Pledging of account as security: request to transfer deposit and allow pledgee to encash on forfeiture. Application to the Postmaster/Manager under the Kisan Vikas Patra Scheme, 2019 requesting transfer of a deposit in a specified account as security in favour of a named pledgee, with the applicant agreeing that the pledgee may encash the account upon forfeiture and that any account nomination is cancelled; the form requires account particulars and an attached pledge acceptance by the competent authority, and directs the office to mark records and the passbook/deposit receipt with the pledge and to record the registration number and date.
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.
Pledging of account as security: request to transfer deposit and allow pledgee to encash on forfeiture.
Application to the Postmaster/Manager under the Kisan Vikas Patra Scheme, 2019 requesting transfer of a deposit in a specified account as security in favour of a named pledgee, with the applicant agreeing that the pledgee may encash the account upon forfeiture and that any account nomination is cancelled; the form requires account particulars and an attached pledge acceptance by the competent authority, and directs the office to mark records and the passbook/deposit receipt with the pledge and to record the registration number and date.
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