https://www.taxtmi.com/acts?id=6674 Depositors must apply to open Account A, Account B or both using the prescribed form and tender payment in cash, by crossed cheque, draft or electronic mode. For Account B the depositor must elect cumulative or non cumulative status. The effective date for claiming exemption and for interest purposes is the date of cash deposit or, where payment is by cheque, draft or electronic mode, the date on which the cheque, draft or electronic payment is received and, subject to realisation or receipt, treated as the date of deposit. Account A receives a passbook; Account B receives a deposit receipt. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 22 Nov 2025 11:20:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6674 Depositors must apply to open Account A, Account B or both using the prescribed form and tender payment in cash, by crossed cheque, draft or electronic mode. For Account B the depositor must elect cumulative or non cumulative status. The effective date for claiming exemption and for interest purposes is the date of cash deposit or, where payment is by cheque, draft or electronic mode, the date on which the cheque, draft or electronic payment is received and, subject to realisation or receipt, treated as the date of deposit. Account A receives a passbook; Account B receives a deposit receipt. Act-Rules Direct Taxes Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6674