Section 3Definitional
Interpretation-clause
Full Text
Interpretation-clause.—In this Act—
"banker" includes any person acting as a banker and any post office savings bank.
Plain English Summary
This section defines the key terms used in the Act, specifically defining banker to include post office savings banks and anyone acting as a banker.
Key Legal Elements
- Provides interpretation/definitions for terms
- Defines banker to include post office savings banks
- Includes any person acting as a banker
Practical Note
The inclusion of post office savings banks extends the application of NI Act protections and liabilities to postal banking transactions.
हिंदी पाठ
निर्वचन-खंड।—इस अधिनियम में—
"बैंककार" के अंतर्गत बैंककार के रूप में कार्य करने वाला कोई भी व्यक्ति और कोई डाकघर बचत बैंक भी आता है।