The National Savings Bank (Amendment)Regulations 1991

• Citation: S.I. 1991/72
• Sections: 2

Section 1 Citation and commencement

These Regulations may be cited as the National Savings Bank (Amendment) Regulations 1991 and shall come into force on 11th February 1991.

Section 2 Amendment of principal Regulations

The National Savings Bank Regulations 1972 shall be amended by substituting the following for regulation 43 –

(43) For the purpose of section 5 of the National Savings Bank Act 1971 (which relates to the calculation of interest on ordinary deposits), and without prejudice to section 7 of that Act (which relates to the withdrawal of deposits), money deposited by way of ordinary deposit and withdrawn under and in accordance with these Regulations shall, where payment is made by warrant, be deemed to have been withdrawn on the date appearing on the warrant, such date to be no earlier than the date on which the warrant is posted.