FAQ on Public Provident Fund (PPF)

Is the benefit of Tax Deduction under section 88 of the Income Tax Act available to a spouse when he or she contributes to the Public Provident Fund account maintained by the other ?

Permissible ! The benefit under Section 88 is admissible to both, a husband contributing to the wife's account and the wife contributing to the husband's account. However, there is one condition, the contributions should be made out of the contributor's taxable income.

If one wishes to continue a PPF account after the completion of a 15 years tenure, is it better to go for extension in blocks of five years or should one start a fresh account after closing the previous one ?

If you close the account and open another fresh PPF account , you have access to 100% of your account balance, while extending the same account for a block of five years give you access to only 60% of your account balance at that time. This means that a large amount of money gets blocked for five years. Starting a fresh account gives you the opportunity to decide the amount you want to invest with the entire maturity amount at your disposal. This is an important factor keeping in mind the recent interest rate cut.

For how many years can a PPF account be extended after the initial 15 years of operating a PPF account ?

After the PPF account has been in operation for 15 years, it can be extended for a duration of five years at a time. There is no limit, extensions can be taken any number of times.

What is the procedure for transfer of a PPF account from one branch of a bank to another branch, or one post office to another post office ?

Simple ! PPF Account Transfers Forms are available with the postmaster, fill up the form and submit for transfer.

What is the procedure for transfer of a PPF account from a Bank to a post office ?

The State Bank of India/its subsidiary will issue an "Account Payee Cheque" or a Demand Draft for an outstation transfer. The "Account Payee Cheque" will be in favour of the transferee Head Post Office along with a certified copy of the ledger and all other related records in original like –

    • application for opening the account
    • application form
    • signature cards and
    • nomination forms.

    The cheque/draft will be drawn by designation and will indicate that it relates to PPF Account No……….. On receipt of the PPF account on transfer with the cheque or draft from the bank, the account will be opened at the transferee Head Post Office like any other new account is opened. The transaction will not be included in the credit transfer journal but will be entered in the list of transactions like other new accounts opened by cash.

    Can the PPF account be attached ?

    Yes, the PPF account can be attached by the Income Tax and Estate Duty authorities. The PPF act only gives the account holder immunity against attachment under a decree / order of a court of law.

    Can I open an account in the name of a minor ?

    Certainly. Under the Public Provident Fund Scheme, an individual may open one Public Provident Fund account on behalf of a minor child of whom he is the guardian. It may be reiterated that only one account may be opened in one name. Thus, if a guardian opens an account on behalf of a minor child, another guardian cannot open an account on behalf of the same minor child.

    What is the rate of interest in a PPF account ?

    The interest rate in a PPF account for the year 2001-2002 is 9.5%.

    In the event of the death of a guardian, in relation to a minor, should the PPF account in the name of the minor be closed and a new account opened ?

    In such a case, the minor is treated as subscriber. The amount in his/her account does not become payable on the death of the guardian. Under Section 8 of the PPF Act it becomes payable only on death of the subscriber. In case of death of guardian the account of minor remains operative and a new account need not be opened. The surviving natural guardian or a guardian appointed by a competent court may continue the account of minor after producing the necessary guardianship certificate.

    In the event of the death of the minor subscriber is the balance in the account payable to the guardian ?

    No, the guardian is not entitled to the payment of the balance. The balance in such cases is payable to the legal heirs of the minor, in accordance with Section 8 of Public Provident Fund Act and para 12(6)(ii) of the Public Provident Fund Scheme.

    Is there any fee for cancellation or variation of nomination the way it is charged in a savings accounts ?

    No, don't worry there isn't. Rule 12 of the Scheme has no provision for any such fee, therefore there is no fee for cancellation or variation of nominations.

    Can a person having a PPF account in the State Bank open another account in the post office and vice-versa ?

    Absolutely not ! An individual can have only one account in his/her name, either in the post office or in the State Bank and is required to declare this in the account opening application form.

    Can a PPF account be allowed to continue if the total deposit in a financial year falls short of Rs.100/- or should it be closed without interest ?

    If a subscriber does not subscribe Rs. 100/- in the first year, subscriptions paid by him will be refunded to him without interest, simply because the account is not considered as validly open. But if the subscriber after paying Rs. 100/- in the first year, defaults on the minimum subscription in the following year, he can continue with his PPF account only after paying the Accounts Office the prescribed default fee along with the arrears in the subscription.

    Can one get a loan or withdraw money from those accounts to which regular subscriptions haven't been made every year ?

    No, because a subscriber who has not maintained his subscriptions in the account as per Rule 3 of the Scheme and has defaulted on his subscriptions in any year, will not be eligible either for a loan or for a partial withdrawal from the account. This will be allowed only if the person pays the subscription arrears along with the default fee.

    Post Office Savings Schemes Chart

     

    SCHEME

    Interest Payable, Rates, Periodicity etc.

    Investment Limits and Denominations

    Salient features including Tax Rebate

    PostOffice Savings Account

     

    3.5% per annum on individual/ joint accounts.

    Minimum Rs. 50/-. Maximum Rs. 1,00,000/- for an individual account. Rs. 2,00,000/- for joint account.

    Cheque facility available.  Interest Tax Free.

    5-YearPost Office Recurring Deposit Account

    On maturity Rs. 10/- account fetches Rs. 728.90/-. Can be continued for another 5 years on year to year basis.

    Rate of interest 7.5% (quarterly compounded)

    Minimum Rs. 10/- per month or any amount in multiples of Rs. 5/-. No maximum limit.

    One withdrawal upto 50% of the balance allowed after one year. Full maturity value allowed on R.D. Accounts restricted to that of Rs. 50/- denomination in case of death of depositor subject to fulfillment of certain conditions. 6 & 12 months advance deposits earn rebate.

    PostOffice Time Deposit Account

    Interest payable annually but calculated quarterly.

    Period          Rate

    1 yr. A/c      6.25%

    2 yr. A/c      6.50%

    3 yr. A/c      7.25%

    5 yr. A/c      7.50%

    Minimum Rs. 200/- and in multiple thereof. No maximum limit.

    Account may be opened by individual. 2,3 & 5 year account can be closed after 1 year at discount. Account can also be closed after six months but before one year without interest. The investment under this scheme qualify for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007.

    PostOffice Monthly Income Account

    8% per annum payable i.e. Rs. 80/- will be paid every month on a deposit of Rs. 12000/-.

    In multiples of Rs. 1500/- Maximum Rs. 4.5 lakhs in single account and Rs. 9 lakhs in joint account.

    Maturity period is 6 years. Can be prematurely encashed after one year but before 3 years at the discount of 2% of the deposit and after 3 years at the discount of 1% of the deposit. (Discount means deduction from the deposit.) A bonus of 5% on principal amount is admissible on maturity in respect of MIS accounts opened on or after 8.12.07

    15year Public Provident Fund Account

    8% per annum (compounded yearly).

    Minimum Rs. 500/- Maximum Rs. 70,000/- in a financial year. Deposits can be made in lumpsum or in 12 installments.

    Deposits qualify for deduction from income under Sec. 80C of IT Act. Interest is completely tax-free. Withdrawal is permissible every year from 7th financial year. Loan facility available from 3rd Financial year. No attachment under court decree order.

    KisanVikas Patra

    Money doubles in 8 years & 7 months. Facility for premature encashment.

    Rate of interest 8.4% (compounded yearly)

    No limit on investment. Available in denominations of Rs. 100/-, Rs. 500/-, Rs. 1000/-, Rs. 5000/-, Rs. 10,000/-, in all Post Offices and Rs. 50,000/- in all Head Post Offices.

    A single holder type certificate may be issued to an adult for himself or on behalf of a minor or to a minor, can also be purchased jointly by two adults

    National Savings Certificate (VIII issue)

    8% Interest compounded six monthly but payable at maturity. Rs. 100/- grows to Rs 160.10 after 6 years.

    Minimum Rs. 100/- No maximum limit available in denominations of Rs. 100/-, 500/-, 1000/-, 5000/- & Rs. 10,000/-.

    A single holder type certificate can be purchased by an adult for himself or on behalf of a minor or to a minor. Deposits quality for tax rebate under Sec. 80C of IT Act.

    The interest accruing annually but deemed to be reinvested will also qualify for deduction under Section 80C of IT Act.

    Senior Citizens Savings Scheme

    9% per annum, payable from the date of deposit of 31st March/30th Sept/31st December in the first instance & thereafter, interest shall be payable on 31st March, 30th June, 30th Sept and 31st December

    There shall be only one deposit in the account in multiple of Rs.1000/- maximum not exceeding rupees fifteen lakh.

    Maturity period is 5 years. A depositor may operate more than a account in individual capacity or jointly with spouse.  Age should be 60 years or more, and 55 years or more but less than 60 years who has retired on superannuation or otherwise on the date of opening of account subject to the condition that the account is opened within one month of receipt of retirement benefits. Premature closure is allowed after one year on deduction of 1.5% interest & after 2 years 1% interest. TDS is deducted at source on interest if the interest amount is more than Rs.10,000/- p.a.  The investment under this scheme qualify for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007.

     

     

     

     

     

     

    Sec 80C benefit: Investments up to Rs 1 lakh in specified securities (maximum of Rs 70,000 in PPF) qualify for deduction

    • Compounded half-yearly
    • Compounded yearly
    • Compounded quarterly
    • Payable quarterly

    Senior Citizens Savings Scheme (SCSS) Application Forms

    All information related to Senior Citizens Savings Scheme from India post office, including the forms mentioned below:

    • Senior Citizens Savings Scheme (SCSS) Application Forms
    • Application for Opening of an account
    • Application for Extension of Account
    • Application for Nomination/ Variation
    • Pay-in-Slip for deposit
    • Application for Closure
    • Application for Closure by legal heirs
    • Application for Transfer

    and other details can be downloaded from here.

    Senior Citizens Savings Scheme (SCSS)

     

              A new avenue of investment and return for Senior Citizen.

         The account may be opened by an individual,

                Who has attained age of 60 years or above on the date of opening of the account. 

                Who has attained the age 55 years or more but less than 60 years and has retired under a Voluntary Retirement Scheme or a Special Voluntary Retirement Scheme on the date of opening of the account   within three months from the date of retirement.

                No age limit for the retired personnel of Defence services provided they fulfill other specified conditions.

         The account may be opened in individual capacity or jointly with spouse.

         Non-resident Indians (NRIs) and Hindu Undivided Family (HUF) are not eligible to open an account.

         The individual may open one or more account in the multiple of Rs.1000/-, subject to a maximum limit of Rs.15 lakh. Further, more than one account cannot be opened in the same post office during a calendar month.

          No withdrawal shall be permitted before the expiry of a period of five years from the date of opening of the account. The depositor may extend the account for a further period of 3 years.

         Premature closure of account is permitted

             After one year but before 2 years on deduction of 1 ½ % of the deposit.

             After 2 years but before date of maturity on deduction of 1% of the     deposit.

         In case of death of the depositor before maturity, the account shall be closed and deposit refunded  without any deduction along with interest.

         Interest @ 9% per annum from the date of deposit on quarterly basis. Interest can be automatically credited to savings account provided both the accounts stand in the same post office.

