The Government Savings Promotion Act, 1873

The Government Savings Promotion Act, 1873 is a law in India that regulates the promotion of savings by citizens. The act establishes rules and regulations for the operation of various government savings schemes and outlines the duties and responsibilities of the government in promoting such schemes. It provides for the creation of a National Savings Institute and outlines its functions and powers. The act also provides for the establishment of a Post Office Savings Bank and outlines its functions and powers. The Government Savings Promotion Act, 1873 is an important legislation that aims to promote a culture of saving and investment among the citizens of India.