[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,
SETCION 3, SUB-SECTION (i)]
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 1Z March, 2014
G.S.R_( E ). In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Savings Bank General Rules, 1981, namely:-
1. (1) These rules may be called the Post Office Savings Bank General (Amendment) Rules, 2014.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Post Office Savings bank General Rules, 1981, hereinafter referred to as the said Rules in
Rule 2, after clause (v), the following clause shall be inserted, namely:-
(w) “Post Office with Core Banking Solution platform” means Post Office Savings Bank working on Core Banking Solution software.
3. In the said Rules, in Rule 4, after Sub-Rule (4), the following Sub-Rule shall be inserted,
namely:-
“(5) In case, of an account standing at any Post Office with Core Banking Solution platform,
deposit may be made at any other post office with Core banking Solution platform within the limits
prescribed and by paying such fee as may be specified by the Central Government by notification
in the official Gazette.”
4. In the said Rules, in Rules 5, ifi sub-rule (1), after clause (e) , the following clause shall be
inserted, namely:-
(i) “(f) in the accounts standing in post offices with Core Banking Solution platform, the
deposit may be made by any electronic mode.”
(ii) for sub-rule (2), th� following sub-rule shall be substituted namely:-
“(2) Each deposit shall be accompanied by a pay-in-slip provided that at any Post Office
on Core Banking Solution platform, the deposit shall be accepted by any electronic mode.”
5. In the said rules, in rule 6, sub-rule (3) shall be numbered as clause (i) thereof and after clause (i)
as so numbered,
The following clause shall be inserted namely:-
(ii) “In case of an account standing at any post office with Core Banking Solution platform in place, the Post Office Savings Bank shall on the request from the depositor or otherwise may issue Automated Teller Machine or debit card to the savings account holder on payment of such fee as may be specified by the Central Government by notification in the official Gazette” and the account holder having account in Post Offices with Core Banking Solution Platform may also withdraw money by using any electronic mode.”
6. In the said Rules, in Rule 8 in sub-rule (i), the following provisos shall be inserted, namely:-
(i)“Provided that in post offices working on Core Banking Solution platform, a statement of account may be issued in lieu of passbook at the option of the customer on payment of such fees
specified by the Central Government by notification in the official Gazette.”
“Provided further that balance and transactions shown in the Passbook or statement of account shall be for the information of the depositor.”
(ii) for sub rule (4), the following sub-rule shall be substituted, namely :-
“(4) The passbook shall ordinarily be presented for all withdrawals or deposits made at the counter and in case, deposits or withdrawals are made by using cheque or any electronic mode, the passbook, wherever issued, may be presented to the Post Office Savings Bank as soon as
possible thereafter for bringing it up-to-date.”
7. In the said rules, in rule 15, for clause (a), the following clause shall be substituted, namely:-
“(a) responsible to a depositor for any fraudulent withdrawal by a person obtaining possession of the passbook or Automated Teller Machine or Debit card or a cheque from the cheque book of the depositor or by using any electronic mode of withdrawal.”
F. No. 2/7/2012/NS-II1
Note; The principal rules were published in the Gazette of India, Extraordinary Part II, section 3, sub-section (i) vide number G.S.R. 662 ( E ), dated the 17*� December, 1981, and subsequently amended vide numbers G.S.R. 348 ( E ) dated the 10’� May 2002 and G.S.R. 586( E ) dated the
25 July, 2003,
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II-
SECTION 3, SUB-SECTION (i)]
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the \ 3 March, 2014
G.S.R_(E). In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the
Post Office Savings Account Rules, 1981, namely:-
1. (1) These rules may be called the Post Office Savings Account (Amendment) Rules, 2014.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Post Office Savings Account Rules, 1981,in Rule 9, for sub rule (2) the following sub-rule shall be substituted, namely:-
“(2) When payment of interest is not involved and when final withdrawal on closure of an Account is made at Post Offices on Core Banking Solution platform, such withdrawal on closure may be allowed by a Sub-Savings Bank without obtaining the prior sanction of the Head Savings Bank.”
