If an individual who has a domicile in Japan and who falls under the category of an elderly person or similar person as of April 1, 1988 holds postal savings deposited before that date (excluding ordinary postal savings prescribed in Article 7, paragraph (1), item (i) of the Postal Savings Act (Act No. 144 of 1947)) which, on the day before that date, fall under the main clause of Article 9-2, paragraph (1) of the Income Tax Act prior to amendment by the provisions of Article 2 (hereinafter referred to as "the former Income Tax Act"), and, during the period from April 1, 1988 to the day on which the individual, on or after that date, first receives payment of interest on those postal savings (limited to interest to be received on or after that date) (or to March 31, 1989, if that day is after March 31, 1989, or, if on or after April 1, 1988 and before either of these days the individual deposits postal savings for which the individual seeks to apply the provisions of Article 9-2, paragraph (1) of the new Income Tax Act at a handling post office prescribed in that paragraph, to the day on which the individual first makes such a deposit), submits the application for tax-exempt postal savings prescribed in that paragraph to that handling post office and, at the time of that submission, presents the documents prescribed in paragraph (2) of that Article, gives notice in a manner equivalent to that provided for in that paragraph, and receives a seal of verification, then, with respect to that interest, the provisions of that Article apply by deeming those postal savings to have been deposited at that handling post office on April 1, 1988, and deeming that application to have been submitted on that date, respectively.