Monthly Income Account deposits permitted in cash or by cheque/DD; cheque/DD treated as deposited on encashment. Rule 6 specified that deposits to Monthly Income Account could be made in cash or by cheque/demand draft payable to the depositor or postmaster and ... Summary
Monthly Income Account deposits permitted in cash or by cheque/DD; cheque/DD treated as deposited on encashment.
Rule 6 specified that deposits to Monthly Income Account could be made in cash or by cheque/demand draft payable to the depositor or postmaster and endorsed to the postmaster, and that the date of deposit for such instruments was the date of encashment; this Rule 6 text was omitted by notification effective 13-03-2014.
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