Postal and Telecommunications Services Act, 1983

Post Office Savings Bank cheques, warrants and other documents.

106.—(1) Every cheque, warrant, order, power of attorney or other document executed by the company in relation solely to the business of the Savings Bank shall be exempt from stamp duty.

(2) Declarations, deposit books, acknowledgements, notices of withdrawal, warrants and all documents and correspondence relating to the business of the Savings Bank and passing between the company and any person within the State or from the company to any depositor with the Savings Bank outside the State may be transmitted free of any charge for postage.

(3) The company shall be entitled to be recouped out of the Savings Bank's funds for the loss of postage which it incurs by reason of subsection (2).