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

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maturity of the certificate to:-(a) Encash the certificate; or(b) Sub-divide the certificate in appropriate denominations in favour of individual nomineesor two adult nominees jointly.(2) For the purpose of sub-rule (1), the surviving nominee or nominees shall make an applicationto the Postmaster of the office of registration, supported by proof of death of the holder and of deceasednominee or nominees, if any.(3) If there are more nominees than one, all the nominees shall give a joint discharge of thecertificate at the time of receiving the payment or sub-division.104Note:- When there is a nomination in favour of single nominee or two adult nominees, the postoffice of registration may, on an application made in that behalf, issue a fresh certificate in the name ofsuch nominee or nominees jointly as the case may be.23. Conversion from one denomination to another: - (1) Certificates of lower denominationmay be exchanged for a certificate or certificates of higher denomination of the same aggregate facevalue or a certificate of higher denomination may be exchanged for the certificates of lowerdenomination of the same aggregate face value;Provided that certificates bearing different dates shall not be combined for beingexchanged for certificate or certificates of higher denomination.(2) The date of the certificate or certificates issued in exchange shall be the same as thatof the original certificate or certificates surrendered and not the date on which the exchange is made.24. Income -tax:- Interest on these certificates shall liable to tax under the Income-tax, 1961(43 of 1961) on the basis of the annual accrual specified in rule 15 but no tax shall be deducted at thetime of payment of discharge value.25. Fees:- (1) A fee of rupees five shall be chargeable in respect of the following transactionsnamely:-(i) transfer of certificates from one person to another other than a transfer from the holder toa court of law;(ii) issue of duplicate certificate under rule 13(iii) issue of certificate of discharge under rule 18.(iv) conversion from one denomination to another under rule 23.Explanation:- The fee to be charged for a conversion under clause (iv) shall be based on the number ofcertificates required to be issued on such conversion.(2) A fee of rupee five shall be chargeable on every application for registration ofnomination or of any variation in nomination or cancellation thereof.Provided that no fee shall be charged on an application for registration of the firstnomination.26. Responsibility of the Post Office:- The Post Office shall not be responsible for any losscaused to a holder by any person obtaining possession of a certificate and fraudulently encashing it.27. Rectification of mistakes:- The Department of Posts or the Postmaster General or heads ofPostal Divisions in their respective jurisdictions, may either suo moto or upon an application by anyperson interested in any certificate issued in pursuance of these rules, rectify any clerical or arithmeticalmistake with respect to that certificate, provided that it does not involve any financial loss to theGovernment or to any such person.
28. Power to relax:- Where the Centra l Government is satisfied that the operation of any ofthe provisions in these rules causes undue hardship to the holder of a certificate, it may, by order, forreasons to be recorded in writing, relax the requirements of that provision in a manner not inc onsistentwith the provisions of the Act.
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POST OFFICE SAVINGS BANK MANUALVOLU
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1CHAPTER-1THE GOVERNMENT SAVINGS BA
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emaining in his hand unadministered
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5CHAPTER-2THE GOVERNMENT SAVINGS CE
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minor, or where neither parent is a
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eing in force other than this Act o
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1. Short title and commencement:- (
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6. Withdrawal:- (1) Withdrawal from
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sub-rules (2) to (4).(2) (a) If a n
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16F O R M -1[See Rule 3, 12 (1) and
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17(SB-55)F O R M -2[See rule 12(1),
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18CHAPTER -5THE POST OFFICE SAVINGS
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(e) An authoritycontrolling aProvid
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3. PensionAccountA pensioner,being
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from the first day of the month in
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24C H A P T E R-6THE PO ST OFFICE R
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datesinclusive)From 1.5.1971 to 31.
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(2) Notwithstanding anything contai
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month of repayment irrespective of
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Five years 1207.40Note 1:- The amou
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32T A B L E -13[See Rule 10]Amount,
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Note:- The amount repayable on an a
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Note : - The amount shall be propor
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28 308.55 53 651.7029 320.65 54 666
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28 306.70 53 644.1029 318.65 54 658
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29 314.66 54 643.2330 326.41 55 657
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(a) A-type, that is to say,payable
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7. Interest:- (1) The deposit shall
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44T A B L E -G[For deposits made on
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(a) No deposit shall be withdrawn b
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12. Repeal and saving:- (1) The Pos
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(2) Where deposit is made by cheque
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51CHAPTER-9THE SENIOR CITIZENS SAVI
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(4) Nomination facility shall be av
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continue the account on the same te
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5512. Account opened in contraventi
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depositorpayable.1 2 3 4 5Photograp
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* Score out whichever is not applic
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3. I shall close the account immedi
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60FORM-D(See sub-rule (1) of rule 3
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61ReceivedRs…………………..
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Received a sum of Rs……………
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Signature / Thumb impression of the
Page 95 and 96: 65ANNEXURE-II TO FORM - F(Affidavit
Page 97 and 98: 67FORM - G(See rule 11)Serial No…
Page 100 and 101: 69CHAPTER-10THE PUBLIC PROVIDENT FU
Page 102 and 103: satisfying itself that the amount o
Page 104 and 105: eceipt of application in Form G in
Page 106 and 107: Name of Accounts Public Provident F
Page 108 and 109: Subscriber/guardian
Page 110 and 111: 77FORM -E[See sub-paragraph (1) of
Page 112 and 113: Date………………………..
Page 114 and 115: @ To be produced by legal heirs, in
Page 116 and 117: 81ANNEXURE-II TO FORM - G(Affidavit
Page 118 and 119: 83FORM - H(See Sub-paragraph (3A) o
Page 120 and 121: 7. Procedure for purchase of certif
Page 122 and 123: (3) Notwithstanding anything contai
Page 124 and 125: Period from the date of the certifi
Page 126 and 127: 90T A B L EPeriod from the date of
Page 128 and 129: nominee3. I/We hereby agree to abid
Page 130 and 131: Identity SlipSpecimen signature of
Page 132 and 133: Address (2)NB : In the case of illi
Page 134 and 135: Post Office.Orders of the Postmaste
Page 136 and 137: (2) (a) A Single Holder Type Certif
Page 138 and 139: (c) a corporation or a Government c
Page 140 and 141: First year 12.40Second year 13.90Th
Page 142 and 143: to the amount specified in the Tabl
Page 144 and 145: Period from the date of the certifi
Page 148 and 149: 105FORM 1[See Rule 6]FORM OF APPLIC
Page 150 and 151: 107FORM 3DEPARTMENT OF POSTS[See Ru
Page 152 and 153: 108CHAPTER-13THE POST OFFICE SAVING
Page 154 and 155: 1093. Denomination in which certifi
Page 156 and 157: (v)a certificate purchased by a pro
Page 158 and 159: 11216. Transfer of certificate from
Page 160 and 161: No…………….. dated……….
Page 162 and 163: 11522. When Encashable:- (1) Except
Page 164 and 165: 11628. Rights of nominees:- (1) In
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P.O. S.B. Manual Vol. III - India Post

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