Withdrawal procedures from capital gains accounts require Form C and duplicate Form D for utilisation details before funds are released. The scheme requires depositors to apply for withdrawal from Account A with Form C and the pass book or electronic statement; withdrawals (other than the initial) require furnishing duplicate Form D detailing utilisation of the preceding withdrawal, with one copy retained by the deposit office. Large payments are to be made by crossed demand draft or electronic mode to the named payee. Funds in Account B must be transferred to Account A before withdrawal; premature withdrawals from Account B attract interest adjustments under the scheme.
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Provisions expressly mentioned in the judgment/order text.
Withdrawal procedures from capital gains accounts require Form C and duplicate Form D for utilisation details before funds are released.
The scheme requires depositors to apply for withdrawal from Account A with Form C and the pass book or electronic statement; withdrawals (other than the initial) require furnishing duplicate Form D detailing utilisation of the preceding withdrawal, with one copy retained by the deposit office. Large payments are to be made by crossed demand draft or electronic mode to the named payee. Funds in Account B must be transferred to Account A before withdrawal; premature withdrawals from Account B attract interest adjustments under the scheme.
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