8. Premature closure of account.- Mahila Samman Savings Certificate (MSSC), 2023 (1) The account shall not be closed before maturity except in the following cases, namely:- (a) on the death of the account holder; (b) where the post office or the Bank concerned is satisfied, in cases of extreme compassionate grounds such as medical support … Read more
(I). Amendments in Senior Citizens’ Savings Scheme, 2019. (a). New rules inserted in Senior Citizens’ Savings Scheme, 2019. Sl. No. Rule No. after which new provision inserted New Provision 1. Rule 6 ( 1), clause (iii) (iv) In case the account is closed before expiry of one year from the date of extension as mentioned in sub-paragraph (2), … Read more
(II). Amendments in National Savings Time Deposit Scheme, 2019 Sl. No. Rule No. Existing Provision Amended Provision 1. Rule 8 Premature closure of account.- Premature closure of an account shall be allowed on an application by the account holder m Form-4, subject to the following conditions, namely:- Premature closure of account. Premature closure of an account … Read more
Amendments in Public Provident Fund Scheme, 2019 Click Here to view SB Order 22/2023 Sl. No. Rule No. Existing Provision Amended Provision 1. Rule 13 in the second provisio Provided further that on such premature closure, interest in the account shall be allowed at a rate which shall be lower by one percent. than the rate at which interest has … Read more
SB Order 22/2023 – Amendments in National Savings Time Deposit Scheme, 2019 Amended provisions – Thanks For vising sapost.co.in formerly known as sapost.blogspot.com
Rule for senior Citizen Account (SCSS) Premature closure and deduction As per the existing rules, a Senior Citizen Account can be closed prematurely before one year without interest. In other words, the interest amount credited to the account will be recovered from the investment at the time of closure. Further, the following rules are amended as … Read more
Important changes in SCSS & TD scheme features – as per SB Order 22/2023 Senior Citizens’ Savings Scheme l. Investments through retirement benefits can be made within three months from the date of retirement benefits. 2. Spouse of the retired Government employees whose age is fifty five years and died in harness, can invest in the scheme irrespective of age, subject to other conditions. 3. … Read more
174. Claims of Accounts Standing in the name of persons unheard for more than Seven Years Such accounts are to be settled as per provisions of Section 107/108 of the Indian Evidence Act. The nominee / legal heir of a missing depositors has to raise an express presumption of death of the depositor under … Read more
Clarification on operation of SB Pension Accounts and Joint Accounts opened by three adults jointly opened by three adults jointly opened before 18.12.2019