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of <h1>Superannuation Funds Post-1974: Deposit Options and Investment Rules Explained Under Rule 89 and Rule 67(2).</h1> All funds contributed or accrued to an approved superannuation fund after October 31, 1974, can be deposited in a Post Office Savings Bank Account or in a current or savings account with a scheduled bank in India. Alternatively, they can be used according to rule 89 for insurance payments or annuity purchases. Any remaining funds not deposited or used as specified must be invested according to sub-rule (2) of rule 67, where 'investible moneys' refer to funds not already deposited or utilized.
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