Section 3:
Definitions.
1[3. Definitions.--In this Act, unless the context otherwise requires,--
(a) "account" means an account opened under any of the Savings Schemes;
(b) "administrator" means an administrator as defined in clause (a) of section 2 of the Indian
Succession Act, 1925 (39 of 1925);
(c) "Authorised Officer" means--
(i) in the case of a Post Office Savings Bank, an officer authorised by the Director General
Posts; and
(ii) in the case of State Bank of India or a banking company or any other company or
institution, an officer so authorised by State Bank of India or that banking company or that other
company or that institution, as the case may be;
(d) "banking company" means a banking company as defined in clause (c) of section 5 of the
Banking Regulation Act, 1949 (10 of 1949);
(e) "depositor" means an individual by whom, or on whose behalf money has been deposited in a
Government Savings Bank and deposit means the money so deposited;
(f) "executor" means an executor as defined in clause (c) of section 2 of the Indian Succession
Act, 1925 (39 of 1925);
(g) "Government Savings Bank" means--
(i) a Post Office Savings Bank; or
(ii) State Bank of India or a banking company, or any other company or institution, as the
Central Government may, by notification in the Official Gazette, specify for the purposes of this
Act;
(h) "guardian", in relation to a minor or a person of unsound mind means--
(i) either of the parents;
(ii) where neither parent is alive or where neither or the only living parent is incapable of
acting as such, a person entitled under the law for the time being in force to have the care of the
property of a minor or a person of unsound mind, as the case may be;
(iii) legal guardian appointed by a court;
(i) "minor" means a person who has not attained the age of majority under the Indian Majority
Act, 1875 (9 of 1875);
(j) "prescribed" means prescribed by rules made under this Act;
(k) "Savings Schemes" means the Government Savings Schemes, including Savings Certificates
and Public Provident Fund Scheme, listed in the Schedule;
(l) "Schedule" means the Schedule annexed to this Act.]
Notes:
1. Subs. by Act 13 of 2018, s. 118, for section 3 (w.e.f. 1-4-2018).