         Interest rounded off to the nearest multiple of rupee one.

        Post Maturity Interest at the rate applicable to the deposits under Post Office Savings Accounts from time to time is admissible for the period beyond maturity.

          Nomination facility is available in the Scheme.

         The investment under this scheme qualify for the benefit of Section 80C of the Income  Tax Act, 1961 from 1.4.2007

            Monthly Income Scheme (MIS) and Senior Citizen Saving Scheme (SCSS) are the best for Senior Citizens who desire monthly/quarterly interest. Invest in MIS / SCSS and transfer interest into RD account through SB account through written request and earn a combined interest of 10.5 % (approx.).

            This is the safest investment option for the Senior Citizens. 

    Senior Citizen Savings Scheme Rules

    PUBLISHED IN THE GAZETTE OF INDIA : EXTRAORDINARY, PART II – Sec.3(i)] 

              MINISTRY OF FINANCE

                        (Department of Economic Affairs) 

                                    NOTIFICATION

                                              New Delhi, the 2nd August, 2004 

                                                    (UPDATED ON 29TH  OCTOBER, 2004) 

                                                            GSR 490(E) :- In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 ( 5 of 1873), the Central Government hereby makes the following rules, namely:- 

                                                      Short title and commencement :-

                                                        These  rules  may  be called the Senior Citizens Savings Scheme Rules,  

                                                          2004.

                                                            They shall come into force on the  2nd   day  of August, 2004.  

                                                              Definitions :- In these rules, unless the context otherwise requires:-  

                                                              'Account' means a savings account opened by the depositor in accordance with the provisions of these rules;  

                                                                'Act' means   the Government Savings Banks Act, 1873 ( 5 of 1873);  

                                                                  'deposit'  means the money deposited in an account under the provisions of these rules;  

                                                                    'Depositor' means an individual –  

                                                                      who has attained the age of 60 years or above on the date of opening of an account under the provisions of these rules, and by whom, or on whose behalf, money is deposited in an account under these rules, or  

                                                                      who has attained the age of 55 years or more but less than 60 years, and who has retired on superannuation or otherwise on the date of opening of an account under these rules, subject to the  

                                                                      condition that the account is opened by such individual within one month of the date of receipt of the retirement benefits and proof of date of disbursal of such retirement benefit(s) alongwith a certificate from the employer indicating the fact of retirement on superannuation or otherwise, retirement benefits, employment held and period of such employment with the employer is attached with the application form in Form-A: 

                                                                      Provided that the persons who have retired at any time before the commencement of these rules and attained the age of 55 years or more on the date of opening of an account under these rules, shall also be eligible to subscribe under the scheme within a period of one month of the date of this notification, subject to the fulfilment of other specified conditions: 

                                                                        Provided further that the retired personnel of Defence Services (excluding Civilian Defence Employees) shall be eligible to subscribe under the scheme irrespective of the above age limits subject to the fulfilment of other specified conditions. 
                                                                         

                                                                          (e) "Deposit Office" means,-

                                                                           

                                                                          any post office in India doing savings bank work and authorised by Director General Posts, to open an account under these rules, or  

                                                                          an office or branch of a banking company, or any other company or institution, authorised by the Central Government to receive subscriptions under the Public Provident Fund Scheme.'.  

                                                                          (f)    'Form' means a form appended to these rule s. 

                                                                          3. Opening of account:- (1) Any depositor may open an account at any deposit office by making an application in FORM -A alongwith the amount of deposit as per the pay-in-slip in FORM-D, duly filled in, alongwith age proof. 

                                                                          A depositor may operate more than one account under these rules subject to the condition that the deposits in all accounts taken together shall not exceed the maximum limit as specified under rule 4:  

                                                                          Provided that more than one account shall not be opened in the same deposit office during a calendar month.  

                                                                          A depositor may open the account in individual capacity or jointly with spouse.  

                                                                          Deposits and withdrawals :- (1) There shall be only one deposit in the account in multiple of one thousand rupees not exceeding rupees fifteen lakh:  

                                                                          Provided that deposits by depositors under sub-rule (ii) of rule 2, shall be restricted to the retirement benefits received by them or rupees fifteen lakh, whichever is lower.  

                                                                          Explanation:- For  the  purposes  of  this  sub-rule,  "retirement  benefits"  means  any  payment  due  to  the  

                                                                          depositor on account of retirement whether on superannuation or otherwise and includes Provident Fund dues, retirement/superannuation gratuity, commuted value of pension, cash equivalent of leave, savings element of Group Savings linked Insurance Scheme payable by employer to the employee on retirement, retirement-cum-withdrawal benefit under the Employees' Family Pension Scheme and ex-gratia payments under a voluntary retirement or a special voluntary retirement scheme.'. 

                                                                          Except as provided in rule 9, no withdrawal shall be permitted under these rules before the expiry of a period of five years from the date of opening of an account.  

                                                                          The depositor may extend the account for a further period of three years by making an application in FORM-B to the deposit office within a period of one year after the maturity period of five

                                                                          years as specified in sub-rule (2). 

                                                                          Explanation.- Extension of account under this sub-rule shall be deemed to have been made from the 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 ceiling prescribed under sub-rule (1), request the depositor in writing, to withdraw the excess deposit immediately. 

                                                                          Mode of deposit :- (1) The  deposit under these rules may be made:  

                                                                          in cash,  if the amount of deposit is less than rupees one lakh.  

                                                                          by cheque or demand draft drawn in favour of the depositor and endorsed in favour of the deposit office, or in favour of the deposit office.

                                                                           

                                                                            (2) Where a  deposit is made by cheque or demand draft, the date of  deposit 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,  collection  charges at
                                                                            the  prescribed  rate  shall  be  payable  alongwith  the  deposit  and  the  date  of  realisation  of  the  cheque or
                                                                            demand draft shall be the date of deposit.  
                                                                          6. Nomination:- (1) The depositor may at the time of opening of the account under these rules, nominate
                                                                            a person or persons  who,  in the event of death of the depositor,  shall be 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  the
                                                                            depositor  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.  

                                                                           

                                                                          The nomination made by the depositor may be cancelled or varied by a fresh nomination in FORM-C to the deposit office in which the account stands.  

                                                                          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 the

                                                                          depositor and the nominee's claim shall arise only after the death of both the depositor and the joint holder. 

                                                                          Explanation.- In case of joint account or where the sole nominee is the spouse, the spouse may continue the account in accordance with the proviso below sub-rule (3) of rule 8.3 

                                                                          (5) In case of a joint account or where the spouse is the sole nominee, the spouse shall also be eligible to make, cancel or vary the nomination made earlier, after the death of the depositor, in accordance with sub-rule (2) to (4). 

                                                                          (6) Every nomination and every cancellation or variation thereof shall be registered in the deposit office and shall be valid from the date of such registration, the particulars of which shall be entered in the pass book. 

                                                                          Interest on deposit :- (1) The deposit made under these rules shall bear interest at the rate of nine per cent per annum from the date of deposit.  

                                                                          (2)Interest shall be payable from the date of deposit to 31st March/30th June/30th September/31st December as the case may be, in the first instance and thereafter, interest shall be payable on 31st March, 30th June, 30th September and 31st December.  

                                                                          (3) In case any of the dates of interest payment, specified under sub-rule (2), fall on a Sunday or a holiday, the previous working day shall be deemed to be the due date for the purpose of interest payment. 

                                                                          (4) If so authorised, interest payable on the due dates as specified in sub rule (2), shall be credited to the depositor's savings account in the deposit office in which the account exists subject to the condition that by so credit of the interest amount, the maximum limit of balance, if any, in the savings account, is not exceeded. 

                                                                          (5) If the interest payable every quarter is not claimed by a depositor, such interest will not earn additional interest. 

                                                                          (6)Interest shall be rounded off to the nearest multiple of rupee one and for this purpose any amount of fifty paisa or more shall be treated as rupee one and any amount less than fifty paisa shall be ignored.

                                                                           

                                                                          (7)The excess amount referred to in sub-rule (4) of rule 4, shall carry interest at the rate applicable from time to time to the Post Office Savings Account and such interest shall be payable from the date of deposit of excess amount to the end of the month preceding the month in which the deposit office requests the depositor to withdraw the excess amount; the amount of excess interest, if any, already paid to the depositor, shall be deducted. 

                                                                          (8) In case of an account, continued after maturity under sub-rule (3) of rule 4, the deposit in such account shall earn interest at the rate applicable to the new accounts opened or to be opened under the provisions of these rules on the date of maturity. 

                                                                          (9)In case of an account which is not extended on maturity and closed at any time as per provisions of sub-rule (2) of rule 8, post maturity interest at the rate, as applicable to the deposits under the Post Office Savings Account from time to time, shall be payable on such matured deposits, upto the end of the month preceding the month of closure of the account. 

                                                                          Closure of account:- (1) The deposit made at the time of opening of account shall be paid by the deposit office at which the account stands to the depositor on or after expiry of five years from the date of the opening of the account on production of the pass book accompanied by a written application (withdrawal form) in FORM-E.  

                                                                          (2) In case the depositor does not close the account on maturity as specified under sub-rule (1), and also does not extend the account under sub-rule (3) of rule 4, the account shall be treated as matured and the depositor will be entitled to close the account at any time subject to the condition that post maturity interest as prescribed under sub-rule (9) of rule 7, shall only be admissible for the period beyond maturity. 

                                                                          (3) In case of death of a depositor before maturity, the account shall be closed and deposit refunded on an application in FORM-F, along with interest till the end of the month preceding the month in which refund is made, to the nominee or legal heirs in case the nominee has also expired or nomination, as provided in rule 6, was not made, as the case may be: 

                                                                          Provided that in case of a joint account, or where the spouse is the sole nominee, the spouse may continue the account on the same terms and conditions as specified under these rules: 

                                                                          Provided further that in case the spouse does not continue the joint account, the account shall be closed on an application in FORM-F and the deposit refunded along with interest as above. 

                                                                          Provided also that where both the spouses have opened separate accounts under the scheme, and either of the spouses dies during the currency of the account(s) under the scheme, the account(s) standing in the name of the deceased depositor/spouse shall not be continued in accordance with the first proviso and such accounts shall be closed. 
                                                                           

                                                                          (4) Where there is no nomination in force at the time of death of the depositor, the amount standing to the credit of the deceased depositor shall be paid by the deposit office to the legal heirs of the deceased depositor on receipt of an application in FORM-F along with a certificate of death of the depositor and a succession certificate or Letter of Administration with attested copy of probated will of the deceased depositor issued under the provisions of the Indian Succession Act, 1925 (39 of 1925). 

                                                                          Provided that the total amount including interest, payable upto rupees one lakh may be paid to the legal heirs on production of (i) a letter of indemnity, (ii) an affidavit, (iii) a letter of disclaimer on affidavit, and (iv) a certificate of death of the depositor on stamped paper, in the forms as in Annexures to Form-F.

