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

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(6) An account transferred under sub-rule (1), may, on the written authority of the pledgee, betransferred with the previous sanction of the authorised Postmaster and when such re-transfer is made,the Post Office Savings Bank shall make the following endorsement in the passbook at the placesindicated in sub-rule (4) namely:-“Re-transferred as security to.....................”(7) The passbook shall be presented by the depositor or the transferee, as the case may be, to thePost Office Savings Bank for purpose of making endorsement under sub-rule (4) or (6).Note:- A Gazetted Officer of the Government accepting an account as security under sub-rule (1)or releasing the security under sub-rule (6) on behalf of the President of India or the Governor of stateshall certify that he is duly authorised under article 299 of the Constitution to execute such instrumentsor deeds on behalf of the President of India or the Governor of State giving the particulars of the numberand the date of Notification of the Government authorising him in this behalf.Note:- An Officer of the Reserve Bank of India or a scheduled bank or a co-operative societyincluding co-operative bank, a corporation or a Government company or a local authority, as the casemay be, accepting an account as security under sub-rule (1) or releasing the security under sub-rule (6)on behalf of the respective institution, shall certify under his dated signature and seal of office that he isduly authorised under the articles of the said institution to execute such instruments or deeds on itsbehalf.11. Procedure on the death of the depositor:- (1) Subject to sub-rules (2) and (3), on the death ofthe depositor in a single account or of the surviving depositor in joint account, the procedure specified inrule 13 of the Post Office Savings Bank General Rules, 1981 shall apply.47(2) If there are not more than two surviving nominees or legal heirs, they may, at their option, continuethe account and receive any outstanding amount of deposit and interest in the manner provided for inthese rules, as if they had opened the account themselves.(3) Where the account is not continued under sub-rule (2), it shall be closed and any depositoutstanding in the account shall be repaid with interest and such interest shall be allowed for the periodfor which the deposit has remained with the Post Office Savings Bank and the rate of such interest will,notwithstanding anything contained in rule 8, be -(i) as specified under rule 7, for the completed years not exceeding the period for which thedeposit was made; and(ii) for any period thereafter in completed months upto a maximum of twenty-four monthsfrom the date of maturity, as specified from time to time for savings accounts of the typeof single or joint account.Note:- Any interest already paid on the account under rule 7 shall be recovered from therepayment of deposit and payment of interest under this sub-rule.(4) On the death of the one of the depositors in a joint account the surviving depositor shall betreated as the sole owner of the account and he may continue the account or deal with it in the mannerspecified under sub-rule (3).(5) On the death of the guardian of a minor or lunatic depositor, who opened the account, the newguardian may deal with the account in the manner specified under sub-rule (3), if the same is required inthe interest of such depositor.
12. Repeal and saving:- (1) The Post Office (Time Deposits) Rules, 1970 are hereby repealed.(2) Notwithstanding such repeal anything done or any action taken under the rules so repealed shall bedeemed to have been done or taken under the corresponding provisions of these rules or the Post OfficeSavings Bank General Rules, 1981.
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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
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
Page 65 and 66: 44T A B L E -G[For deposits made on
Page 67: (a) No deposit shall be withdrawn b
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
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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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