Deposits begin to yield interest at three per cent per annum from one
florin upwards.
Interest begins from the 1^{st} or from the 16^{th} day of the month
which follows on the deposit and ends with the 15^{th} or with the last
day of the month which precedes the arrival of the notice of withdrawal
from the Post Office Savings Bank.
On December 31^{st} of each year the interest accruing will be added to
the capital and from that time it will, in like manner bear interest.
To each depositor, the Post Office Savings Bank sends at the close of
the year an interest-order, valid for two months with an announcement
of the amount of interest which has accrued to him for the year ending
December 31^{st}. The depositor must cause the amount of this interest
to be entered in his deposit-book within the prescribed two months, on
presentation of the interest order at some Receiving Office.
If a depositor has not within the time allowed caused the entry of the
capitalised interest to be effected as per order received, he does not
lose the interest, only he has to forward his book to the Post Office
Savings Bank for the purpose of having it entered there.
The determination of § 1480 of the general Civil Code according to
which claims on arrears of interest lapse after three years, do not
apply to the interest on deposits in the Post Office Savings Bank.
With reference to the lapsing of Post Office Savings Bank deposits the
general legal decisions are valid.
This lapsing will be arrested by any fresh deposit, by any fresh notice
or by any fresh entry of interest in the deposit-book.