F. No. 2/7/:�2/NS-II]
(Raj at
Joint Sec
Note: The principal rules were published in the Gazette of India, Extraordinary Part II, section 3, sub-section (i) vide number G.S.R. 663 ( E ), dated the 17“� December, 1981, and subsequently amended vide numbers G.S.R.8 (E), dated the 2nd February 1987, G.S.R. 948 (E ), dated the December 1984; G.S.R. 5(E) dated the 5‘� January 1989; G.S.R. 430 (E ) dated the 6*'� April, 1989; G.S.R. 695 (E ) dated the 17'" July, 1989; G.S.R. 813(E) dated the 4‘" September, 1989; G.S.R. 1001 ( E ) dated the 8'" November, 1989; G.S.R. 499 ( E ) dated the 8'" July, 1993; G.S.R. 165 (E ) dated the 28‘" February, 2000; G.S.R. 349 (E ) dated the 10'" May 2002; G.S.R. 431 (E ) dated the 14'" June, 2002; G.S.R. 587 (E ) dated the 25'" July, 2003; G.S.R. 286 ( E ) dated the 13‘" May 2005; G.S.R. 509 ( E ) dated the 27'" July, 2005; G.S.R. 481 ( E) dated the 11'" July, 2007; G.S.R. 478 ( E ) dated the 26'" June, 2008, G.S.R. 611 (E ) dated the 26'" August, 2008; G.S.R. 748 ( E ) dated the 13'" October, 2009; G.S.R. 882 ( E ) dated the 3'" November, 2010; G.S.R. 926 ( E ), dated the 24'" December, 2012 and G.S.R. 323 ( E ), dated the 20'" May 2013.
[TO BE PUBLISHED IN THE GAZETTE OF INDIA: EXTRAORDINARY, PART II-
SECTION 3, SUB-SECTION (i)]
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 13) March, 2014
G.S.R,_(E). In exercise of the powers conferred by section 15 of the Government Savings Bank
Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the
Post Office Recurring Deposit Rules, 1981, namely:-
1. (1) These rules may be called the Post Office Recurring Deposit (Amendment) Rules, 2014.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Post Office Recurring Deposit Rules, 1981,
(i) in rule 6, for sub rule (4), the following sub-rule shall be substituted, namely;-
"(4) Where a deposit is made by means of a cheque, pay order or demand draft, the date of its clearance into the Post Office Savings Bank shall be deemed to be the date of deposit.”
(ii) in Rule 7, for sub-rule (2), the following sub-rule shall be substituted, namely:-sub rule (2)
of Rule 7 shall be substituted by the followings:-
‘‘(2) If there are more than four defaults, the account shall be treated as discontinued and revival of the account shall be permitted only within a period of two months from the month of fifth default and in case a depositor fails to deposit next monthly deposit within the time prescribed in sub-rule (3) of rule 6, a default fee at the rate of five paise for every five rupee per defaulted deposits shall also be paid along
with regular monthly deposit.
(3) An account, in which all defaulted deposits are deposited with prescribed default fee and prescribed time as specified in sub-rule (2) shall not be treated as discontinued.
“Provided that notwithstanding anything contained in sub-rule (1),sub-rule(2) in the case of personal of Defence Services ( excluding Civilian Defence Employees).
(i) if there are not more than seven defaults in the monthly deposits, the depositor may, at his option, extend the maturity period of the account by as many months as the number of defaults and deposit the
defaulted deposits during the extended period.”
-----------------------------------------------------Page 4-----------------------------------------------------
ii) "If there are more than seven defaults in the monthly deposits, the account shall be treated as discontinued and the revival of the account shall be permitted only within a period of two months from the month of eighth default, subject to payment of default fee and defaulted deposits.