                                                                           

                                                                            (5) No deduction,  as  specified under rule 9,  shall be made  in case of premature closure  of  an account at
                                                                            any time due to death of a depositor.
                                                                          9. Premature closure of account:- (1) Notwithstanding  anything  contained  in  sub-rule (2) of   rule   4, on
                                                                            an  application  in  FORM-E,  in  this  regard,  the  depositor  may  be  permitted  to  withdraw  the  deposit  and
                                                                            close the account at any time after the  expiry of one year from the date of opening  of  the account subject
                                                                            to the following conditions,  namely:-
                                                                            (a)  In case the account is closed after the expiry  of one year but before the expiry of two years from the
                                                                            date  of  opening   of  the  account,  an  amount  equal  to  one  and  a  half  per  cent  of  the  deposit  shall  be
                                                                            deducted and the balance paid to the depositor.
                                                                            (b)  In  case  the  account  is  closed   on  or  after  the  expiry  of  two  years  from  the  date  of  opening  of  the
                                                                            account,  an  amount  equal  to  one  per  cent  of  the  deposit  shall  be  deducted  and  the  balance  paid  to  the
                                                                            depositor.
                                                                            (2)  The  depositor   availing  the  facility  of  extension  of  account  under  sub-rule  (3)  of  rule   4,   may  be
                                                                            permitted to withdraw the deposit and close the account at any time after the expiry  of one year from the
                                                                            date of extension of the account without any deduction.

                                                                           

                                                                          10. Pass Book:- (1) On opening of an account, the depositor shall be given a pass book immediately, alongwith the depositor's copy of the pay-in-slip (Form-D) duly stamped and signed by the deposit office in token of having received the amount of deposit. The pass book shall bear the date of opening of account, the number of the account, the depositor's name, photograph(also name and photograph of the spouse in case of joint account) and address, the amount deposited, the quarterly interest payable alongwith due dates of payment, the date on which the deposit will be due for final payment, the name(s) of the nominee(s) and agent's name, agency code number, date and validity, in case the account has been introduced through an agent: 

                                                                          Provided that if the deposit is made by means of a cheque or a demand draft, the pass book shall be given to the depositor only on the date of deposit after encashment of the cheque or demand draft as provided under sub-rule (2) of rule 5. 

                                                                          The depositor availing of the facility of credit of interest in savings account under sub-rule (4) of rule 7, shall present the pass book to the deposit office at least once in a year for completion of entries.  

                                                                          The depositor not availing of the facility of credit of interest in savings account under sub-rule 4 of rule 7, shall present the pass book to the deposit office at the time of collecting interest every quarter.  

                                                                          In case of original pass book being lost, or mutilated or damaged, a duplicate pass book may be issued on payment of a fee of rupees ten in case of issue of first duplicate pass book and rupees twenty in case of any subsequent issue, on a simple application on plain paper. The issue of duplicate pass

                                                                          book(s) shall be noted by the deposit office in its office records including the ledger folio bearing particulars of the account. 

                                                                          (5) In case the lost pass book is found after issue of a duplicate pass book, it shall not be treated as valid for any purpose and shall be surrendered mmediately to the deposit office who shall destroy the same immediately in presence of the depositor. 

                                                                          11.Transfer of account from one deposit office to another:- A depositor may apply on FORM-G, enclosing the pass book thereto, for transfer of his account from one deposit office to another in case of change of residence: 

                                                                          Provided that where the deposit is rupees one lakh or above, a transfer fee of rupees five per lakh of deposit shall be payable.

                                                                           

                                                                          Account opened in contravention of rules:- Whenever it comes to notice that an account has been opened in contravention of these rules, the account shall be closed immediately and the deposit in the account, after deduction of the interest, if any, paid on such deposit, shall be refunded to the depositor.  

                                                                          Deposits by Non-Resident Indians(NRIs) and Hindu Undivided Families (HUF):-  

                                                                          (1) The Non Resident Indians are not eligible to open an account under these rules: 

                                                                          Provided that if a depositor who subsequently becomes a Non-Resident Indian during the currency of the account under these rules, the account may continue till its maturity on a non-repatriation basis and the account shall be marked as a Non-Resident account: 

                                                                          Provided further that the account continued under the above proviso, shall not be extended for any further period as provided under sub-rule (3) of rule 4. 

                                                                          Hindu Undivided Family  is also not eligible to open an account under these rules.  

                                                                            Power to relax:- Where the Central Government is satisfied that the operation of any of the provisions of these rules, causes undue hardship to the depositor, it may, by order, for reasons to be

                                                                            recorded in writing, relax the requirements of that provision in a manner not inconsistent with the provis ions of the Act. 
                                                                             

                                                                                            [F.No.2-8/2004-NS-II] 

                                                                                                              sd/-      . 

                                                                                                                                                (D. SWARUP) Secretary to Government of India

                                                                                                                                   

                                                                                                                                            FORM-A 

                                                                                                                                                  (See  clause (d) of rule 2 and sub rule (1) of  rule 3)

                                                                                                                                                                    Serial No………………….. 

                                                                                                                                                                      APPLICATION FOR OPENING OF AN ACCOUNT UNDER SENIOR CITIZENS SAVINGS SCHEME,  2004 

                                                                                                                                                                      TO    
                                                                                                                                                                        The Postmaster/Incharge
                                                                                                                                                                      Paste here a copy of  
                                                                                                                                                                         
                                                                                                                                                                        ……………………………………………………(name  of  the  Deposit  office)
                                                                                                                                                                      recent  
                                                                                                                                                                         
                                                                                                                                                                        …………………………………………………….
                                                                                                                                                                      photograph.  
                                                                                                                                                                         
                                                                                                                                                                        …………………………………………………….
                                                                                                                                                                         
                                                                                                                                                                        (Joint Photograph of both the  
                                                                                                                                                                        Depositor & Spouse   in case of a  
                                                                                                                                                                        joint account)  
                                                                                                                                                                           

                                                                                                                                                                      Your browser may not support display of this image. Your browser may not support display of this image. Your browser may not support display of this image. Your browser may not support display of this image. Your browser may not support display of this image. Your browser may not support display of this image. Your browser may not support display of this image.  

                                                                                                                                                                      *Name of Agent  (in case of the account introduced through agent)…………………………………………………………………. 

                                                                                                                                                                      Agency  Code  No…………………………………………….Dated……………………………….valid  upto………………………………………

                                                                                                                                                                      Your browser may not support display of this image.

                                                                                                                                                                                    PAN No . (of applicant)……………………………….**. 

                                                                                                                                                                                      Sir, 

                                                                                                                                                                                      1. I, ……………………………………………………………………, son/daughter/wife of………………………………………… ……, a permanent resident of…………………………………………………………………………………………………………………………………….…., aged…………years, hereby apply for opening of an account under the Senior Citizens Savings Scheme, 2004, (hereinafter referred to as the said scheme), in my name / jointly in my name and my spouse..………………………………… 

                                                                                                                                                                                      …………………………………………………………………………….(name and address of spouse with age)* and tender herewith Rs………………….. (Rupees………………………………………………………………………) in cash / cheque / demand draft, the particulars of which are filled in the enclosed 'pay-in-slip'( Form- D), towards deposit in the account. 

                                                                                                                                                                                      2. I/we* hereby declare that,- 

                                                                                                                                                                                      (i) I/we*  have  clearly  understood the  Senior  Citizens  Savings  Scheme  Rules,  2004  governing  the  accounts   under 

                                                                                                                                                                                      the   said scheme, as amended from time to time(hereinafter referred to as the said rules);

                                                                                                                                                                                      I/we* shall abide by the said rules in letter and spirit;

                                                                                                                                                                                      the details of other accounts opened earlier by me/us* under the said scheme, are as under:-  

                                                                                                                                                                                      Sl. Name    of    depositor(s)    &    Type    of Name    and    Addresss Account No. with Amount  of  Deposit
                                                                                                                                                                                      No. account (Individual/Joint) of  the  Deposit  office date of opening    
                                                                                                                                                                                      1            
                                                                                                                                                                                      2            
                                                                                                                                                                                      3            
                                                                                                                                                                                                   

                                                                                                                                                                                       

                                                                                                                                                                                      (iv) I/we* shall adhere to the ceiling on deposits, taking the deposits in all the accounts opened by me/us* together, as specified in rule 4 and amended from time to time. In case, at any time, any excess deposit is found, such excess deposit will be refunded to me/us* after recovery of excess interest under sub-rule (8) of rule 7.

                                                                                                                                                                                       

                                                                                                                                                                                      3. I nominate the following person / persons, mentioned below, to whom, to the exclusion of all other persons, in the event of my death the amount standing to my credit in the account would be payable in accordance with the provisions contained in rule 6: 

                                                                                                                                                                                                TABLE 

                                                                                                                                                                                                  Sl. Name(s)of the nominee(s)   Date(s) of birth of Share of   the
                                                                                                                                                                                                  No. alongwith relationship with Permanent Address nominee(s) in case nominee(s) in the
                                                                                                                                                                                                    the depositor       of a   minor/   age in amount payable.  
                                                                                                                                                                                                              other case(s)              
                                                                                                                                                                                                  (1)   (2)     (3)     (4)         (5)    
                                                                                                                                                                                                                 
                                                                                                                                                                                                           
                                                                                                                                                                                                  Photograph(s) of the nominee(s)   Signature/thumb  impression  of  the  nominee(s)      
                                                                                                                                                                                                        (6)             (7)".          
                                                                                                                                                                                                                                   

                                                                                                                                                                                                   

                                                                                                                                                                                                  3(a) As the nominee(s) at Serial No.(s)……………………………above is/are minor(s), I appoint Shri/Smt./Kumari………………………………………………………………………………………………………[name(s) with permanent address(es) of the person(s) in respect of each minor nominee] to receive the sum due under the said account in the event of my death during the minority of the nominee(s). 

                                                                                                                                                                                                     
                                                                                                                                                                                                    Signature/Thumb impression of the depositor
                                                                                                                                                                                                  Witnesses(Signature, name and address):        
                                                                                                                                                                                                  1………………………………………………………………………        
                                                                                                                                                                                                  2……………………………………………………………………… Date……………………………At  (Place)………………………….
                                                                                                                                                                                                  My/our*  specimen signatures (thumb impression),   are as below:-      
                                                                                                                                                                                                  (i) First depositor:-          
                                                                                                                                                                                                                   
                                                                                                                                                                                                    1.
                                                                                                                                                                                                    2. `     3. .  
                                                                                                                                                                                                                   
                                                                                                                                                                                                  (ii) *Joint depositor:-            
                                                                                                                                                                                                                   
                                                                                                                                                                                                    1.
                                                                                                                                                                                                    2. `     3. .  
                                                                                                                                                                                                                 
                                                                                                                                                                                                  #Witness……………………………………… #Witness…………………………………… #Witness……………………………………………
                                                                                                                                                                                                  (Countersigned   Postmaster/Incharge) (Countersigned Postmaster/Incharge) (Countersigned   Postmaster/Incharge)
                                                                                                                                                                                                  Date……………………….…& office Seal Date……………………………& office Seal   Date…………………………&  office  Seal

                                                                                                                                                                                                   

                                                                                                                                                                                                  4. I also declare that the information provided by me / us* in the application hereinabove, is true to the best of my/our knowledge and belief and in case, at any time, any of the information and/or declaration is found false, no interest on the deposits shall be payable to me/us*, the deposit office shall close the account(s) and refund the deposits after recovery of the interest, if any, already paid on the deposits.

