The National Savings Bank (Investment Deposits) (Limits) (Amendment) Order 1981

• Citation: S.I. 1981/108
• Sections: 2

Section 1

This Order may be cited as the National Savings Bank (Investment Deposits) (Limits) (Amendment) Order 1981, and shall come into operation on the day after the day on which it is made.

Section 2

The National Savings Bank (Investment Deposits) (Limits) Order 1977 shall be amended as follows:—

(a) in Article 3, by substituting for the sum “£50,000” the sum “£200,000” ;

(b) in Article 4, by substituting for paragraph (1) thereof the following paragraph:—

(1) Nothing in Article 3 of this Order shall operate to prevent—

(a) the receipt or crediting of any amount allowed by the National Savings Bank to a depositor by way of interest in respect of his investment deposit account;

(b) the receipt or crediting of any amount transferred from the investment deposit account of another depositor in the National Savings Bank who has died; or

(c) the crediting of any amount by the Director of Savings under Regulation 45 of the National Savings Stock Register Regulations 1976 .