Post Office Recurring Deposit amendment updates payable tables and continuation and death-benefit provisions for eligible accounts. The Post Office Recurring Deposit (Amendment) Rules, 2013 amend the 1981 Rules by substituting Schedule entries in rule 9, expanding table references in rules 10-12 to add Tables 50-52, and inserting Tables 50-52 which prescribe amounts payable for accounts opened on or after 1 April 2013 when continued beyond maturity or on depositor's death; the notification is made under Section 15 of the Government Savings Banks Act, 1873 and is deemed effective from 1 April 2013.
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Provisions expressly mentioned in the judgment/order text.
Post Office Recurring Deposit amendment updates payable tables and continuation and death-benefit provisions for eligible accounts.
The Post Office Recurring Deposit (Amendment) Rules, 2013 amend the 1981 Rules by substituting Schedule entries in rule 9, expanding table references in rules 10-12 to add Tables 50-52, and inserting Tables 50-52 which prescribe amounts payable for accounts opened on or after 1 April 2013 when continued beyond maturity or on depositor's death; the notification is made under Section 15 of the Government Savings Banks Act, 1873 and is deemed effective from 1 April 2013.
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