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

More documents

Recommendations

Info

DEPOSITS MADE BY MARRIED WOMEN13. Payment of married women’s deposits:- Any deposit made by or on behalf of a marriedwomen, or by on behalf of a woman who afterwards marries, may be paid to her, whether or not section20 of the Indian Succession Act 1925 (39 of 1925) applies to her marriage and her receipt for any moneypaid to her under this section shall be sufficient discharge therefor.MISCELLANEOUS14. Protection of action taken in good faith:- No suit or other legal proceeding shall lie against theSecretary or any other officer of the Government of India in respect of any thing which is in good faithdone or intended t o be done under this Act.15. Power to make rules:- (1) The Central Government may, by notification in the Official Gazette,make rules for carrying out the purposes of this Act.(2) In particular and without prejudice to the generality of the foregoing power, such rulesmay provide all or any of the following matters, namely -(a) the persons by whom and the terms and conditions subject to which deposits may bemade in a Government Savings Bank;(b) the maximum limits of deposits and the conditions as to interest or discount relating todeposits generally, or any class of deposits in particular;(c) the non-accrual of interest on deposits when the maximum limits are exceeded and therecovery of any interest paid in excess in the same manner and as arrears of land revenueor in any other manner;(d)(e)(f)(g)the persons to whom and the manner in which deposits may be paid;the form of nominations, the manner in which, the persons in whose favour and theconditions and restrictions subject to which nominations may be made and the registrationof nominations;the variation or cancellation thereof;the fees that may be levied for registration of nominations and for variations orcancellation thereof;4(h) the manner in which any person may be appointed for the purpose of sub-section (3) ofsection 4.(i) The limit under clause (4) of sub-section 4 of Section 4A.[Clause (i) added vide Gazette of India Extraordinary No. 69 dated 04.09.1985](3) Every rule made under this section shall be laid as soon as may be, after it is made, beforeeach House of Parliament while it is in session for a total period of thirty days which may be comprisedin one session or in two successive sessions, and if before the expiry of the session in which it is solaid or the session immediately following, both Houses agree in making any modification in the rule orboth Houses agree that the rule should not be made, the rule shall thereafter have effect only in suchmodified form or be of no effect, as the case may be, so however, that any such modification orannulment shall be without prejudice to the validity of any thing previously done under that rule.
5CHAPTER-2THE GOVERNMENT SAVINGS CERTIFICATES ACT, 1959 (46 OF 1959)(18 th September, 1959)An Act to make certain provisions relating to Government Savings Certificates1. (1) Short Title, Commencement and application:- This Act may be called the GovernmentSavings Certificates Act, 1959.(2) It shall come into force on the 1 st day of August, 1960.(3) It applies to the following classes of Savings Certific ates or such class of SavingsCertificates as the Central Government may by notification in the Official Gazette specify in this behalf.(a)(b)(c)(d)(e)(f)(g)(h)(i)(j)(k)(l)(m)(n)(o)(p)(q)12/7/5-year National Savings Certificates10- year National Plan Certificates12- year National Plan Savings Certificates12- year National Defence Certificates10- year National Savings Certificates (I Issue)7- year National Savings Certificates (II Issue)7- year National Savings Certificates (III Issue)7- year National Savings Certificates (IV Issue)7- year National Savings Certificates (V Issue)12- year National Savings Annuity Certificates5 – National Development Bond6- year National Savings Certificates (VI Issue)6- year National Savings Certificates (VII Issue)10-year Social Security CertificatesIndira Vikas PatraKisan Vikas Patra6- year National Savings Certificates (VIII Issue)2. Definitions:- In the Act, unless the context otherwise requires:-(a) ‘Holder’ in relation to savings certificates means:-(i) a person who holds the savings certificate issued in accordance with theprovisions of this Act and of any rules made thereunder at any time before 13.05.2005.(ii) an individual who holds the savings certificate issued in accordance with the provisions ofthis Act and on any rules made there under at any time on or after 13.05.2005.(iii) ‘Minor’ means a person who is not deemed to have attained his majority under theMajority Act, 1875 (9 of 1875)[Section 2 amended vide Finance Act, 2005 dated 13.05.2005](b)(c)(d)“Prescribed” means prescribed by rules made under this Act.“Savings Certificate” means a savings certificate to which this act applies.“Transfer” means transfer inter vivos and does not include a transfer by operation oflaw.3. Restriction on transfer of Savings Certificates:- Notwithstandin g anything contained in anylaw for the time being in force no transfer of savings certificate, whether made before or after thecommencement of this Act, shall be valid unless it has been made with the previous consent in writing ofthe prescribed Authority.4. Holding by or on behalf of minors:- Notwithstanding any provision in any law for the time
Page 1 and 2: POST OFFICE SAVINGS BANK MANUALVOLU
Page 3 and 4: 1CHAPTER-1THE GOVERNMENT SAVINGS BA
Page 5: emaining in his hand unadministered
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 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 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?