                                                                                                                                                                                                   

                                                                                                                                                                                                                  Yours faithfully, 
                                                                                                                                                                                                                   
                                                                                                                                                                                                                   

                                                                                                                                                                                                                                    (Signature of the applicant)

                                                                                                                                                                                                                                      Date………………………………… 

                                                                                                                                                                                                                                      Place……………………………….. (Present Postal Address) 

                                                                                                                                                                                                                                      Enclosures:  
                                                                                                                                                                                                                                      1. Age proof.
                                                                                                                                                                                                                                      2. Copy of receipted application form for allotment of PAN, if PAN is not allotted.
                                                                                                                                                                                                                                      3. Pay-in-Slip (Form-D), duly filled in alongwith amount of deposit.
                                                                                                                                                                                                                                      4. Certificate  from  the  employer  as  specified  in  sub-clause (ii) of clause (d) of rule 2.

                                                                                                                                                                                                                                       

                                                                                                                                                                                                                                      ————————————————————————————————————–

                                                                                                                                                                                                                                        *: Score out whichever is not applicable. 

                                                                                                                                                                                                                                        **: (1)The applicant(s) who are not assessed to income tax, may fur nish a self declaration, that their income from all sources (including the interest income from the account to be opened vide this application) does not cross the exemption limit and the applicant is not required to obtain PAN under Income Tax Act, 1961, as amended from time to time. 

                                                                                                                                                                                                                                        (2) All other applicants shall mention the PAN No. compulsorily and in case they have not so far been allotted PAN by the Income Tax Authorities, attested photocopy of the receipted application form for allotment of PAN should be attached to the application form. 

                                                                                                                                                                                                                                        #: in case of thumb impression. 

                                                                                                                                                                                                                                        NOTE: (1) Self attested copies of any of the following documents can be enclosed as age proof:- Birth Certificate issued by the Municipal authority/ Gram Panchayat/District Office of the Registrar of Births and Deaths; Voter Identity Card issued by the Election Commission of India; PAN Card; Passport; Ration Card; Date of birth certificate from the school last attended by the applicant or any other recognised educational institution or Driving Licence issued by the local licensing authority. 

                                                                                                                                                                                                                                        (2) Originals of the documents attached, should also be produced simultaneously for verification and return immediately.

                                                                                                                                                                                                                                        Your browser may not support display of this image.

                                                                                                                                                                                                                                                FOR  THE  USE  OF  DEPOSIT  OFFICE 

                                                                                                                                                                                                                                                  The   account   has   been   opened   on…………………………….with   Rs…………………………………….(Rupees……………… 

                                                                                                                                                                                                                                                   …………………………………………………) under the Senior Citizens Savings Scheme, 2004. Account No……………………………………..Ledger folio No………………………………… 

                                                                                                                                                                                                                                                  Agent's name, agency code number, date and validity have been entered in the ledger folio as well as Pass book(in case of account introduced through agent). 

                                                                                                                                                                                                                                                  Pass Book No…………………………………….has been issued. 

                                                                                                                                                                                                                                                  Date…………………………………….. Signature  of  the  Incharge  of  Deposit  Office

                                                                                                                                                                                                                                                                (alongwith  name  and  designation  stamp)

                                                                                                                                                                                                                                                                  Your browser may not support display of this image.  

                                                                                                                                                                                                                                                                            FORM-B

                                                                                                                                                                                                                                                                                      (See sub-rule (3) of rule 4)

                                                                                                                                                                                                                                                                                                        Serial No…………………..

                                                                                                                                                                                                                                                                                                            APPLICATION FOR EXTENSION OF AN ACCOUNT UNDER

                                                                                                                                                                                                                                                                                                                  SENIOR CITIZENS SAVINGS SCHEME, 2004

                                                                                                                                                                                                                                                                                                                    TO 

                                                                                                                                                                                                                                                                                                                    The Postmaster/Incharge,

                                                                                                                                                                                                                                                                                                                    ……………………………………………………(name  of  the  Deposit  office) 

                                                                                                                                                                                                                                                                                                                    ……………………………………………………. 

                                                                                                                                                                                                                                                                                                                    ……………………………………………………. 

                                                                                                                                                                                                                                                                                                                    Subject: Application for extension of an account for three years, with effect from……………………………….(date/month/year). 

                                                                                                                                                                                                                                                                                                                    Sir, 

                                                                                                                                                                                                                                                                                                                    I, ……………………………………………………………………, son/daughter/wife of………………………………………… ……, a depositor of account No. …………………….….,, (hereinafter referred to as the 'said account') hereby apply for continuation of the account under the Senior Citizens Savings Scheme, 2004 (hereinafter referred to as 'the said scheme'), for a further period of three years from the date of maturity of my above-said account.  

                                                                                                                                                                                                                                                                                                                    I have understood the terms and conditions applicable to the account during the period of extension under the Senior Citizens Savings Scheme Rules, 2004 as amended from time to time.  

                                                                                                                                                                                                                                                                                                                    I shall close the account immediately on completion of the extended period and get back the deposit standing at my credit in the account after adjustment of the interest paid in excess, if any, and any other charges recoverable in connection with the said account.  
                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                     

                                                                                                                                                                                                                                                                                                                    Date…………………………
                                                                                                                                                                                                                                                                                                                            Signature  of  the  Depositor
                                                                                                                                                                                                                                                                                                                          Place…………………………………
                                                                                                                                                                                                                                                                                                                                  (  name  and  address)

                                                                                                                                                                                                                                                                                                                                ———————————————————————————————————————————————–

                                                                                                                                                                                                                                                                                                                                        FOR  THE  USE  OF  DEPOSIT  OFFICE 

                                                                                                                                                                                                                                                                                                                                          The account No……………………….. which was opened on…………………………….with Rs……………………………………. (Rupees………………… …………………………………………………) under the Senior Citizens Savings Scheme, 2004 and matured on…………………………….., has been extended for a period of three years with effect from……………………….. to………………………….. Rate of interest at…..……………… per cent per annum as applicable under the scheme to fresh deposits opened or to be opened on the date of maturity, shall be applicable during the extended period of the deposit. 

                                                                                                                                                                                                                                                                                                                                                Necessary entries have been made in the Pass Book No………………………… and relevant Ledger folio No……………………… accordingly. 
                                                                                                                                                                                                                                                                                                                                           

                                                                                                                                                                                                                                                                                                                                          Date…………………………………….. Signature  of  the  Incharge  of  Deposit  Office

                                                                                                                                                                                                                                                                                                                                                        (along with  name  and  designation  stamp)

                                                                                                                                                                                                                                                                                                                                                           

                                                                                                                                                                                                                                                                                                                                                                    FORM-C

                                                                                                                                                                                                                                                                                                                                                                                (See rule 6)

                                                                                                                                                                                                                                                                                                                                                                                                  Serial No………………….. 

                                                                                                                                                                                                                                                                                                                                                                                                    APPLICATION  FOR  NOMINATION/CHANGE/CANCELLATION  OF  NOMINATION   UNDER  SENIOR  CITIZENS 

                                                                                                                                                                                                                                                                                                                                                                                                            SAVINGS SCHEME, 2004 

                                                                                                                                                                                                                                                                                                                                                                                                              TO 

                                                                                                                                                                                                                                                                                                                                                                                                              The Postmaster/Incharge,

                                                                                                                                                                                                                                                                                                                                                                                                              ……………………………………………………(name of the Deposit office)

                                                                                                                                                                                                                                                                                                                                                                                                              …………………………………………………….

                                                                                                                                                                                                                                                                                                                                                                                                              ……………………………………………………. 

                                                                                                                                                                                                                                                                                                                                                                                                              Subject: Application for  Nomination or  Change/Cancellation of Nomination.

                                                                                                                                                                                                                                                                                                                                                                                                              Sir, 

                                                                                                                                                                                                                                                                                                                                                                                                              1.* I,………………………………………………hereby nominate the following person / persons, mentioned below, to whom, to the exclusion of all other persons, in the event of my death the amount standing to my credit in the account No………………………would be payable in accordance with the provisions contained in rule 6 of Senior Citizens Savings Scheme Rules, 2004. 

                                                                                                                                                                                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                                                                                                                                                                                                  TABLE
                                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                                         
                                                                                                                                                                                                                                                                                                                                                                                                                Sl. Name(s)of the nominee(s)   Date(s) of birth of Share of   the
                                                                                                                                                                                                                                                                                                                                                                                                                No. alongwith relationship with Permanent Address nominee(s) in case nominee(s) in the
                                                                                                                                                                                                                                                                                                                                                                                                                  the depositor       of a   minor/   age in amount payable.  
                                                                                                                                                                                                                                                                                                                                                                                                                            other case(s)              
                                                                                                                                                                                                                                                                                                                                                                                                                (1)   (2)     (3)     (4)         (5)    
                                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                                         
                                                                                                                                                                                                                                                                                                                                                                                                                Photograph(s) of the nominee(s)   Signature/thumb  impression  of  the  nominee(s)      
                                                                                                                                                                                                                                                                                                                                                                                                                      (6)             (7)".          
                                                                                                                                                                                                                                                                                                                                                                                                                                                 

                                                                                                                                                                                                                                                                                                                                                                                                                 

                                                                                                                                                                                                                                                                                                                                                                                                                2.* As the nominee(s) at Serial No.(s)……………………………above is/are minor(s), I appoint Shri/Smt./Kumari………………………………………………………………………………………………………[name(s) in full with complete address(es) of the person(s) in respect of each minor nominee] to receive the sum due under the said account in the event of my death during the minority of the nominee(s). 

                                                                                                                                                                                                                                                                                                                                                                                                                3.* This is in supercession of the nomination(s), made by me earlier at the time of opening of account/vide my application dated……………………………… . 

                                                                                                                                                                                                                                                                                                                                                                                                                4.* I…………………………………………………, hereby request to cancel the nomination made by me earlier vide my application dated………………………….. 

                                                                                                                                                                                                                                                                                                                                                                                                                Witnesses(Signature, name and address): 

                                                                                                                                                                                                                                                                                                                                                                                                                1………………………………………………………………………… Signature of the depositor 

                                                                                                                                                                                                                                                                                                                                                                                                                                (Name and address)

                                                                                                                                                                                                                                                                                                                                                                                                                                  2………………………………………………………………………….

                                                                                                                                                                                                                                                                                                                                                                                                                                   

                                                                                                                                                                                                                                                                                                                                                                                                                                  Date……………………………At (Place)………………………….

                                                                                                                                                                                                                                                                                                                                                                                                                                  *Score out whichever is not applicable.

                                                                                                                                                                                                                                                                                                                                                                                                                                  Your browser may not support display of this image.

                                                                                                                                                                                                                                                                                                                                                                                                                                          FOR  THE  USE  OF  DEPOSIT  OFFICE 

                                                                                                                                                                                                                                                                                                                                                                                                                                                        The above nomination has been registered on…………………………………….. AND/OR the earlier nomination dated………………………………………has been changed/cancelled. 

                                                                                                                                                                                                                                                                                                                                                                                                                                            Necessary entries have been made in the Pass Book (No…………………………) and relevant Ledger folio No………………………… accordingly. 

