Law library · Sierra Leone · The Post Office Savings Bank (Rate of Interest) Order
Section 9, The Post Office Savings Bank (Rate of Interest) Order
Status not yet checkedThe Post Office Savings Bank (Rate of Interest) Order, Sierra Leone
(1) Deposits may be made by and in the name of: (a) A person of full age and not under legal disability;
(b) A married woman;
(c) A minor of seven years and upwards.
(d) Deposits may be made on behalf and in the name of
an infant under seven years of age by one of the parents of
such infant or by any other person.
(e) Deposits may be made by an illiterate who, on making
a declaration and in all cases in which the signature of the
depositor is required, must make his mark and thumb print in
the presence of a witness and attested by the signature of
that witness.
Post Office Savings Bank [Cap. 161 1247.
(j) Deposits may be made in the joint names of two or Joint
:more pesons entitled to make a deposit.
(g) Deposits may be made in the name of one person as Trustee
trustee for another person whose name shall also be entered accounts
in the title of the account.
(h) Deposits may be made by registered friendly societies.
(i) Deposits may be made by the duly appointed officers
or trustees of a charitable or other society, club or fund.
Friendly
societies.
Charitable
and other
societies.
(j) No person shall open in his own name more than one Duplicating
account in the Savings Bank or have any personal interest accounts.
in more than one account:
Provided that this paragraph of this sub-rule shall not
apply to-
(i) accounts opened by any person as trustee for
another person also named in the title of the account;_ or
(ii) accounts opened in accordance with sub-paragraphs
(g), (h) and (i) of this rule.
(2) Any person offending against sub-paragraph (j) of this
rule shall be liable to forfeit any amount deposited in contravention of this rule either as to the whole or to such portion thereof
as the Postmaster General may with the approval of the
Governor direct.
DEPOSITS.
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