In force1985 Revised EditionCurrent version · 1985 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Post Office Savings Bank of Singapore Act · 1985 Revised Edition · Part V · Financial Provisions
38. General reserve fund
Feedback & supportThe balance of the revenue of the Bank in any financial year after deducting the expenses incurred for carrying out the purposes of this Act and such sums as the Bank may think fit in respect of bad debts, depreciation of assets and other contingencies shall be applied for the creation of a general reserve fund or such other reserves or other capital fund as the Bank may consider appropriate. [37
Bank
Defined · s 2
“Bank” means the Post Office Savings Bank of Singapore established under section 3;