{
  "url": "https://openlegislation.uk/national-savings-bank-amendment-no-4-regulations-2008/note",
  "json_url": "https://openlegislation.uk/national-savings-bank-amendment-no-4-regulations-2008/note.json",
  "legislation": "uksi/2008/3098",
  "legislation_title": "The National Savings Bank (Amendment) (No. 4) Regulations 2008",
  "legislation_url": "https://openlegislation.uk/national-savings-bank-amendment-no-4-regulations-2008",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations amend the National Savings Bank Regulations 1972 (“the Principal Regulations”) in order to change the operation of National Savings and Investments individual savings accounts (“NS&I ISAs”).\nRegulation 5 amends the Principal Regulations so that the procedures for making deposits to, and withdrawals from, NS&I ISAs in the Principal Regulations will not apply to NS&I ISAs for which terms and conditions may be set pursuant to section 9A(1) of the National Savings Bank Act 1971.\nRegulation 6 amends the Principal Regulations so that, from 6th April 2009, deposits to NS&I Cash ISAs may no longer be made by bank giro credit. Instead, the amendment clarifies that deposits may also be made by electronic transfer.\nRegulations 7 to 9 enable the Director of Savings to impose an upper limit of £2,000 on the amount which may be withdrawn in cash from an NS&I ISA on any one day and introduce a procedure for making such withdrawals by means of a cash payment advice with effect from 6th April 2009.\nA full regulatory impact assessment has not been produced for this instrument as it has no impact on the costs of business.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2008/3098/note",
    "retrieved_at": "2026-10-29T03:21:00.567345+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}