                                                                                                                                                                                                                                                                                                                                                                                                                                            Date…………………………………….. Signature of the  Incharge  of  Deposit  Office 

                                                                                                                                                                                                                                                                                                                                                                                                                                                            (alongwith  name  and  designation  stamp)

                                                                                                                                                                                                                                                                                                                                                                                                                                                               

                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                                                FORM-D
                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                (See sub-rule  (1) of rule 3 and rule 10)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                                                                                                                                                                                Serial No…………………..
                                                                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                PAY – IN – SLIP  FOR  DEPOSITS
                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                    UNDER SENIOR CITIZENS SAVINGS SCHEME, 2004    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Counterfoil (1)       Counterfoil (2)    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                Depositor's copy
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Deposit Office's copy  
                                                                                                                                                                                                                                                                                                                                                                                                                                                              Name  of  Deposit  Office   Name  of  Deposit  Office    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                                                              Name  of  depositor…………………………………………. Name  of  depositor………………………………………….  
                                                                                                                                                                                                                                                                                                                                                                                                                                                              Address:       Address:      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                                                                                                                                                                                                                                              Father's/Husband's  name:   Father's  /  Husband's  Name:    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                                                                                                                                                                              *Name   of   Agent   (in case   of    account ntroducedi   through *Name   of   Agent   (in case   of    account introduced throug
                                                                                                                                                                                                                                                                                                                                                                                                                                                              agent)  with  agency  code  No., date  and validity……………… agent)  with  agency  code  No., date  and validity…………………
                                                                                                                                                                                                                                                                                                                                                                                                                                                              …………………………………………………………………………………….. …………………………………………………………………………………….
                                                                                                                                                                                                                                                                                                                                                                                                                                                              Account  No……………………..  Date…………………… Account  No……………………..  Date……………………  
                                                                                                                                                                                                                                                                                                                                                                                                                                                              (to  be  filled  in  by  deposit  office)   (to  be  filled  in  by  deposit  office)    
                                                                                                                                                                                                                                                                                                                                                                                                                                                              Ledger Folio……………….(to be filled by deposit office) Ledger Folio……………….(to be filled by deposit office)  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                                                                                                                                                                              Amount  of  Deposit (Rs.)#     Amount of Deposit (Rs.)#    
                                                                                                                                                                                                                                                                                                                                                                                                                                                              Cheque/Demand  Draft       Cheque/Demand  Draft      
                                                                                                                                                                                                                                                                                                                                                                                                                                                              realisation charges (Rs.)##     realisation charges (Rs.)##    
                                                                                                                                                                                                                                                                                                                                                                                                                                                              Account  Transfer  Fee (Rs.)##     Account  Transfer  Fee (Rs.)##    
                                                                                                                                                                                                                                                                                                                                                                                                                                                              Fee   for   issue   of   Duplicate    Pass    Book     Fee   for   issue   of   Duplicate   Pass   Book    
                                                                                                                                                                                                                                                                                                                                                                                                                                                              (Rs.)##         (Rs.)##      
                                                                                                                                                                                                                                                                                                                                                                                                                                                              Other charges, if any.   (Rs.)##     Other charges, if any.   (Rs.)##    
                                                                                                                                                                                                                                                                                                                                                                                                                                                              TOTAL AMOUNT
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  (Rs.)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                    TOTAL AMOUNT      (Rs.)    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
                                                                                                                                                                                                                                                                                                                                                                                                                                                                Total Amount in words (Rupees……………………………. Total Amount in words (Rupees…………………………….  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                ……………………… …………………………………………….) ……………………… …………………………………………….)  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                Details  of  CASH  DEPOSIT:   AMOUNT Details  of  CASH  DEPOSIT: AMOUNT  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                1000 x         1000 x      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                500 x         500 x      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                100 x         100 x      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                50 x         50 x      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                20 x         20 x      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                10 x         10 x      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                05 x         05 x      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                02 x         02 x      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                01 x         01 x      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                COINS           COINS        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                TOTAL (CASH):       TOTAL (CASH):      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                Cheque  /Demand  Draft  No.  and  date:     Cheque  /Demand  Draft  No.  and  date:    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                ………………………………………………..     ………………………………………………….    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                Bank  /  Branch  on  which  drawn:     Bank  /  Branch  on  which  drawn:    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                …………………………………………………..     …………………………………………………    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                AMOUNT (RUPEES)   :       AMOUNT   (RUPEES)   :      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                By (Depositor's signature)     By (Depositor's signature)    

                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                      (   P. T. O.)      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  (   P. T. O
                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Continued  from  prepage………………….     Continued  from  prepage………………….  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  TO BE COMPLETED BY DEPOSIT OFFICE
                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  TO BE COMPLETED BY DEPOSIT OFFICE
                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Head    of    Government    Account(to    be    entered    by    Deposit   Head    of    Government    Account(to    be    entered    by    Depos
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Office)#  /  ##……………………….…………………………………     Office)#  /  ##……………………….………………………………….  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  ………………………………………………………………………………………   …………………………………………………………………………………….
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Received Rs………………….. (Rupees………………………   Received Rs………………….. (Rupees……………………..
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  …………………………………………………………………….)   ……………………………………………………………………..
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  as   detailed   hereinabove.   For   deposit    in   Account   as   detailed   hereinabove.   For   deposit    in   Accoun
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  No……………………………………..     No…………………………………..  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  *Agent's Commission  at  the  rate  of……… per cent of deposit   *Agent's Commission at  the  rate  of……… per cent of deposit
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  amounting to Rs………… (Rupees……………………………..)###   amounting to Rs…………  (Rupees …………………………… ) ###
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  has been paid  at source (under receipt).   has been paid  at source (under receipt).  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Cashier's  scroll  No…………………………..     Cashier's  scroll  No…………………………..  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Signature of Cashier       Signature of Cashie
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  (with  name  and  office  seal)  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                        (with  name  and  office  sea
                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Supervisor/Incharge       Supervisor/Incharg
                                                                                                                                                                                                                                                                                                                                                                                                                                                                        of  Deposit  office  alongwith  office  seal  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                            of  Deposit  office  alongwith  office  se
                                                                                                                                                                                                                                                                                                                                                                                                                                                                            NOTE:  1.  The  cheque/demand  draft  should  be  in  favour  of   NOTE:  1.  The  cheque/demand  draft  should  be  in  favour  o
                                                                                                                                                                                                                                                                                                                                                                                                                                                                            the   Deposit   Office,   or   in   favour   of   the   depositor   duly   the   Deposit   Office,   or   in   favour   of   the   depositor   dul
                                                                                                                                                                                                                                                                                                                                                                                                                                                                            endorsed   in  favour  of  the  deposit  office.   endorsed in  favour  of  the  deposit  office.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                            2.  Cheques  /  Demand  Drafts  are  subject  to  realisation  of   2.  Cheques  /  Demand  Drafts  are  subject  to  realisation  o
                                                                                                                                                                                                                                                                                                                                                                                                                                                                            the proceeds.     the proceeds.  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                            * Score out if not applicable     * Score out if not applicable  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                            #:  In respect of Deposits:-Major  Head:8001– National   #:  In respect of Deposits:-Major  Head:8001– Nationa
                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Savings  Deposits.     Savings  Deposits.  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                            ##:    In   respect   of   various   charges:- Major   Head:   ##:    In   respect   of   various   charges:- Major   Head
                                                                                                                                                                                                                                                                                                                                                                                                                                                                            8008- Income    and    Expenditure    of    NSSF.00.104.Other   8008- Income    and    Expenditure    of    NSSF.00.104.Othe
                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Incomes.     Incomes.  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                            ###:In respect of agency commission to agents:   ###:In respect of agency commission to agents:
                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Major Head: 8008- Income and Expenditure of   Major Head: 8008- Income and Expenditure of
                                                                                                                                                                                                                                                                                                                                                                                                                                                                            NSSF.03.104     NSSF.03.104  

                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  FORM – E

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          (See sub rule (1) of rule 8 and rule 9)

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Serial No………………….. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              APPLICATION FOR CLOSURE OF AN ACCOUNT UNDER SENIOR CITIZENS SAVINGS SCHEME, 2004

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              TO 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              The Postmaster/Incharge,

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              ……………………………………………………(name  of  the  Deposit  office)

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              ……………………………………………………. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Subject: Application  for  withdrawal/closure  of   account. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Sir, 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              1. I,……………………………………………………………………,son/daughter/wife of……………………………………… …… resident of ………………………………………………………………………………………………………………………… …………………, 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              and depositor of account No. …………………….….….. (hereinafter referred to as the 'said account') hereby apply for closure of the said account with immediate effect. The interest of Rs…………………………. and deposit of Rs……………………………………………………………………………..TOTAL(INTEREST+DEPOSIT) Rs………………………….. (Rupees………………………………………………………… ………………………), *after adjustment of overpaid interest and/or deduction equal to …………per cent of the deposit, amounting to Rs……………………………….. (Rupees………………………………………………………………… ……………………) and any other charges, recoverable from me in respect of the account in question, may kindly be refunded to me immediately. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              2. The  Pass  Book  is  enclosed. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Signature  or  thumb  impression  of  the  Depositor 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            —————————————————————————————————————————————-

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            ————–

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    FOR USE BY   THE DEPOSIT OFFICE 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      ACCOUNT No…………………………DATE OF DEPOSIT……………………………AMOUNT OF DEPOSIT: Rs………………………………. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Withdrawal on account of Interest Rs………………………….. and deposit Rs…………………………………………..totalling to Rs.……………………………………… (Rupees…………………………………………………………………………………………………) is sanctioned in favour of the depositor. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      *Recovery of overpaid interest Rs…………………………………, deduction of Rs.……………………………………………. and Other Charges (to be specified) Rs…………………………… totalling to Rs…………………………………. (Rupees…………………..……………………………………………………………………………………………) has been adjusted. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      NET AMOUNT PAID  Rs………………… (Rupees……………………………………………………………………) 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              RECEIPT 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Received a sum of Rs…………………………………… (Rupees…………………………………………………………….……………….) from…………………………………………………………..(Name of Deposit office) as per details furnished above. 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Signature / Thumb impression of the depositor 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Signature of in-charge of Deposit Office (Alongwith name and designation stamp) 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              *: Score out whichever is not applicable.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        FORM – F 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                (See sub-rules (3)  and  (4) of  rule  8) 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Serial No…………………..

