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

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11(q) ‘Relevant Sub Savings Bank’ in a relation to an account, means the Sub Savings Bank inwhich the account stands or to which the Savings Bank where the account stands, is subordinate;(r) ‘Savings Account’ means an account opened under the Post Office Savings Bank Rules, 1881or under the Post Office Savings Bank Rules, 1965 or under the Post Office Savings AccountRules, 1981.(s) ‘Savings Certificate’ means a certificate issued under the Government Savings CertificatesAct, 1959 (46 of 1959);(t) ‘Single Account’ means an account opened by or on behalf of an individual person in hisname;(u) ‘Sub Savings Bank’ means a Sub Post Office which is functioning also as a Savings Bankand includes a Head Post Office declared by the Director General Posts to be a Sub Savings Bankbut does not include Extra Departmental Sub Savings Bank;(v) ‘Time Deposit Account’ means an account opened under an Post Office (Time Deposit)Rules, 1970 or under the Post Office Time Deposit Rules, 1981.3. Opening of an account:- (1) A depositor desiring to open an account in a Post Office SavingsBank may make an application to it in Form-1.(2) Non-Resident Indians (NRIs) are not eligible to open an account in a Post Office SavingsBank;Provided that if a resident who opened an account in any Post Office Savings Bank, subsequentlybecomes Non Resident Indian during the currency of the maturity period, may continue such account tillits maturity on a Non Repatriation Basis.4. Place of Deposit:- (1) In the case of an account standing at a Head Savings Bank, a deposit maybe made at the Head Savings Bank or at any of its Sub Savings Banks.(2) In the case of an account standing at a Sub Savings Bank, a deposit may be made at the SubSavings Bank or at the relevant Head Savings Bank or at any of its Sub Savings Banks.(3) In the case of an account standing at an Extra Departmental Sub Savings Bank, a deposit maybe made at the Extra Departmental Sub Savings Bank or at the relevant Sub Savings Bank.(4) In the case of an account standing at a Branch Savings Bank, a deposit may be made at theBranch Savings Bank or at the relevant Head Savings Bank or Sub Savings Bank.5. Mode of Deposit:- (1) Deposit in a Post Office Savings Bank may be made (i) in cash (ii) bycheque or a demand draft drawn in favour of the depositor or the Postmaster and crossed generally orspecially in favour of the Post Office Savings Bank or (iii) by surrender of Indian Postal Orders orPostal Orders issued by British authorities, and deposit may also be made by means of:-(a) a pay order;(b) an income-tax ref und voucher or income tax refund order;(c) an interest warrant issued by the Reserve Bank of India on Defence Deposit Certificate orinstallment of an Annuity Certificate;(d) withdrawal or discharge of any amount payable on an account or savings certificate held bythe depositor.(e) Dividend warrants, interest warrants and refund orders issued by the companies/financialinstitutions.(2) Each deposit shall be accompanied by a pay-in-slip in the manner prescribed and thecounterfoil of the pay-in-slip shall be returned to the tendered duly receipted.(3) Except as specified in the Post Office Cumulative Time Deposit Rules, 1981 and the PostOffice Recurring Deposit Rules, 1981, the date of credit in an account of money deposited by the chequeor other instrument shall be the date of its encashment and not the date of its presentation.(4) Where a deposit is made by means of an outstation cheque or instrument, collection charges atthe prescribed rate shall be payable along with the deposit.
6. Withdrawal:- (1) Withdrawal from an account at a Sub Savings Bank, an Extra DepartmentalSub-Savings Bank or Branch Savings Bank is subject to the availability of funds.(2) No withdrawal except to the extent of the amount prescribed shall be allowed from ExtraDepartmental Sub-Savings Bank or a Branch Savings Bank without prior sanction of the relevant HeadSavings Bank or the relevant Sub-Savings Bank, as the case may be.(3) In the case of an account standing at Extra Departmental Sub-Savings Bank or a BranchSavings Bank, withdrawal may also be made from the relevant Head Savings Bank to the extent of theamount actually credited to the account in such Head of Sub Savings Bank.12(4) In the case of an account opened on behalf of a minor or a person of unsound mind, awithdrawal during the minority or lunacy of the depositor shall be permitted to-(a) the guardian, or(b) where the person of unsound mind is confined in a mental hospital, the superintendent of suchhospital.on furnishing a certificate in the follow ing form:-“Certified that the amount sought to be withdrawn is required for the use ofShri/Smt/Km……..who is a minor/a person of unsound mind and is alive this day”.7. Identification of the depositor: - Identification of a depositor at the time of withdrawal underrule-6 shall ordinarily be made by verification of his signature appearing on the record in the Post OfficeSavings Bank and in cases where identification cannot be done as aforesaid, it may be done on the basisof Identity Card, if any, issue d to him by the Post Office or in such other manner as may be prescribed.8. Pass Book:- (1) On opening an account the depositor shall be given a passbook bearing thenumber of his account, his name, his address and entry of his first deposit duly initia lled by an authorisedofficial of the Post Office Savings Bank.(2) It shall be the responsibility of the depositor to keep the passbook in safe custody.(3) If the passbook is lost, stolen, destroyed or spoilt while in custody of the depositor, be shall beissued a duplicate passbook on his paying a fee of ten rupees and on completion of such enquiries as thePost Office Savings Bank may consider necessary and no such fee shall be charged if the HeadPostmaster is satisfied that the circumstances in which the passbook was lost, stolen, destroyed or spoiltwere beyond the control of the depositor.