10. Conversion of an account:- Subject to the provisions of the relevant rules relating to an accounton a written application being made by its holder or holders, as the case may be -(1) a single account in the name of an adult may be convertedinto a joint account in the name of the original depositor and another adult and a joint account in thenames of two depositors may be converted into a single account in the name of one of the jointdepositors.(2) In the case of a savings account-(i) a joint account in the names of three adults may be converted into a single account in the nameof one of the depositors or into a joint account in the names of two adults including atleast one ofthe original depositors;(ii) a joint account in the names of two adults may be converted into a joint account in the namesof three adults, including atleast one of the original depositors; and(iii) a single account in the name of an adult may be converted into a joint account in the namesof three adults including the original depositor.11. Final withdrawal on closure:- Except as otherwise provided in the relevant rules, finalwithdrawal on closure of an account shall be allowed at the <strong>Post</strong> Offices authorised by the DirectorGeneral (<strong>Post</strong>s).1312. Nomination:- (1) Subject to the provisions of sub-rules (2) to (7), an adult opening a singleaccount or two adults or three adults opening a joint account, may by furnishing the necessary particularsin Form-1 at the time of opening the account, nominate person or persons who in the even of death ofthe depositor or all the depositors, as the case may be, shall become entitled to payment of the amountdue on the account and if such nomination is not made at the time of opening the account, it may bemade by the depositor of a single account or by the depositors or the surviving depositor or depositors ofa joint account at any time after the opening of the account but before its closure, by means of anapplication in Form-2 accompanied by the passbook, to the <strong>Post</strong> Office Savings Bank where the accountstands.(2) No nomination shall be made in respect of an account opened or to be opened by or on behalfof a minor or a person of unsound mind.(3) A nomination made under sub-rule (1) may be cancelled or varied by the depositor of thesingle account or by the depositors or the surviving depositor or depositors of a joint account, bysubmitting an application in Form-2, affixing postage stamps of the value of one rupee to it, togetherwith the passbook to the <strong>Post</strong> Office Savings Bank where the account stands or to the relevant HeadSavings Bank.(4) The nomination or the cancellation or variation of a nomination shall be registered in therelevant Head Savings Bank and the fact of registration shall be noted in the passbook and suchregistration, nomination or the cancellation or variation of the nomination, as the case may be, shall bedeemed to be effective from the date on which it was presented.(5) A nomination shall become void if the nominee predeceases or where there are two or morenominees, all the nominees predecease the depositor.(6) Where any nominee is minor, the depositor or depositors making the nomination may, byfurnishing the necessary particulars in Form-2, as the case may be, appoint the person to receive paymentof the amount due on the account in the event of death of the depositor or depositors, as the case may be,during the minority of the nominee.(7) Where an account is held by or on behalf of any person as a pledge or by way of security forany purpose, such holding shall not have the effect of canceling a nomination but the right of thenominee or nominees shall be subject to the right of the person so holding the account.Explanation – In this rule and rule -13, “Single Account” includes a pension account and securitydeposit account and “joint account” includes a security deposit account.13. Payment on death of depositor: - (1) In the event of death of the depositor of single account orof all the depositors of a joint account, the amount due on the account shall be payable as specified in
sub-rules (2) to (4).(2) (a) If a nomination made under Rule -12 is in force at the time of death of the depositor of asingle account or the surviving depositor in the case of joint account, the nominee or nominees survivingsuch depositor may make an application in the manner prescribed to the relevant Head Savings Bank forpayment of the amount due on the account and such application shall be accompanied by proof of deathof the depositor or depositors, as the case may be, and where any other nominee has predeceased thedepositor, by proof of death of such minor.(b) If there is only one surviving nominee, the amount due on the account shall, on his making anapplication as aforesaid, be payable to him.(c) If there are two or more surviving nominees, the application as aforesaid may either be madeby them jointly in which case the amount due on the account shall be payable to them jointly or be madeby each one of them separately in which case such nominee applicant shall be entitled to receive an equalshare of the amount due on the account.(3) Where the surviving nominee is a minor, the payment under sub-Rule (2) shall be made tothe person appointed under Sub-Rule (6) of rule 12 to receive such payment and, if there is no suchperson, to the guardian of the minor.(4) If a depositor dies and there is no nomination in force at the time of his death and probateof his will or letters of administration of his estate or a succession certificate granted under the <strong>India</strong>nSuccession Act, 1925(39 of 1925) is not, within three months of the death of depositor, produced to theSecretary of the Government Savings Banks in which the deposit is, then -(a) If the amount due on the account does not exceed one lakh rupees, the Secretary may paythe same to any person appearing to him to be entitled to receive it or to administer the estate of thedeceased; and14(b) Within the aforesaid limit of one lakh rupees , the authorities specified in the Table belowshall be competent to sanction claims upto the limit noted against each on the death of the depositorwithout production of the probate of his will or letters of administration of his estate or successioncertificate granted under the <strong>India</strong>n Succession Act, 1925 (39 of 1925).T A B L ESl.Name of AuthorityLimit in (Rs.No.(i) Time Scale Departmental Sub-<strong>Post</strong>masters 1,000(ii) Sub-<strong>Post</strong>masters in Lower Selection Grade 2,000(iii) Sub-<strong>Post</strong>masters/Deputy <strong>Post</strong>masters/ <strong>Post</strong>masters in 5,000Higher Selection Grade (All Non Gazetted)(iv) Deputy <strong>Post</strong>masters/ Senior <strong>Post</strong>masters/ Deputy Chief 20,000<strong>Post</strong>masters/Superintendent of <strong>Post</strong> Offices/ DeputySuperintendent of <strong>Post</strong> Offices (All Gazetted Group-B)(v) Chief P ostmasters in Head Offices, Senior Superintendents 50,000(All Gazetted Group-A)(vi) Regional Directors/Director {General <strong>Post</strong> Offices} [in 75,000Mumbai & Kolkata)(vii) Chief <strong>Post</strong>masters General/ <strong>Post</strong>masters General (HeadQuarter and Region)1,00,00014. Payment of amount at credit in an account held by Army, Air Force and Navy Personnel:-Notwithstanding anything contained in rules 12 & 13, where an account holder serving in the Army, AirForce or Navy, dies or deserts, the Commanding Officer of the Corps, department, detachment, unit or
- 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 and 14: 1. Short title and commencement:- (
- Page 15: 6. Withdrawal:- (1) Withdrawal from
- 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 45 and 46: 33T A B L E -18[See Rule 11]Amount,
- Page 47 and 48: 34T A B L E -22[See Rule 10]Amount,
- Page 49 and 50: 35T A B L E -27[See Rule 11]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
- Page 65 and 66: 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
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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