Investment of fund moneys permits deposits in post office or scheduled bank accounts or insurance use; residual funds invested. Approved superannuation fund moneys may be deposited in a Post Office Savings Bank account or in current or savings accounts with scheduled banks, or utilised for payments under an insurance scheme or for purchase of annuities; fund moneys not so deposited or utilised (termed investible moneys) must be invested in the manner prescribed by the applicable statutory investment rule.