(4) The passbook shall ordinarily be presented for all withdrawals and deposits, other than thosemade by a cheque, and in case where a deposit or withdrawal is made without production of passbook,the passbook shall be presented to the Post Office Savings Bank as soon as possible thereafter forbringing it up-to-date.(5) When the passbook is returned duly completed, the depositor shall bring the errors oromissions therein, if any, to the notice of the Post Office Savings Bank forthwith and in the event of thedepositor’s failure to do so, the Post Office Savings Bank shall not be responsible for any loss arisingfrom such errors or omissions.(6) The passbook shall, as far as possible, be collected from the Post Office Savings Bank by thedepositor on the same day on which it is presented to it under sub-rule (4) and where for any reason, thepassbook cannot be returned on the same day, the Post Office Savings Bank shall issue a receipt in lieuthereof and such receipt shall be surrendered by the depositor at the time of collecting the passbook on asubsequent date.(7) The Post Office Savings Bank shall not be responsible for any entries in the pass book notauthenticated under the initials of authorized official.9. Transfer of an account:- A depositor may have his account transferred from one Post OfficeSavings Bank to another Post Office Savings Bank free of charge by making an application in theprescribed form subject to such conditions as may be prescribed.
Page 1 and 2: POST OFFICE SAVINGS BANK MANUALVOLU
Page 3 and 4: 1CHAPTER-1THE GOVERNMENT SAVINGS BA
Page 5 and 6: emaining in his hand unadministered
Page 7 and 8: 5CHAPTER-2THE GOVERNMENT SAVINGS CE
Page 9 and 10: minor, or where neither parent is a
Page 11 and 12: eing in force other than this Act o
Page 13: 1. Short title and commencement:- (
Page 17 and 18: sub-rules (2) to (4).(2) (a) If a n
Page 19 and 20: 16F O R M -1[See Rule 3, 12 (1) and
Page 21 and 22: 17(SB-55)F O R M -2[See rule 12(1),
Page 23 and 24: 18CHAPTER -5THE POST OFFICE SAVINGS
Page 25 and 26: (e) An authoritycontrolling aProvid
Page 27 and 28: 3. PensionAccountA pensioner,being
Page 29 and 30: from the first day of the month in
Page 33 and 34: 24C H A P T E R-6THE PO ST OFFICE R
Page 35 and 36: datesinclusive)From 1.5.1971 to 31.
Page 37 and 38: (2) Notwithstanding anything contai
Page 39 and 40: month of repayment irrespective of
Page 41 and 42: Five years 1207.40Note 1:- The amou
Page 43 and 44: 32T A B L E -13[See Rule 10]Amount,
Page 51 and 52: Note:- The amount repayable on an a
Page 53 and 54: Note : - The amount shall be propor
Page 55 and 56: 28 308.55 53 651.7029 320.65 54 666
Page 57 and 58: 28 306.70 53 644.1029 318.65 54 658
Page 59 and 60: 29 314.66 54 643.2330 326.41 55 657
Page 61 and 62: (a) A-type, that is to say,payable
Page 63 and 64: 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
Page 71 and 72:
(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
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65ANNEXURE-II TO FORM - F(Affidavit
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67FORM - G(See rule 11)Serial No…
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69CHAPTER-10THE PUBLIC PROVIDENT FU
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satisfying itself that the amount o
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eceipt of application in Form G in
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Name of Accounts Public Provident F
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Subscriber/guardian
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77FORM -E[See sub-paragraph (1) of
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Date………………………..
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@ To be produced by legal heirs, in
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81ANNEXURE-II TO FORM - G(Affidavit
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83FORM - H(See Sub-paragraph (3A) o
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7. Procedure for purchase of certif
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(3) Notwithstanding anything contai
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Period from the date of the certifi
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90T A B L EPeriod from the date of
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nominee3. I/We hereby agree to abid
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Identity SlipSpecimen signature of
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Address (2)NB : In the case of illi
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Post Office.Orders of the Postmaste
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(2) (a) A Single Holder Type Certif
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(c) a corporation or a Government c
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First year 12.40Second year 13.90Th
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to the amount specified in the Tabl
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Period from the date of the certifi
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maturity of the certificate to:-(a)
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105FORM 1[See Rule 6]FORM OF APPLIC
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107FORM 3DEPARTMENT OF POSTS[See Ru
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108CHAPTER-13THE POST OFFICE SAVING
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1093. Denomination in which certifi
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(v)a certificate purchased by a pro
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11216. Transfer of certificate from
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No…………….. dated……….
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11522. When Encashable:- (1) Except
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11628. Rights of nominees:- (1) In
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P.O. S.B. Manual Vol. III - India Post

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