank of the State of Travancore-Cochin, and, notwithstanding anything contained in this Act, any law in force in the State An immediately before the commencement of the Part B States (laws),.Act, 1951, (3 of 1951) relating to such deposits, shall continue to apply thereto as if that law had not been repealed.]
View Complete Act List Judgments citing this section.....of the deceased, from recovering from the person receiving the same the amount remaining in his hands after deducting the amount of all debts or other demands lawfully paid or discharged by him in due course of administration. Saving of right of creditor.- And any creditor or claimant against the estate of the deceased may recover his debt or claim out of the money paid under this Act, { The words " the said " rep.by Act 12 of 1891, s.2 and Sch., Pt.I.}2[***], { Rep.by s.2 of this Act.} to any person, and remaining in his hands unadministered, in the same manner and to the same extent as if the latter had obtained letters of administration of the estate of the deceased. ________________________ 1. Substituted for "Such payment" by the Government Savings Bank (Amendment) Act, 1959, w.e.f. 18-09-1959. 2. Words "Or Act No.26 of 1855" omitted by he Government Savings Bank (Amendment) Act, 1959, w.e.f. 18-09-1959.
View Complete Act List Judgments citing this sectionThe Secretary of any such Bank { Ins.by Act 16 of 1923, s.4.} [or any officer empowered1[under sub-section (4) of section 4A]] may take such security as he thinks necessary from any person2[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 ________________________ 1. Substituted for "under section 4" by the Government Savings Bank (Amendment) Act, 1959, w.e.f. 18-09-1959. 2. Substituted for "to whom he pays any money under section 4" by the Government Savings Bank (Amendment) Act, 1959, w.e.f. 18-09-1959.
View Complete Act List Judgments citing this sectionFor the purpose of ascertaining the right of the person claiming to be entitled as aforesaid, the Secretary of any such Bank { Ins.by Act 16 of 1923, s.4.} [or any officer empowered1[under sub-section 4 of section 4A] may take evidence on oath or affirmation according to the law { See the Indian Oaths Act, 1873 (10 of 1873).} for the time being relating to oaths and affirmations. Penalty for false statements.- Any person who, upon such oath or affirmation, makes any statement which is false, and which he either knows or believes to be false or does not believe to be true, shall be deemed guilty of an offence under section 193 of the Indian Penal Code.(45 of 1860). ________________________ 1. Substituted for "under section 4" by the Government Savings Bank (Amendment) Act, 1959, w.e.f. 18-09-1959.
View Complete Act List Judgments citing this sectionWhere the amount of the deposit belonging to the estate of a, deceased depositor does not exceed { Subs.by Act 17 of 1917, s.2, for " one thousand rupees ".} [three thousand rupees,] such amount shall be excluded in computing the fee chargeable, under the Court-fees Act, 1870, (7 of1870) on the probate, or letters of administration, or certificate (if any), granted in respect of his property{ 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).}: Provided that the person claiming such probate or letters or certificate shall exhibit to the Court authorized to grant the same a certificate of the amount of the deposit in any Government Savings Bank belonging to the estate of the deceased.Such certificate shall be signed by the Secretary of such Bank, and the Court shall receive it as evidence of the said amount.
View Complete Act List Judgments citing this section1[***] ________________________ 1.Section 9 and 11 omitted by he Government Savings Bank (Amendment) Act, 1959, w.e.f. 18 -09-1959. prior to omission section 9 and 11 stood as follows "9. Act not to apply to deposits belonging to estates of European soldiers or deserters.- Nothing hereinbefore contained applies to money belonging to the estate of any European officer, non-commissioned officer, or soldier dying in Government service in India, or of any European who, at the time of his death, was a deserter from the said service. 11. Legalization of like payments here to force made.- All payments of deposits heretoforce made to minors or their guardians by any Secretary of a Government Savings Bank shall be deemed to have been made in accordance with law."
View Complete Act List Judgments citing this sectionAny deposit made by, or on behalf of, any minor, may be paid to him personally, if he made the deposit, or to his guardian 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.
View Complete Act List Judgments citing this section1[***] ________________________ 1.Section 9 and 11 omitted by he Government Savings Bank (Amendment) Act, 1959, w.e.f. 18 -09-1959. prior to omission section 9 and 11 stood as follows "9. Act not to apply to deposits belonging to estates of European soldiers or deserters.- Nothing hereinbefore contained applies to money belonging to the estate of any European officer, non-commissioned officer, or soldier dying in Government service in India, or of any European who, at the time of his death, was a deserter from the said service. 11. Legalization of like payments here to force made.- All payments of deposits heretoforce made to minors or their guardians by any Secretary of a Government Savings Bank shall be deemed to have been made in accordance with law."
View Complete Act List Judgments citing this section