F. No. 2/7/2012-NS-II]
(Raj at Bhafgava)
Joint Secpfi�ry
Note : The Principal rules were published in the Gazette of India, Part 11, Section 3, sub-section (i) vide G. S. R. 666(E), dated the 17'� December, 1981, and subsequently amended vide: - G.S.R. 301(E), dated the 1�' April, 1982, G.S.R. 258(E), dated the ll“� March, 1983, G.S.R. 62(E), dated the 14“" February, 1984, G.S.R. 95(E), dated the February, 1986, G.S.R. 194(E), dated the 13“’ February, 1986, G.S.R. 363(E), dated the April, 1987, G.S.R. 39(E), dated the Id"’ January, 1988, G.S.R. 458(E), dated the 15"’ April, 1988, G.S. R. 708(E), dated the 2E’ July, 1989, G.S.R. 16(E), dated the 9’" January, 1990, G.S.R. 190(E), dated the 27"’ March, 1991, G.S.R. 579(E), dated the 12"’ September, 1991, G.S.R. 918(E), dated the ll"’ December, 1992, G.S.R. 42(E). dated the D’ February, 1993, G.S.R. 587(E), dated the 2"" September, 1993, G.S.R. 2(E), dated the 1st January, 1999, G.S.R. 748(E), dated the 4th November, 1999, G.S.R. 44(E), dated the 15"’ January, 2000, G.S.R. 152(E), dated the D’ March, 2001, G.S.R. 160(E) dated the March, 2002, G.S.R. 514(E), dated the 23rd July, 2002, G.S.R. 662(E), dated the 23’" September, 2002, G.S.R. 175(E), dated the E’ March, 2003, G.S.R. 588(E), dated the 25"’ July, 2003, G.S.R. 838 (E), dated the 27"’ December, 2004, G.S.R. 480(E), dated the 26"’ June, 2008, G.S.R. 740(E), dated the 4"’ October, 2011, G.S.R. 843(E) dated the 25"’ November, 2011, G.S.R. 320 (E), dated the 25"’ April,2012and G.S.R.398( E) dated the 25’" June 2013.
-----------------------------------------------------Page 5-----------------------------------------------------
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,
SECTION 3, SUB-SECTION (i)]
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 13 March, 2014
G.S.R_(E). In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Time Deposit Rules, 1981, namely:-
1. (1) These rules may be called the Post Office Time Deposit (Amendment) Rules, 2014.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In Post Office Time Deposit Rules, 1981,
(I) in Rule 6, sub-rule (3), after clause (b), the following clause shall be inserted, namely:-
“(c):- where a deposit in an account standing at the post office working on Core Banking platform
become due for repayment, the account shall be automatically renewed from the date of maturity
for the same period for which it was opened initially and the deposit shall be eligible for rate of
interest applicable on the date of renewal,”
in rule 8
(a) clause (a) shall be omitted;
(b) for clause (aa), the following clause shall be substituted, namely:-
(aa) Where a deposit in 1-year, 2-year, 3-year or 5-year account is withdrawn prematurely before the expiry of 1 year from date of deposit, interest at the rate applicable to post office savings account from time to time shall be payable to the
depositor.”
