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<h1>Investment of fund moneys: permits Post Office or scheduled bank deposits and use for insurance or annuities.</h1> Rule 303 permits fund moneys (contributions and amounts received or accrued) to be deposited in a Post Office Savings Bank account in India or in a current or savings account with any scheduled bank, or to be utilised under rule 307 for insurance payments or purchase of annuities; any amounts not so deposited or used must be invested in accordance with the Ministry of Finance notification cited in the rule, as amended.