National Savings Monthly Income Account premature closure requires application, penalty deduction, and designated payment options. Application form for premature closure of a National Savings (Monthly Income Account) requires account identification, current balance and an explicit request for payment after deduction of the applicable penalty. The form provides payment options-credit to SB account, demand draft/cheque, or cash if permissible-and requires attaching supporting documents and a depositor signature or attested thumb impression. Office-use fields record eligible balance, penalty deduction, total payable, date stamp, Postmaster/Manager signature, and an acquittance acknowledging receipt with payment details and depositor signature.
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.
National Savings Monthly Income Account premature closure requires application, penalty deduction, and designated payment options.
Application form for premature closure of a National Savings (Monthly Income Account) requires account identification, current balance and an explicit request for payment after deduction of the applicable penalty. The form provides payment options-credit to SB account, demand draft/cheque, or cash if permissible-and requires attaching supporting documents and a depositor signature or attested thumb impression. Office-use fields record eligible balance, penalty deduction, total payable, date stamp, Postmaster/Manager signature, and an acquittance acknowledging receipt with payment details and depositor signature.
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