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

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108CHAPTER-13THE POST OFFICE SAVINGS CERTIFICATES RULES, 1960No.F.7(29)(ii)- In exercise of the powers conferred by Section 12 of the Government SavingsCertificates Act, 1959 (46 of 1959) and in supersession of the Savings Certificates Rules, 1959, theCentral Government hereby makes the following rules, namely:-1. Short title and commencement:- (1) These rules may be called the Post Office SavingsCertificates Rules, 1960.(ii) They shall come into force on the 1 st August, 1960(iii) They shall apply to the following Savings Certificates, namely:-(a) 5/7/12 Year National Savings Certificates(b) 10- year National Plan Certificates(c) 12- year National Plan Savings Certificates(d) 12- year National Defence Certificates(e) 7-year National Savings Certificates (II Issue)(f) 7-year National Savings Certificates (III Issue)2. Definitions:- In these rules unless the context otherwise requires-(i) “Act” means the Government Savings Certificates Act, 1959 (46 of 1959)(ii) “Banking Company” means a banking company as defined in section 5 of the BankingCompanies Banking Companies Act, 1949 (10 of 1949), and includes the State Bank ofIndia and other banking institution notified under section 51 of the said Act;(iii) “Certificates” means(a) a 10-year National Plan Certificate(b) a 5/7/12 Year National Savings Certificate(c) a 12- year National Plan Savings Certificate(d) a 12- year National Defence Certificate(e) a 7-year National Savings Certificates (II Issue)(f) a 7-year National Savings Certificates (III Issue)(iv) “Company” means a company as defined in the Companies act Act, 1956 (1 of 1956) andincludes a foreign company as defined in section 591 of the said Act;(v) “Co-operative Society” means a Society registered or deemed to have been registeredunder the Co-operative Societies Act, 1912 (2 of 1912) or under any other law for thetime being in force;(vi) “Corporation” means a corporation established by or under any law for the time being inforce, but does not include a company;(vii) “Gift Coupon” means a gift coupon issued under Rule 11;(viii) “Government Company” has the same meaning as defined in the Companies Act, 1956(1 of 1956)(ix) “Identity Slip” means an identity slip issued to holder of certificate under Rule 14(x) “Local Authority” means a municipal corporation, municipal committee, district board,body of port commissioners or other authority legally entitled to or entrusted by theGovernment with the control or management of a municipal or local fund;(xi) “Old Rules” means the Savings Certificates Rules, 1959;(xii) “Post Office” means any post office of India doing Savings Bank work;(xiii) “Provident Fund” means a provident fund to which the provisions of the Provident FundAct, 1925 (19 of 1925) apply and includes a provident fund which has been and continuesto be recognized by the Commissioner of Income-tax in accordance with the Provision of
Chapter IX-A of the Income-tax Act, 1922 (11 of 1922) and a provident fund establishedby or under any law for the time being in force;(xiv) Omitted(xv)“Scheduled Bank” means a bank for the time being included in the second schedule tothe Reserve Bank of India Act, 1934 (2 of 1934) and includes an executor and a trusteecompany which is a subsidiary of a scheduled bank.
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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
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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
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 146 and 147: maturity of the certificate to:-(a)
Page 148 and 149: 105FORM 1[See Rule 6]FORM OF APPLIC
Page 150 and 151: 107FORM 3DEPARTMENT OF POSTS[See Ru
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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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