Provided that more than one account shall not be opened in the same deposit office during acalendar month.(3) A depositor may open the account in individual capacity or jointly with spouse.4. Deposits and withdrawals: - (1) There shall be only one deposit in the account in multiple of onethousand rupees not exceeding rupees fifteen lakh, provided that the deposits by depositors under subrule(ii) of rule-2, shall be restricted to the retirement benefits received by them or rupees fifteen lakh,whichever is lower.52Explanation:- For the purposes of this sub rule, “retirement benefits” means any payment due to thedepositor on account of retirement or superannuation or otherwise and includes Provident Fund dues,retirement/superannuation gratuity, commuted value of pension, cash equivalent of leave, savingselement of Group Savings linked Insurance Scheme payable by the employer on retirement, retirementcum-withdrawalbenefit under Employees’ Family Pension Scheme and Ex-gratia payments under avoluntary or a special voluntary retirement scheme.(2) Except as provided in rule 9, no withdrawal shall be permitted under these rules before theexpiry of a period of five years from the date of opening of an account.(3) The depositor may extend the account for a further period of three years by making anapplication in FORM-B to the deposit office within a period of one year after the maturity period of fiveyears as specified in sub-rule (2).Explanation.- Extension of account under this sub-rule shall be deemed to have been made fromthe date of maturity irrespective of the date of application.(4) A deposit office shall, as soon as it comes to the notice that a deposit exceeds the ceilingprescribed under sub-rule (1), request the depositor in writing, to withdraw the excess depositimmediately.5. Mode of deposit: - (1) The deposit under these rules may be made:(a) in cash, if the amount of deposit is less than rupees one lakh.(b) by cheque or demand draft drawn in favour of the depositor and endorsed in favour of thedeposit office, or in favour of the deposit office.(2) Where a deposit is made by cheque or demand draft, the date ofdeposit under these rules shall be the date of encashment of the cheque or demand draft.(3) Where a deposit is made by means of an outstation cheque or demand draft, collectioncharges at the prescribed rate shall be payable along with the deposit and the date of realisation of thecheque or demand draft shall be the date of deposit.6. Nomination:- (1) The depositor may at the time of opening of theaccount under these rules, nominate a person or persons who, in the event of death of the depositor, shallbe entitled to payment due on the account.(2) If such nomination is not made at the time of opening of the account, it may be made by thedepositor at any time after the opening of the account but before its closure, by an application in FORM-C, accompanied by the pass book to the deposit office.(3) The nomination made by the depositor may be cancelled or varied by a fresh nomination inFORM -C to the deposit office in which the account stands.
(4) Nomination facility shall be available in the case of joint account also. However, in such case,the joint holder will be the first person entitled to receive the amount payable in the event of death of thedepositor and the nominee’s claim shall arise only after the death of both the depositor and the jointholder.Explanation.- In case of joint account or where the sole nominee is the spouse, the spouse maycontinue the account in accordance with the proviso below sub-rule (3) of rule 8.(5) In case of a joint account or where the spouse is the sole nominee, the spouse shall also beeligible to make, cancel or vary the nomination made earlier, after the death of the depositor, inaccordance with sub-rule (2) to (4).(6) Every nomination and every cancellation or variation thereof shall be registered in the depositoffice and shall be valid from the date of such registration, the particulars of which shall be entered in thepass book.
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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),
- 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
- 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
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- 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
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- 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
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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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