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

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1093. Denomination in which certificates shall be issued:-(i) National Savings Certificate (II Issue) shall be used in denominations of Rs.10, Rs.50,Rs.100, Rs.500, Rs.1000, Rs.5,000.(ii) National Savings Certificate (III Issue) shall be used in denominations of Rs.100,Rs.1000, Rs.5,000.4. Types of certificates and issue thereof – (1) The certificates shall be of the following types,namely:-(a) Single Holder Type Certificates;(b) Joint ‘A’ Type Certificates; and(c) Joint ‘B’ Type Certificates;(2) (a) A Single Holder Type Certificate may be issued to:-(i) an individual person (whether an adult or minor);(ii) a banking company and Co-operative bank;(iii) a company;(iv) a corporation;(v) a co-operative society including Co-operative bank;(vi) an association, institution or body registered as a society underany law for the time being in force;(vii) a firm registered under the Indian Partnership Act, 1932 (9 of1932)(viii) a local authority; and(ix) a provident fund(b) A joint ‘A’ Type certificate may be issued jointly to two adults payable to both theholders jointly or to the survivor.(c) A joint ‘B’ Type certificate may be issued jointly to two adults payable to either of theholders jointly or to the survivor.5. The limits upto which certificates may be purchased:- The maximum permissibleholding of a certificate or certificates s hall be as shown below for each class of investor, namely:-Class of InvestorLimit (Rs.)(i) An adult or a minor 75,000(ii) two adults jointly 1,50,000(iii) any trust which is registered as a Society under any law for 50,000the time being in force (other than a Charitable trust donations towhich qualify for income tax relief), any gratuity fundconstituted as an irrevocable trust, a banking company, acompany, a corporation, a firm registered under the IndianPartnership Act, 1932 (9 of 1932), an association, institution orbody registered as society under any law for the time being inforce other than association, institution or body referred to inclause (iv)
(iv) a co-operative society including a cooperative bank andcooperative land mortgage bank, a local authority, anassociation, institution or body registered as a society under anylaw for the time being in force and the donations to whichassociation, institution or body are exempt from the payment ofincome-tax(iv) (a) an approved gratuity fund, as defined in clause (5) ofsection 2 of the Income-Tax Act, 1961 (43 of 1961), the incomefrom which is exempt from payment of income-tax by virtue ofsub-clause (iv) of clause 25 of section 10 of the said act.1,00,0001,00,000(v) a provident fundWithinlimitNote:- The maximum permissible holding of certificates in case of single and joint holders was increasedfrom Rs.50,000/1,00,000 to Rs, 75,000/1,50,000 respectively with effect from 21.06.1975.1106. A person or body specifie d in column 1 of the Table below may purchase certificates on behalf ofpersons or bodies specified against his or its name in the corresponding entry in column 11 of the saidTable. Provided that the persons or bodies specified in the said column-II are eligible under these rules topurchase certificates and the limit prescribed for them under rule 5 is not exceeded.IIIPerson or body who can purchaseOn behalf of(i) an adult(ii) a co-operative society, a cooperativebank or a scheduled bank(iii) a Gazetted Government officer, anofficer of a Government company or of acorporation or of a local authority, or anofficer of a corporate body like amarketing committee established under aState act and authorised by the StateGovernment in this behalf, in his officialcapacity, or the Reserve Bank of India.(iv) an authority controlling theprovident funda minorits members, clients, employeesor contractors whose monies areheld as deposit or otherwise withsuch society or bankpersons or bodies whose moniesare held as deposit or otherwisewith such officer or the ReserveBank.individual members7. Calculation of Limits:- For the purpose of calculating the limit under these rules:(i) the holding of a person in respect of all his certificates including Post Office Cash Certificates,3 ½ percent 10-year Treasury Savings Deposit Certificates, 4 percent 10- year Treasury Savings DepositCertificates, 7-year National Savings Certificates (II Issue), Bank series and 7-year National SavingsCertificates (III Issue)-Bank series but excluding 10- year National Plan Certificates shall be taken intoaccount;(ii) a certificate purchased by a person on behalf of any other person shall not be counted as hisholding but of the person on whose behalf it is purchased;(iii)(iv)a certificate transferred as pledge subsists;one-half of the joint holdings shall be taken to belong to each holder;
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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
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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
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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
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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
Page 152 and 153: 108CHAPTER-13THE POST OFFICE SAVING
Page 156 and 157: (v)a certificate purchased by a pro
Page 158 and 159: 11216. Transfer of certificate from
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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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