Post Office Recurring Deposit (Amendment) Rules, 2011 - Amendment in rules 6, 9, 9A and 11

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....ed by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Recurring Deposit Rules, 1981, namely:- 1. (1) These rules may be called the Post Office Recurring Deposit (Amendment) Rules, 2011. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the....

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....count have not been rectified during its maturity period or maturity period as extended under sub-rule (1) of rule 7 and the depositor has retained the amount in the account beyond maturity period, the depositor shall be entitled to a simple interest at the rate applicable from time to time to post office savings accounts on the deposited amount from the date of maturity till the date of closure o....