F
No. 2/7/2012/NS-II]
(Rajat Bhargavfa)
Joint Secretary
Note : The Principal rules were published vide G.S.R. 664(E), dated the 1?"’ December, 1981,
-----------------------------------------------------Page 6-----------------------------------------------------
and subsequently amended vide: - G.S.R. 300(E), dated the April, 1982, G.S.R. 257(E), dated the 11* March, 1983, G.S.R. 502(E), dated the 9* July, 1984, G.S.R. 418(E), dated the 10* May, 1985, G.S.R. 193(E), dated the 12* February, 1986, G.S.R. 362(E), dated the 1st April, 1987, G.S.R. 1005(E), dated the 23'�‘* December, 1987, G.S.R. 353(E), dated the 18* March, 1988, G.S.R. 507(E), dated the 23'�'* May, 1990, G.S.R. 191(E), dated the 27* March, 1991, G.S.R. 580(E), dated the 12* September, 1991, G.S.R. 727(E), dated the 6th December, 1991, G.S.R. 431(E), dated the 24* April, 1992, G.S.R. 586(E), dated the 2"�* September, 1993, G.S.R. 118(E), dated the 8* March, 1995, G.S.R. 5(E), dated the January, 1999, G.S.R. 43(E), dated the 15* January, 2000, G.S.R. 151(E), dated the E' March, 2001, G.S.R. 159(E), dated the E‘ March, 2002, G.S.R. 174(E), dated the E' March, 2003, G.S.R. 589(E), dated the 25* July, 2003, G.S.R. 286(E), dated the 13* May, 2005, G.S.R. 479(E), dated the 26* June, 2008, G.S.R. 742(E), dated the 4* October, 2011, G.S.R. 846(E), dated the 25* November, 2011, G.S.R.323 (E), dated the 25th April, 2012 and G.S.R. 400 (E ) dated the 25* June, 2013.
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,
SECTION 3, SUB-SECTION (i)]
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 13 March, 2014
G.S.R._(E). In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Monthly Income Account Rules, 1987, namely:-
1. (1) These rules may be called the Post Office Monthly Income Account (Amendment) Rules, 2014..
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In Post Office Monthly Income Account Rules, 1987,
(i) rule 6 shall be omitted.
(ii) in rule 8, in sub-rule (3), the following proviso should be inserted namely:-
"Provided that in case the account stands at the post office working on Core Banking platform and if so authorised, interest payable monthly shall be credited by the post office in the savings account of the depositor standing at any such post office or any branch of a bank.”
F. No. 2/7/2012/NS-II]
(Raj at Bhargava)
Joint SecKetary
Note : The Principal rules were published vide G. S. R. 701(E), dated the 10*'’ August, 1987, and subsequently amended vide: - G.S.R. 805(E), dated the 2E‘ July, 1988, G.S.R. 46(E), dated the 20*” January, 1989, G.S.R. 581(E), dated the 12*” September, 1991, G.S.R. 430(E), dated the 24*” April, 1992, G.S.R. 390(E), dated the 29*” April, 1993, G.S.R. 585(E), dated the 2"“ September, 1993, G.S.R. 5(E), dated the E* January, 1999, G.S.R. 45(E), dated the 15*” January, 2000, G.S.R. 80(E), dated the E* February, 2000, G.S.R. 613(E), dated the 18*” July, 2000, G.S.R. 153(E), dated the E* March, 2001, G.S.R. 161(E), dated the E* March, 2002, G.S.R. 350(E),dated the 10“’ May, 2002, G.S.R. 176(E), dated the E' March, 2003, G.S.R. 758(E), dated the 23��� September, 2003, G.S.R. 288(E), dated the May, 2005, G.S.R. 59(E), dated the 10“� February, 2006, G.S.R. 521(E), dated the August, 2007, G.S.R. 763(EX dated the 8'*� December, 2007, G.S.R. 741(E), dated the 4‘*’ October, 2011, G.S.R.845 (E), dated the 25'*’ November, 2011,G.S.R.322 (E ), dated the 25‘'’ April, 2012 and G.S.R. 399 (E ), dated the 25“� June, 2013.
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,
SECTION 3, SUB-SECTION (i)]
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi,�arch, 2014
G.S.R._(E). In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Senior Citizens Savings Scheme Rules, 2004, namely:-
1. (1) These rules may be called the Senior Citizen Savings Scheme (Amendment) Rules, 2014.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In Senior Citizen Savings Scheme Rules, 2004 -
(a) in rule 5, in sub-rule (i), for clause (a), the following clause shall be substituted, namely’’-
(i) “(a) In cash, if the amount of deposit is up to rupees one lakh;
(ii) after clause (b), the the following clause shall be inserted namely;-
"(c) by any electronic mode if the account is opened in a deposit office working on Core Banking Solution platform.”
