Approved superannuation fund investment rules govern deposit, insurance use, and mandatory investment of remaining fund moneys. All moneys contributed to an approved superannuation fund after 31 October 1974, and all income received or accruing after that date, may be deposited in ... Summary
Approved superannuation fund investment rules govern deposit, insurance use, and mandatory investment of remaining fund moneys.
All moneys contributed to an approved superannuation fund after 31 October 1974, and all income received or accruing after that date, may be deposited in a Post Office Savings Bank Account in India or in a current or savings account with a scheduled bank, or utilised in accordance with rule 89 for insurance or annuity payments. Any balance not so deposited or utilised must be invested in the manner specified in rule 67, and "investible moneys" means the moneys not so deposited or utilised.
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