Pass book requirement: depositor must present pass book to collect monthly interest and upon account closure. Rule 11 requires issuance of a pass book on account opening recording opening date, account number, depositor particulars, deposit amount, monthly interest and maturity date; the pass book must be presented to the post office to collect monthly interest and at account closure, and where interest is credited to a savings account the pass book must be presented at least once in six months for completion of entries.
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.
Pass book requirement: depositor must present pass book to collect monthly interest and upon account closure.
Rule 11 requires issuance of a pass book on account opening recording opening date, account number, depositor particulars, deposit amount, monthly interest and maturity date; the pass book must be presented to the post office to collect monthly interest and at account closure, and where interest is credited to a savings account the pass book must be presented at least once in six months for completion of entries.
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