(b) In rule 7 for sub-rule (2), the following sub-rule shall be substituted, namely:-
(i) . (21 “Interest shall be payable from the date of deposit to 31®' March/30"' June/30"' September/31 December on 1®' working day of April/July/October/January as the case may be, in the first instance and thereafter, interest shall be payable on 1®' working day of
April/July/October/January.
(ii) in sub-rule (4), the following proviso shall be inserted namely;-
“Provided that where deposit office is working on Core Banking platform, interest payable on due dates as specified in rule (2), shall be credited by the deposit office in the savings account of the depositor standing at any such deposit office or any branch of a bank."
F.
1�0. 2/J/2�12/NS-II]
(Rajat Bha�va)
Joint Secretary
Note; The Senior Citizens Savings Scheme Rules, 2004 were published in the Gazette
of India (Extraordinary) vide notification number G. S. R. 490(E), dated the 2"'� August,
2004 and subsequently amended vide G. S. R. 706(E), dated the 27*�� October, 2004,
GSR 176(E), dated the 23�'' March, 2006, GSR 390(E), dated the 24**’ May 2007,G.S.R.
639 ( E ), dated the 28**’ July, 2010, G.S.R. 770( E ), dated the 19**’ October,
2011,G.S.R. (E ) 321 dated the 25**’ April 2012 and G.S.R. 402 ( E ), dated the 25**’
June 2013.
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,
SECTION 3, SUB-SECTION (i)]
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the l3 March, 2014
G.S.R._( E ). In exercise of the powers conferred by section 3 of the Public Provident Fund Act, 1968 (23 of 1968), the Central Government hereby makes the following rules further to amend the Public Provident Fund Scheme 1968, namely:-
1. (1) These rules may be called the Public Provident Fund Scheme (Amendment) Rules, 2014.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In Public Provident Fund Scheme in paragraph 4, for sub-paragraph (1), (2), (3) and (4) the following shall be substituted, namely;-
“4. (1) Every individual desirous of subscribing to Fund under the Scheme for the first time either on his own or on behalf of a minor of whom he is the guardian shall apply to the Accounts Office in Form A form, together with the amount of initial subscription which shall be minimum of Rs.100.
(2) 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 passbook 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.
Provided that in case of Post Offices working on Core Banking solution platform, a statement of account shall be issued in place of passbook at the discretion of account holder.
(3) The subscriber shall deposit his subscription with the Accounts Office with challan in Form B, or as near thereto as possible and the counterfoil of the challan shall be returned to the depositor by the Accounts Office, duly evidenced by receipt. And in case of deposits made by cheque or draft or pay order, the Accounts Office may issue a paper token to the depositor pending realization of the proceeds.
(4) Every subscription shall be made in cash or crossed cheque or draft or pay order in favour of the Accounts Office at the place at which that office is situated.
“Provided that where the Account office is working on Core Banking platform, every subscription shall be made either by cash, cheque, draft, pay orders or any electronic mode in any Account office working on Core Banking Solution Platform.”
-NS-II]
(Raj at Bhar�ya)
Joint Secr�ry
Note:- The Principal notification was published in the Gazette of India vide number S.O. 48(E), dated the 15�'’ January, 2000 and subsequently amended vide S.O. 192(E), dated the E* March 2001, S.O. 271(E), dated the E‘ March, 2002, S.O. 250(E), dated the E‘ March, 2003, S.O. 2681(E), dated the 25*'’ November 2011, S.O.904 (E), dated the 25* April 2012. And G.S.R. 401 (E), dated the 25* June 2013.
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,
SECTION 3, SUB-SECTION (i)]
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 13 March, 2014
G.S.R_( E ). In exercise of the powers conferred by section 12 of the Government Savings
Certificates Act, 1959 (46 of 1959), the Central Government hereby makes the following rules further to
amend National Savings Certificates (Vlll Issue), 1989 namely:-
1. (1) These rules may be called the National Savings Certificates (Vlll Issue) (Amendment) Rules,
2014.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In National Savings Certificates (Vlll Issue) Rules -
(i) In rule 7, in clause (iv), the following clause shall be substituted, namely:-
“(v) by any electronic mode in case of certificates are purchased from the post offices working on Core Banking Solution platform.”