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    APPLICATION FOR CLOSURE OF ACCOUNT UNDER SENIOR  CITIZENS SAVINGS SCHEME, 2004

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        BY SPOUSE(JOINT  HOLDER)  / NOMINEE(S)/LEGAL  HEIRS

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          TO

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          The Postmaster/Incharge,

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            ……………………………………………………(name  of  the  Deposit  office)

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              ……………………………………………………. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Subject: Application for withdrawal /closure of   account. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Sir, 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                I/WE* …………………………………………………………………… the spouse (Joint holder) / nominee(s) /legal heirs of late……………………………………………. , the depositor to the Senior Citizens Savings Scheme, 2004 account No…………………………………………….. wish to withdraw the entire amount standing to the credit of the deceased in the said account. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Please find enclosed:-

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  (i)   A  certificate  in  regard  to  the  death  of  the  Depositor. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  (ii)*A Certificate in regard to the death of Shri/ Shrimati…………………………………………………………………….and Shri/Shrimati………………………………..……………………… also the nominee(s) appointed by the Depositor. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  (iii)** Succession Certificate/Letter of Administration with attested copy of probated will of the deceased depositor issued under the provisions of the Indian Succession Act, 1925. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  (iv) Pass Book of the Depositor. (v)# Letter of Indemnity.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  (vi)# Affidavit.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  (vii)# Letter  of  disclaimer  on  affidavit 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Signature  or  thumb  impression  of claimant(s)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Witness……………………………………………  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  …………(Signature, name and address)………..  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Date………………………………………………………………..  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Place……………………………………………………………….  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        FOR USE BY   THE DEPOSIT OFFICE
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Withdrawal    of Rs……………………………………    (Rupees………………………………………………………………………….…….)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  is  sanctioned.          
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Adjustments made (to be specified) Rs………………………………………….
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  (Rupees…………………………………………………..)  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  NET
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    AMOUNT
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      PAYABLE
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Rs………………..………………

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    (Rupees…………………………………………………………………………)

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        RECEIPT TO BE SIGNED   BY THE CLAIMANT(S) 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Received a sum of Rs……………………………………. (Rupees………………………………………………………………………….) from………………………………………………………….. (Name of Deposit office) as per details furnished above, in full settlement of our claim. 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Signature / Thumb impression of the claimant(s) 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Signature of in-charge of Deposit Office (Alongwith name and designation stamp) 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        *: Delete whichever is not applicable. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        **: Strike off if there is a valid nomination. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        #:  To  be  produced  by  legal  heirs,  in  the  absence  of  nomination(s)  for  claims  upto  Rs.  1  lakh.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                ANNEXURE- I TO   FORM –  F

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          (Letter of indemnity) 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            TO 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            The  Postmaster  /  Incharge,

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              ……………………………………… (Name of the deposit office) 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      In consideration of your payment or agreeing to pay me / us…………………………………………………………………………

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                ………………………………………………………………………………………………………………………………………………………………

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                ……………….. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                [Name(s)  of  Legal  heir(s)]  the  sum  of  Rs…………………………  (Rupees…………………………………………………… 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                ……………………………………………………..) standing in the account No…………………………………………under SENIOR CITIZENS SAVINGS SCHEME, 2004 with your office in the name of ………………………………………………………. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                …………… ……………… …………without production of letters of administration or a succession certificate to the estate of the deceased……………………………………………………………………(name of the depositor), I/We……………………………………………………………………………………………………………………… and we…………………………………… ……………………………………………….. (sureties) do hereby for ourselves and our heirs, legal representatives, executors and administrators jointly and severally undertake and agree to indemnify you and your successors and assigns against all claims, demands, proceedings, losses, damages, charges and expenses which may be raised against or incurred by you by reason or in consequence of having agreed to pay/or paying me/us the sum as aforesaid. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      In witness whereof we have hereunto set my/our hands at this……………..day of………………………………in the presence of witnesses, 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Signed and delivered by the above named heir/heirs of the deceased. 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Signed and delivered  by  the 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                above  named  sureties  (Signature, names and address) 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                1. 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                2. 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Signature,  names  and  address  of  witnesses: 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                1. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                2. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                ATTESTED 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  NOTARY  PUBLIC

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            ANNEXURE- II TO   FORM  –  F

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          (Affidavit) 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            TO 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            The  Postmaster  /  Incharge,

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              ………………………………………(Name of the deposit  office) 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      I / We……………………………………………….Husband of / wife of late……………………………………..……………………………… aged………….. aged………….. aged………….. sons/daughters of the said late…………………………………………………………………… resident of………………………………………………………………………….do hereby declare and solemnly affirm as under :- 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                That I / we am/are the only heir(s) of the deceased………………………………………….who died at…………………………….. on……………………………………. I / We alone represent the estate of Shri/Smt……………………………………………………  

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  That the deceased…………………………………..did not leave any will and therefore I / we are the only successor(s) to the estate of the said deceased.  

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    1.  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      2.  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        3. 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          DEPONENTS 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            VERIFICATION: I / We, the above-named deponents do hereby verify on solemn affirmation in………………………………… (name of place) that the contents of this affidavit are true to the best of my/our knowledge and nothing material has been concealed. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Dated…………………. 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            1. 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              2. 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                3. 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  DEPONENTS

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    ATTESTED 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    OATH COMMISSIONER

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            ANNEXURE- III TO   FORM –  F

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      (Letter  of  disclaimer  on  Affidavit) 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        TO 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        The Postmaster /  Incharge,

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          ………………………………………(Name  of  the  deposit  office) 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            I / We (i) …………………………………………….Husband of / wife of …………………………………………..……………………………. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Resident  of…………………..…………………………………………………………………………………………………………………………………………… 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              ……………………………………………………….…………   son/daughter   of    ………………………………………….………………………………  

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              …………………………… ………………………………………son/daughter of ……………………………………….……………………………………  

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              do  hereby  declare  and  solemnly  affirm  as  follows  :- 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              That Shri/Smt………………………………………………………………………………….died intestate on…………………………….…… leaving behind us……………………………………………………………………………………………..his/her only heirs.  

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              That we…………………………………………………………………………………………………..heirs of our late father/mother for ourselves and on behalf of our heirs, executors, representatives and assigns to hereby relinquish our claims to the balance of Rs………………………………………………………which may be credited to the account sought by our mother/father to be opened in the deposit office in the name of the estate of the said………………………………………………………………………………… deceased father/mother after the realisation of Draft No…………………………………………………on ………………………………….  

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              issued by …………………………………………………………………………………………………….. (name of the deposit office) and we have no objection whatsoever in the balance in the above-referred account No………………………………………together with interest, if any, accrued thereon being paid by the Deposit office to our mother/father Mrs./Mr…………………………………………………………… 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              1. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                2. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  3. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    DEPONENTS 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      VERIFICATION: I / We, the above -named deponents do hereby verify on solemn affirmation that the contents of this affidavit are true to the best of my/our knowledge and nothing material has been concealed. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Dated………………….

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            1. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    2. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            3. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              DEPONENTS 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                I identify the deponent(s) who is/are personally known to me and who has/have signed in my presence. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Dated…………………………

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Oath  Commissioner

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          FORM – G

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      (See   rule 11)

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Serial No………………….. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          APPLICATION FOR TRANSFER OF ACCOUNT UNDER SENIOR CITIZENS SAVINGS SCHEME, 2004 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          TO 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          The Postmaster/Incharge, 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            ……………………………………………………(name  of  the  Deposit  office)

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              ……………………………………………………. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Subject: Application  for  Transfer  of   account  to  another  Deposit  office. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Sir, 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                1. I, ……………………………………………………………………, son/daughter/wife of…………………………………………………… ……, Resident of …………………………………………………………………………………………………………………………………………………………, a depositor of account No. …………………….….….hereby apply for TRANSFER OF MY ACCOUNT No…………………………with a deposit, of Rs………………(Rupees……………………………… ………………………… ………………………) under the Senior Citizens Savings Scheme, 2004 to……………………………………………………………………..…………………………………………………………………… 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                …………………………………………………………………………………………..(Name and full address of the transferee  deposit office) 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                2. The Pass Book is enclosed. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Signature  or  thumb  impression   of  the  Depositor 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Witness……………………………………………*

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  ………(signature, name and address)…………..

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  My specimen signature/thumb impressions, as available in the record of transferer  deposit  office,  are  as  below:-

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  (i)  Ist  Depositor:- 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    1.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      2.     3.      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  *Witness………………………………………   *Witness…………………………………… *Witness……………………………………………
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  (i) Joint  Depositor:-          
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    1.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      2.     3.      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Countersigned   Postmaster/Incharge (Countersigned Postmaster/Incharge (Countersigned Postmaster/Incharge
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      of Transferer office)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        of Transferer office)   of Transferer  office)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Date……………………….…& office Seal   Date……………………………& office Seal Date…………………………&  office  Seal

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Forwarded to:…………………………………………………………….………(Transferee Deposit office) and necessary entries passed in the office record(s). 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Signature & office seal (Transferer Deposit office) Date……………………………………

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Your browser may not support display of this image.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            FOR USE BY  THE TRA NSFEREE  DEPOSIT  OFFICE 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              A. Received application for transfer of account No…………………………………………………opened on…………………………….. under SENIOR CITIZENS SAVINGS SCHEME, 2004, in the name of ………………………………………………………… 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              &………………………………………………(joint      holder,      if      any)      standing      on      the      books      of      the……………………………… 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              …………………………………………………………………………….(name and address of the transferer deposit office) showing a deposit of Rs……………………….(Rupees…………………………..………………………………………), due to mature on………………………

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              B. The entries in the pass book have been checked, necessary entries indicating transfer, have been made and pass book has been returned to the depositor. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Pass Book received in Original.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Your browser may not support display of this image.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                #(Signature/thumb impression of the depositor ) Date…………………………………………

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Date……………………………

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  *:  In case of thumb impression. 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Signature of Postmaster / In-charge (with office seal)Transferee Deposit Office. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  #:  to  be  signed  on  receipt  of  the  pass  book  at  the  transferee  deposit  office. 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      THIS IS FOR PUBLIC INFORMATION:

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Your browser may not support display of this image.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Given hereinabove is the electronic version of the Senior Citizens Savings Scheme Rules, 2004. The accuracy of conversion to the electronic medium is subject to usual constraints. Hence, nothing in the above document may in any case be construed as an authority. For legal purposes and/or ruling position, the nearby post office or a designated branch of a bank operating the scheme, may be contacted.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        National Savings Certificate (NSC) from Indian Post Office

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        National Savings Certificate

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Interest Rate

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Period during which purchased  

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Maturity Value for a Denomination of      Rs.100.00    

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        From   To  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          01.01.1999   14.01.2000   Rs.195.60
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        15.01.2000 28.02.2001   Rs.190.12  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        01.03.2001 28.02.2002   Rs.174.52  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        01.03.2002 28.02.2003   Rs.169.59  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        01.03.2003 onwards   Rs.160.10  

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Features

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        One person can be nominated for certificates of denomination of Rs. 100- and more  than one person can be nominated for higher denominations.  

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Maturity period is 6 years.  No premature encashment is permitted in the normal course.   

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        PREMATURE ENCASHMENT under sub-rule (1) of rule 16 after the expiry of  three years from the date of purchase of certificate.  Table below for a certificate of Rs.100 denomination and at a proportionate rate for a certificate of any other denomination.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Table

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Period from the date of the certificate to the date of its encashment.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Issued  from 01.03.2001 to 28.02.2002

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Issued  from 01.03.2002 to 28.02.2003

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        01.03.2003

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        onwards

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Three years or more, but less than three years and six months

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        126.43

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        124.62

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        121.15

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Three years and six months or more, but less than four years.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        131.71

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        129.51

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        125.09

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Four years or more, but less than four years and six months.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        136.90

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        134.29

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        129.16

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Four years and six months or more, but less than five years.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        142.48

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        139.43

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        133.36

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Five years or more, but less than five years and six months.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        147.98

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        144.46

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        137.69

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Five years and six months or more, but less than six years

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        153.89

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        149.83

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        142.16

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Kisan Vikas Patra (KVP) from Indian Post Office

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Money doubles in 8 years and 7 months. Facility for premature encashment as per the table given below (for the KVP purchased on or after 1st March 2003).


