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

More documents

Recommendations

Info

41CHAPTER – 7THE POST OFFICE TIME DEPOSIT RULES, 1981GSR 664 (E): - In exercise of the powers conferred by Section-15 of the Government SavingsBank Act, 1873 (5 of 1873), the Central Governme nt hereby makes the following rules, namely:-1. Short title and commencement: - (1) These rules may be called the Post Office Time DepositRules, 1981.(2) They shall come into force on the 1 st day of April 1982.2. Definitions:- In these rules, unless the context otherwise requires:-(a) ‘Account’ means a Time Deposit Account;Note1: - Clauses (aa), (ab) and (ac) deleted w.e.f. 1.4.1995.Note2: - Clause (ad) deleted w.e.f. 13.5.2005.(b) ‘Year’ means a year commencing on the date of deposit in an account.(c) Words and expressions used herein and not defined but defined in the Post Office SavingsBank General Rules, 1981 and the Post Office Savings Account Rules, 1981 have the meaningsrespectively assigned to them in those rules.3. Application of the Post Office Savings Bank General Rules, 1981:- For matters not providedin these rules, the provisions of the Post Office Savings Bank General Rules, 1981 shall apply.4. Types of Accounts and matters connected therewith:-(1) There shall be four kinds of accounts, namely 1-year account, 2- year account, 3- yearaccount and 5- year account in which a deposit can be made for a period of one year, twoyears, three years and five years respectively.(2) The types of accounts, which may be opened, the persons by whom such accounts may beopened and other matters connected therewith shall be as specified in the Table below,namely:-Type of account Who may open Number of accountsthat may be openedA. INDIVIDUALACCOUNTS1. Single Account (a) A person who hasattained the age ofmajority and who is ofsound mind(hereinafter referred toas an adult)(b) A minor who hasattained the age of 10years.(c) A guardian onbehalf of a minor.(d) (i) A guardian of aperson of unsoundmind.(ii) Superintendent ofMental Hospital wherea person of unsoundmind is confined.One or more accounts.One or more accounts.One or more accountson behalf of eachminor.One or more accountson behalf of eachperson of unsoundmindOne or more accountson behalf of eachperson of unsoundmindWho may operate theaccountThe adult. Anilliterate, blind orotherwise physicallyhandicapped adultmay operate on hisaccount through aliterate agentnominated by himfor the purpose.The minorThe guardian duringthe minority of theminor and thereafter,the ex-minor.The guardian.The Superintendentof Mental Hospital2. Joint Account Two adults One or more accounts Both the depositors
(a) A-type, that is to say,payable to both jointly orsurvivor.jointly(b) B-type, that is to say,payable to either of thedepositors or survivorsTwo adultsOne or more accountsBoth the depositorsjointly
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 and 16: 6. Withdrawal:- (1) Withdrawal from
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: 29 314.66 54 643.2330 326.41 55 657
Page 63 and 64: 7. Interest:- (1) The deposit shall
Page 65 and 66: 44T A B L E -G[For deposits made on
Page 67 and 68: (a) No deposit shall be withdrawn b
Page 69 and 70: 12. Repeal and saving:- (1) The Pos
Page 71 and 72: (2) Where deposit is made by cheque
Page 73 and 74: 51CHAPTER-9THE SENIOR CITIZENS SAVI
Page 75 and 76: (4) Nomination facility shall be av
Page 77 and 78: continue the account on the same te
Page 79 and 80: 5512. Account opened in contraventi
Page 81 and 82: depositorpayable.1 2 3 4 5Photograp
Page 83 and 84: * Score out whichever is not applic
Page 85 and 86: 3. I shall close the account immedi
Page 87 and 88: 60FORM-D(See sub-rule (1) of rule 3
Page 89 and 90: 61ReceivedRs…………………..
Page 91 and 92: Received a sum of Rs……………
Page 93 and 94: 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 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 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
show all

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

Create successful ePaper yourself

Delete template?

Save as template?