"(4) In every case of transfer, name of previous holder shall be rounded and name of new holder shall be written under the dated signature of the authorized Postmaster along with his designation and date stamp of the post office.”
(ii) after sub-rule (5), the following sub-rule shall b;e inserted, namely:-
“(5) Transfer of certificate shall be allowed only once from the date of issue to the date of
discharge of the certificate.”
(iii) rule 23 shall be omitted.
F. No. 2/7/2012/NS-II]
(Raj at BhargaLa)
Joint SecroJary
(i)in rule 11, for sub-rule(4), the following sub-rule shall be substituted, nameiy:-
Note : The Principal rules were published vide G.S.R. 496(E), dated the May, 1989 and subsequently amended vide G.S.R. 508(E), dated the 23�� May, 1990, G.S.R. 120(E), dated the 8‘*’ March, 1998, G.S.R. 7(E), dated the January, 1999, G.S.R. 491(E), dated the 6*'’ July, 1999, G.S.R. 47(E), dated the IS**’ January, 2000, G.S.R. 156(E), dated the March, 2001, G.S.R. 572(E), dated the 2"'* August, 2001, G.S.R. 163(E), dated the 1'‘ March, 2002, G.S.R. 711(E), dated the 17“� October, 2002, G.S.R. 179(E), dated the March, 2003, G.S.R. 590(E), dated the 25* July, 2003, G.S.R. 591(E), dated the 25* July, 2003, G.S.R. 820(E), dated the 16* October, 2003, G.S.R. 289(E), dated the 13* May, 2005, G.S.R. 744(E), dated the 4* October, 2011, G.S.R. 842(E) dated the 25* November, 2011, G.S.R. 318(E), dated the 25* April, 2013 and G.S.R.397 ( E ), dated the 25* June 2013.
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,
SECTION 3, SUB-SECTION (i)]
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the l3 March, 2014
G.S.R._ ( E ). In exercise of the powers conferred by section 12 of the Government Savings
Certificates Act, 1959 (46 of 1959), the Central Government hereby makes the following rules further to
amend the National Savings Certificates (IX Issue), 2011 namely:-
1. (1) These rules may be called the National Savings Certificates (IX Issue) (Amendment) Rules,
2014.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In National Savings Certificates (IX Issue) Rules -
(i) in rule 7, the following clause shall be inserted, namely:-
“(v) by any electronic mode in case of certificates are purchased from the post offices working on Core
Banking Solution platform.”
(ii) for rule 9, the following rule shall be substituted, namely:-
‘‘9.Certificate in lieu of proceeds of old certificates:- A holder of an old certificate entitled to encash that certificate may make an application in Form 1 for the grant of a certificate under these rules, and on receipt of such an application, there shall be issued to the applicant a certificate under these rules and the date of issue of the certificate shall be the date on which the old certificate duly discharged is
presented..
(iii) in rule 11,
(a) for sub-rule (4), the following sub-rule shall be substituted, namely:-
“(4) In every case of transfer, name of previous holder shall be rounded and name of a new holder shall be written under the signature and date of the authorised Postmaster along with his designation and date stamp of the post office.”
(b) after sub-rule (4), the following sub-rule shall be inserted, namely:-
“5) Transfer of certificate shall be allowed only once from the date of issue to the date of discharge of the certificate”
(ii) rule 23 shall be omitted.
F.No. 2/7/20132/NS-II]
Note:- The Principal rules were published vide G.S.R. 848(E), dated the 29'’’ November, 2011 and subsequently amended vide G.S.R. 219 (E), dated the 25'' April,2012 and G.S.R. 403 ( E ), dated the 25* June 2013.