                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        After

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Amount Payable

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         2 years 6 months or more but less than 3 years

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1170.51

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         3 years more but less than 3 years 6 months

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1207.95

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         3 years 6 months or more but less than 4 years

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         1267.19

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         4 years or more but less than 4 years 6 months

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         1310.80

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         4 years 6 months or more but less than 5 years

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         1355.90

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         5 years or more but less than 5 years 6 months

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         1435.63

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         5 years 6 months or more but less than 6 years

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         1488.49

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        6 years or more but less than 6 years 6 months 1543.30
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        6 years 6 months or more but less than 7 years 1649.13
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        7 years or more but less than 7 years 6 months

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1713.82

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        7 years 6 months or more but less than 8 years 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1781.06

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        8 years or more but less than 8 years 7 months

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1850.93


                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Investment Limits and Denominations

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        No limit on investment.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Available in denominations of Rs.100,Rs. 500/-, Rs. 1,000/-, Rs. 5,000/-, Rs. 10,000/- in all post offices and Rs. 50,000/- in Head  Post Offices.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Features and Tax Rebate

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        A Single Holder type certificate may be issued to:
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            An adult for himself or on behalf of a minor or to a minor
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Can be purchased jointly by two adults
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            A Trust. Interest accrued on early basis for Tax purposes.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        The Govt. of Maharashtra has declared the KVP as a "Public Security" under the provision of Mumbai Public Trust Act. 1950.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Interest accrued on yearly basis will be taken as income  for Income Tax purposes

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Public Provident Fund (PPF) Rules

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        THE PUBLIC PROVIDENT FUND SCHEME,  1968

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          [Issued vide Government of India, MOF (DEA) Notification No. GSR 1136 dated 15.6.1968 and further amended from time to time]

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          GSR 1136;- In exercise of the power conferred by Section 3 of the Public Provident Fund Act, 1968 (23 of 1968), the Central Government hereby makes the following scheme, namely:-

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Short title and commencement:- (1) This scheme may be called the Public Provident Fund Scheme, 1968.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          It shall come into force  on Ist July, 1968.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Definitions:- In this scheme, unless  the context otherwise requires:-

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              'Account'   means a Public Provident Fund Account under this scheme.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                'Accounts Office' means an office or branch of the State Bank of India, may subsidiary bank of the State Bank of India (excluding a pay office, a sub pay office or any other office managed by single officer or clerk) and any other office authorized by the Central Government to receive

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    subscriptions under the scheme;
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  (  c)  'Accounts Officer' means   the  person   who for  the  time being is  in
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    charge
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  of an Accounts Office.      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  (d) 'Act' means the Public Provident Fund  Act, 1968 (23 of 1968)    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  (e)  'Form' means a form appended to this scheme;      

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  'Guardian' in relation to a minor, means:-'

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Father or mother and

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Where neither parent is alive, or where the only living parent is incapable of acting, a person entitled under the law for the time being in force to have care of the property of minor;

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            (f)    'Year'  means  the financial  year  (Ist April to 31st  March)

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            3. Limit of subscription:- (1) Any individual may, on his own behalf or on behalf of a minor of whom he is the guardian, subscribe to the Public Provident Fund (thereafter referred to as the fund) any amount not less than Rs. 500 and not more than Rs. 70,000 in a year.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               (2) Notwithstanding anything contained in sub-paragraph (1), an individual may also subscribe to the fund on behalf of:-

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            a Hindu Undivided Family, or

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              an  association  of  persons  or  a  body  of  individuals  consisting  in  either

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                case, only of husband and wife governed by the system of community of property in force in the State of Goa and the Union territories of Dadra and Nagar Haveli and daman and Diu, by whom or on whose

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  behalf money   is deposited in an account   and the deposit means money

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    is deposited.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Out of the income of the Hindu Undivided Family or an association of persons or body of individuals, as the case may be , any amount not less than Rs. 500 and not more than Rs. 70,000 in a year.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Non Resident Indians are not eligible to open an account under the Public Provident Fund Scheme:-

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Provided that if a resident who subsequently becomes Non Resident Indian during the currency of the maturity period prescribed under Public Provident Fund Scheme, may continue to subscribe to the Fund till its maturity on a Non Repatriation Basis.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        [MOF (DEA) Notification No GSR 585 (E) dated 25.7.2003]

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           4. Manner of making the subscription:- (1) Every individual desirous of subscribing to Fund under the Scheme for the first time either on his own behalf or on behalf of a minor of whom he is the guardian or on behalf of a Hindu Undivided Family of which he is a member or on behalf of an Association of persons or a Body of individuals as referred to in sub rule 2(b) of Rule 3 above shall apply to the Accounts Office in Form A, or as near thereto as possible together with the amount of initial subscription which shall be integral multiples of Rs.5

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             On receipt of an application under sub-paragraph(1), the Accounts Office shall open an account in the name of the subscriber and issue a pass book to him, wherein all amount of deposits, withdrawals, loans and repayment thereof together with interest due shall be entered over the signature of the Accounts Officer with the date stamp.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             The subscriber shall deposit his subscription with the Account Office with challan in Form B, or as near thereto s possible. The counterfoil of the challan shall be returned to the depositor by the Account Office, duly evidence by receipt. In the case of deposits made by cheques or draft or pay order, the Accounts Office, may issue a paper token to the depositor pending realization of the proceeds.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Every subscription shall be made in cash or by crossed cheques or draft or pay order din favour of the Accounts Officer at the place at which that office is situated.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Number of subscription: The subscription, which shall be in multiples of Rs. 5 may, for any year, be paid into the account in one lump sum or installments not exceeding twelve in a year.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Transfer of Account:- A subscriber may apply for transfer of his account from one "Account Office" to another "Account Office".

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Issue of duplicate pass book, etc.:- (1) In the event of loss or destruction of a pass book issued by an Accounts Office, the Accounts Office may, on an application made to it in this behalf, and on payment of rupee one by the subscriber, issue a duplicate thereof to him.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          (2) Condonation of default:- A subscriber who fails to subscribe in any year according to the limits specified in paragraph 3, may approach the Accounts

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Office for condonation of the default, on payment , for each year of default , a fee of Rs. 50 alongwith arrear subscription of Rs. 500 for each year.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          8. Interest – Interest at the rate , notified by the Central Government in official gazette from time to time, shall be allowed for calendar month on the lowest balance at credit of an account between the close of the fifth day and the end of the month and shall be credited to the account at the end of each year. 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Provided that where the interest to be credited contains a part of a rupee. Then, if such part is fifty paise or more, it shall be increased to one complete rupee, and if such part is less than fifty paise, it shall be ignored.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            9. Withdrawals from the Fund:- (1) Any time after the expiry of five years from the end of the year in which the initial subscription was made , a subscriber may, if he so desires, apply in Form C or as near thereto as possible, together with his pass book to the Accounts Office withdrawing from the balance to his credit, an amount not exceeding fifty per cent of the amount that stood to his credit at the end of the forth year immediately preceding the year of withdrawal or at the end of preceding year, whichever is lower, less the amount of loan, if any, drawn by him under paragraph 10 and which remains to be repaid:

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Provided that not more than one withdrawal shall be permissible during any one year.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            (2) On receipt of an application under sub paragraph (1) the Accounts Office may, after satisfying itself that the amount of withdrawal applied for is not in excess of the limit prescribed in sub-paragraph (1) and that the applicant has, till the date of application, been subscribing according to the limit specified in paragraph 3, subject to the provisions of sub-paragraph (4) permit the withdrawal and enter the amount withdrawn in the pass book.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            (3) Closure of account or continuation of account without deposits after maturity:- Notwithstanding the provisions of sub-paragraph (1), any time after the expiry of 15 years from the end of the year in which the initial subscription was made by him, a subscriber may, if he so desires, apply in Form C or as 'near thereto as possible together with his pass book to the Accounts Office for the withdrawal of the entire balance standing to his credit and the Accounts Office, on receipt of such an application from the subscriber, shall subject to the provisions of sub-paragraph (4) allow the withdrawal of the entire balance (together with interest up to the last day of the month preceding the month in which the application for withdrawals made) after making adjustments, if any, in respect of any interest due from the subscriber on loans taken by him and close his account.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Provided that a subscriber may, if he so desires, make withdrawal of the amount standing to his credit, from time to time, in installments not exceeding one in a year.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          (3A) Continuation of account with deposits after maturity :- Subject to the provisions of sub-paragraph (3) a subscriber may, on the expiry of 15 years from the end of the year in which the initial subscription was made but before

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          then expiry of one year thereafter, may exercise an option with the Accounts Office in Form H, or as near thereto as possible, that he would continue to subscribe for a further block period of 5 years according to the limits of subscription specified in paragraph 3.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          (3B) In the event of a subscriber opting to subscribe for the aforesaid block period he shall be eligible to make partial withdrawals not exceeding one every year by applying to the Accounts Office in Form C, or as near thereto as possible, subject to the condition that the total of the withdrawals, during the 5 year blcok period , shall not exceed 60 percent of the balance at his credit at the commencement of the said period.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          10. Loans:- (1)   Notwithstanding   the   provisions of paragraph 9, any
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          time after  the  expiry  of  one  year  from  the  end  of  the  year  in  which the
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          initial subscription was made but before   expiry   of five years from the end

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            of the year in which the initial subscription was made, a subscriber may, he so desires, apply in Form D or as near thereto as possible, together with his pass book to the Accounts Office for obtaining loan consisting of a sum of whole rupees not exceeding twenty five percent of amount that stood to his credit to at the ends of the second year immediately preceding the year in which the loan is applied for.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               (2) On receipt of an application under sub-paragraph (1) the Accounts Office may, after satisfying itself that the amount of loan applied for is not in excess of the limit prescribed in sub-paragraph (1) and that the applicant has, till the date of application, been subscribing according to the limit specified in paragraph 3, subject to the provisions of sub paragraph (3), sanction the loan and enter the amount in the pass book.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                (3) Where the application is made by a person who has made subscriptions to the Fund on behalf of a minor of whom he is the guardian, he shall furnish a certificate in the following form, namely:-

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   ' certified that the amount for which loan is applied for is required for the use of ……. Who is alive and is still a minor."

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     11. Repayment of loan and interest :- (1) The principal amount of a loan under this Scheme shall be repaid by the subscriber before the expiry of thirty six months from the first day of the month following the month in which then loan is sanctioned. The repayment a may be made either in one lump sum or in two or more monthly installments within the prescribed period of thirty six months. The repayment will be credited to the subscriber's account.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      (2) After the principal of the loan is fully   repaid, the subscriber  shall pay
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      interest thereon  in  not   more  than two  monthly   installments  at  the  rate
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      of one percent perannum of   the   principal for the   period of
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      commencing from  the  first day  of the  month following the  month in

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        which the loan is drawn up to the last day of the month in which the last installment of the loan

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Provided
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          that  where  the  loan  is repaid, only  in  part within  the
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          prescribed period  of  thirty  six  months,  interest on  the  amount  of  loan
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          outstanding shall be charged at six per cent per annum instead   of at
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          one  per  cent   per  annum from  the  first  day of  the  month   following  the
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          month in  which the  loan  was obtained  to  the  last  day  of  the  month  in
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          which the loan is finally repaid.          

