Duplicate certificate issuance for lost or destroyed savings certificates: indemnity bond required, limited exceptions, and verification for encashment. Replacement of lost, stolen, destroyed, mutilated or defaced National Savings Certificates requires an application showing certificate particulars and circumstances. If the post office of registration is satisfied, a duplicate certificate is issued on furnishing an indemnity bond with approved surety or bank guarantee. Exceptions allow an indemnity bond without surety where face value is small, and permit duplicate issuance without bond if a mutilated or defaced certificate is surrendered and identifiable. A duplicate is equivalent to the original but cannot be encashed elsewhere without prior verification.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Duplicate certificate issuance for lost or destroyed savings certificates: indemnity bond required, limited exceptions, and verification for encashment.
Replacement of lost, stolen, destroyed, mutilated or defaced National Savings Certificates requires an application showing certificate particulars and circumstances. If the post office of registration is satisfied, a duplicate certificate is issued on furnishing an indemnity bond with approved surety or bank guarantee. Exceptions allow an indemnity bond without surety where face value is small, and permit duplicate issuance without bond if a mutilated or defaced certificate is surrendered and identifiable. A duplicate is equivalent to the original but cannot be encashed elsewhere without prior verification.
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