P.O. S.B. Manual Vol. III - India Post

90T A B L EPeriod from the date of the certificate to the date of its encashment Amount payable inclusiveof interest (in rupees)1. 2 years and 6 months or more but less than 3 years 11952. 3 years or more but less than 3 years and 6 months 12563. 3 years and 6 months or more but less than 4 years 13054. 4 years or more but less than 4 years and 6 months 13825. 4 years and 6 months or more but less than 5 years 14396. 5 years or more but less than 5 years and 6 months 15347. 5 years and 6 months or more but less than 6 years 16028. 6 years or more but less than 6 years and 6 months 16729. 6 years and 6 months or more but less than 7 years 180010. 7 years or more but less than 7 years and 8 months 1883(12) Notwithstanding anything in rule 12 or in sub-rule (1), if a certificate purchased on orafter 1 st day of March, 2003 is encashed at any time after expiry of two years and six months from thedate of certificate, the amount payable inclusive of interest shall be as specified in the Table below fordenomination of Rs. 1000 and at a proportionate rate for any other denomination namely: -T A B L EPeriod from the date of the certificate to the date of its encashment Amount payable inclusive ofinterest (in rupees)1. 2 years and 6 months or more but less than 3 years 1170.512. 3 years or more but less than 3 years and 6 months 1207.953. 3 years and 6 months or more but less than 4 years 1267.194. 4 years or more but less than 4 years and 6 months 1310.805. 4 years and 6 months or more but less than 5 years 1355.906. 5 years or more but less than 5 years and 6 months 1435.637. 5 years and 6 months or more but less than 6 years 1488.498. 6 years or more but less than 6 years and 6 months 1543.309. 6 years and 6 months or more but less than 7 years 1649.1310. 7 years or more but less than 7 years and 6 months 1713.8211. 7 years and 6 months or more but less than 8 years 1781.0612. 8 years or more but less than 8 years and 7 months 1850.9313A. Post-maturity Intere st:- Where repayment of the amount, inclusive of interest, under rule12 has become due has not been made, interest shall be allowed on the amount due for a maximumperiod of two years from the date of maturity to the date of repayment of the amount subject to thefollowing conditions, namely:-(a) The interest shall be simple and shall be calculated at the rate applicable from time to timeto savings accounts of the type of single of joint account.(b) For the purpose of payment of interest, any part of the period which is less than onemonth shall be ignored.