Post Office Monthly Income Account: monthly interest may be credited to depositor savings accounts at core banking post offices. Amendment to the Post Office Monthly Income Account Rules, 1987 omits rule 6 and adds a proviso to rule 8(3) allowing monthly interest to be credited, where the account is at a post office on a Core Banking platform and if authorised, into the depositor's savings account at that post office or any bank branch; enacted under section 15 of the Government Savings Bank Act, 1873 and effective on Gazette publication.
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.
Post Office Monthly Income Account: monthly interest may be credited to depositor savings accounts at core banking post offices.
Amendment to the Post Office Monthly Income Account Rules, 1987 omits rule 6 and adds a proviso to rule 8(3) allowing monthly interest to be credited, where the account is at a post office on a Core Banking platform and if authorised, into the depositor's savings account at that post office or any bank branch; enacted under section 15 of the Government Savings Bank Act, 1873 and effective on Gazette publication.
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