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           (3) The interest on the amount of loan outstanding under the proviso to sub-paragraph (2) and any portion on interest payable, but not paid, on any loan , the principal amount of which has already been repaid within the prescribed period of thirty six months, may, on becoming due, be debited to the subscriber's account.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          The interest recoverable  shall accrue to the Central Government .  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Nomination  and  repayment  after  death  of  subscriber  :-

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  subscriber to the fund may nominate in Form E or, as near thereto as possible, one or more persons to receive the amount stading to his credit in the event of his death before the amount has become payable or, having become payable ,

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Note:- has not been paid.    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Nomination may also be made in respect of an   account   opened  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    on behalf of a Hindu Undivided Family (HUF).    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    (2) No  Nomination shall  be  made  in  respect  of  an  account  opened  on  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    behalf of minor.      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      [MOF (DEA) Notification No. GSR 477 (E) dated 25.5.1994]  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    (3) A nomination made   by a subscriber   may be cancelled or varied by  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    a fresh nomination in Form F  or , as near thereto as possible by giving  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    notice in writing to the Accounts Office in which the account stands.  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    (4) Every nomination and every   cancellation   or variation   thereof   shall  

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    be registered in the Accounts Office and shall be effective from the date of such registration, the particulars of which shall be entered in the pass book.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    If any nominee is a minor, the subscriber may appoint any person to receive the amount due under the account in the event of the death of the subscriber during the minority of the nominee.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Notwithstanding  the provisions contained in paragraph 9-

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          If a subscriber to an account in espect of which a nomination is in force dies, the nominee or nominees may make an application in Form G or, as near thereto as possible, to the Accounts Office together with proof of death of the subscriber and on receipt of such application all amounts standing to the credit of the subscriber after making adjustment, if any, in respect of

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              interest on loans taken by the subscriber shall be repaid by the Accounts Office itself to the nominee or nominees.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Provided that if any nominee is dead, the surviving nominee or nominees shall, in addition to the proof of death of the subscriber, also furnish proof of the death of the deceased nominee.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Where there is no nomination in force at the time of death of the subscriber, the amount standing to the credit of the deceased after making adjustment, if any, in respect of interest on loans taken by the subscriber, shall be repaid by the Accounts Office to the legal heirs of the deceased on receipt of application in Form G in this behalf from them.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Provided that the balance up to Rs. 1 lakh may be paid  to the legal
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      heirs on production of (i) a letter  of indemnity, (ii) an  affidavit, (iii) a

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        letter of disclaimer on affidavit, and (iv) a certificate of death of subscriber, on stamped paper, in the forms as in Annexure to Form G.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          (7) A subscriber to the Fund cannot  nominee a trust as his nominee.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  13. Power to relax:- Where the Central Govt is satisfied that the operation of the any of the provisions of this scheme causes undue hardship to a subscriber, it may, by order for reasons to be recorded in writing , relax the requirements of that provision in a manner not inconsistent with the provisions of the Act.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Public Provident Fund (PPF) Acts

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                THE PUBLIC PROVIDENT FUND ACT, 1968

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        (ACT No. 23 OF 1968)

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          [16th  May, 1968]

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            An Act to provide for the institution of a provident fund for the general public.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  BE it enacted by Parliament in the Nineteenth Year of the Republic of India as follows:-

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            (1)       This Act may be called the Public Provident Fund Act, 1968.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                It extends to the whole of India.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  In this Act, unless the context otherwise requires,-  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    (a) "Fund" means the Public Provident Fund established under the Scheme;

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    (b)       "minor"  means  a  person  who  is  not  deemed  to  have  attained 9 of 1875  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    majority under the Indian Majority Act, 1875;  


                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Public Provident Fund Scheme. 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      "Scheme" means the Public Provident Fund Scheme framed under sub-section (1) of section 3;

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      "subscriber" means an individual who makes subscription to the Fund under section 4 and where such subscription is made by an individual on behalf of a minor, of whom he is the guardian, such minor;

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      "year" means the financial year.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      (1) The Central Government may, by notification in the Official Gazette, frame a scheme to be called the Public Provident Fund Scheme for the establishment of a provident fund for the general public and there shall be established, as soon as may be after the framing of the Scheme, a Fund in accordance with the provisions of this Act and the Scheme.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      ubject to the provisions of this Act, the Scheme may provide for all or any of the matters specified in the Schedule.  The Scheme shall have effect notwithstanding anything contained in any law for the time being in force other than this Act or in any instrument having effect by virtue of any law other than this Act.  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Subscriptions to Fund. 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Interest.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Withdrawals.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Grant of loans. 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Payment on death of subscriber. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      (4) The Central Government may, from time to time, by notification in the Official Gazette, add to, amend or vary the Scheme.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Any individual may, on his own behalf or on behalf of a minor, of whom he is the guardian, subscribe to the Fund in such manner and subject to such maximum and minimum limits as may be specified in the Scheme.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      All subscriptions made under section 4 shall bear interest at such rate as may be notified by the Central Government in the Official Gazette, from time to time, and the interest shall be calculated in such manner as may be specified in the Scheme.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      (1) A subscriber shall be entitled to make withdrawals from the amount standing to his credit in the Fund (including any interest accrued thereon) to such extent and subject to such terms and conditions as may be specified in the Scheme:

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Provided that such withdrawals shall be allowed only after the expiry of a period of five years from the end of the year in which he makes the initial subscription to the Fund.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            (2) Notwithstanding anything contained in sub-section (1), a subscriber shall be entitled to withdraw the entire balance standing to his credit in the fund after the expiry of a period of fifteen years from the end of the year in which he makes the initial subscription to the Fund.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            (3) Subject to the provisions of sub-sections (1) and (2), an individual who has made subscriptions to the Fund on behalf of a minor, of whom he is the guardian, shall be entitled to withdraw any amount from the Fund only for the use of the minor.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      A subscriber may be granted loans out of the amount standing to his credit in the Fund on such terms and conditions as may be specified in the Scheme and where the subscriber is a minor, such loans shall be granted to his guardian only for the use of the minor.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      (1) If a subscriber dies and there is in force at the time of his death a nomination in favour of any person, all amounts standing to his credit in the Fund shall be payable to the nominee.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Where the nominee is a minor, the amounts referred to in sub-section (1) shall be payable to any guardian of the property of the minor appointed by a competent court, or where no such guardian has been so appointed, to either parent of the minor, or where neither parent is alive, to any other guardian of the minor.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Where there is no nomination in force at the time of the death of the subscriber, the amounts referred to in sub-section (1) shall be payable to his legal heirs.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Protection against attachment.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Protection of action taken in good faith. 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Power to remove difficulties. 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Scheme to be laid before Parliament. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      The amount standing to the credit of any subscriber in the Fund shall not be liable to attachment under any decree or order of any court in respect of any debt or liability incurred by the subscriber.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      No suit, prosecution or other legal proceeding shall lie against any person for anything which is in good faith done or intended to be done under this Act or the Scheme.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      (1) If any difficulty arises in giving effect to the provisions of this Act or the Scheme, the Central Government may, by order published in the Official Gazette, make such provisions not inconsistent with the provisions of this Act, as appear to it to be necessary or expedient for the removal of the difficulty:

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Provided that no such order shall be made after the expiration of three years from the commencement of this Act.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            (2) Every order made under sub-section (1) shall be laid as soon as may be after it is made before each House of Parliament.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      12. The Scheme shall be laid, as soon as may be, after it is framed before each House of Parliament while it is in session for a total period of thirty days which may be comprised in one session or in two successive sessions, and if, before the expiry of the session in which it is so laid or the session immediately following, both Houses agree in making any modification in any provision of the Scheme or both Houses agree that any provision in the Scheme should not be made, the provision of the Scheme shall thereafter have effect only in such modified form or be of no effect, as the case may be, so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that provision.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          THE SCHEDULE

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              [See section 3 (2)]

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Matters for which provision may be made in the Scheme:-

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                The manner in which subscriptions too the Fund may be made and the maximum and minimum limits of such subscriptions.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                The manner in which interest on subscriptions to the Fund may be calculated.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                The documents to be issued to subscribers as evidence of the subscriptions made by them to the Fund.  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                (4) The extent to which and the terms and conditions under which withdrawals may be made by subscribers from the amount standing to their credit in the Fund.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                The authority or authorities by or through whom subscriptions to the Fund may be collected or withdrawals therefrom may be made.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                The terms and conditions under which loans may be granted to subscribers out of the amounts standing to their credit in the Fund and the authority or authorities by whom such loans may be granted.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                The accounts to be maintained with respect to subscriptions to the Fund, and withdrawals and final payments made and loans granted therefrom and the authority or authorities by whom such accounts shall be maintained.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                The nomination of any person to receive the amount standing to the credit of a subscriber in the Fund in the event of his death and the cancellation or change of such nomination.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                The issue of duplicate of any document issued as evidence of any subscription to the Fund in the event of damage, loss or destruction of the original and the fee on the payment of which such duplicate may be issued.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Any other matter which is to be provided for in the Scheme or which may be necessary or proper for the purpose of implementing the Scheme.  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 This is for public information:

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                "This document is a copy of the notification. The accuracy of conversion to the electronic medium is subject to usual constraints. Hence, nothing in the above document may be construed as an authority. For legal purposes the original notification may be referred to."

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                15 Years Public Provident Fund (PPF) Details

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Interest Rates 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Period during which opened Minimum Amount of Deposit in a year (in Rs) Maximum Amount of Deposit in a year (in Rs.) Rate of Interest
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                From To
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                01.04.1986 14.01.2000

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                100

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                60,000 12.0 %
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                15.01.2000 28.02.2001 100 60,000 11.0 %
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                01.03.2001 28.02.2002 100

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                60,000

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                9.5 %
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                01.03.2002

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                14.11.2002

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                100

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                60,000

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                9.0 %
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                15.11.2002

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                28.03.2003  

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                500

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                70,000

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                9.0 %
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                01.03.2003

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                onwards

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                500

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                70,000

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                8.0 %
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Features

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Only one account can be opened in the name of a person. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Twelve deposits can be made in a financial year.PPF

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Minimum deposits in a year is Rs.500 and maximum is Rs. 1,00,000/-.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Loan is admissible from the third year. Loan amount is limited to 25 % of    at the end of two years preceding.    

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Fresh loan is not allowed when previous loan or interest thereof is outstanding.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Interest is charged at the rate of 1% if prepaid within 36 months and at 6% on the outstanding loan after 36 months.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Withdrawal is permissible from seventh financial year from the year of opening, limited to one in a financial year. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Amount of withdrawal is limited to 50 % of balance at the end of the fourth preceding year less amount of outstanding loan or 50% of balance at the end of immediate preceding year of withdrawal less amount of outstanding loan, if any whichever is less.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  A subscriber can close the account in the 16th financial year.  The account can also be continued with or without subscription, for further blocks of 5 years.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Deposits are qualified for Income Tax rebate under section 88 of Income Tax Act.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Deposits completely exempted from wealth tax. Interest is completely tax free under section 80 of IncomeTax Act.