TaxTMI 
TaxTMI 
TaxTMI 
Social Security Certificates Rules, 1982
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....the time being in force ; (v) "Corporation" means a corporation established by or under any law for the time being in force, but does not include a company : (vi) "Form" means a form appended to these rules ; (vii) "Government company" means a company as defined in section 617 of the Companies Act, 1956 (1 of 1956) ; (viii) "identity slip" means an identity slip issued to a holder of a certificate under rule 11 ; (ix) "local authority" means a municipal corporation, municipal committee, district board, body of port commissioners or other authority legally entitled to or entrusted by the Government with the control or management of a municipal or local fund ; (x) "old certificate" means a certificate issued under the Post Office Savings Certificates Rules, 1960, or the National Savings Certificates (First Issue) Rules, 1965, or the National Savings Certificates (IV Issue) Rules, 1970, or the National Saving Certificates (V Issue) Rules, 1973, or the National Savings Annuity Certificates Rules, 1976, or the National Savings Certificates (VI Issue) Rules, 1981, or the National Savings Certificates (VII Issue) Rules, 1981, or a Bond issued under the National Development Bon....
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....y time to the Life Insurance Corporation of India or under the Postal Life Insurance Scheme, such proposal shall not have been rejected by the said Corporation or under the said scheme; (d) the application in Form 1 shall be complete in all respects and shall be accompanied by the documents as specified in the said Form and bear the signature of the applicant or his thumb impression, if he is illiterate which shall be affixed by him in the presence of an authorised person and no addition, deletion or modification in any manner shall be made in the declarations contained in the said Form save as otherwise directed therein. Explanation : For the purpose of this clause, "authorised person" means the Postmaster of the post office at which the application is presented, or any other official of the post office as may be authorised in this behalf by the Director General, Posts and Telegraphs, or an authorised agent of small savings scheme; (e) the application shall be accompanied by payment of face value of the certificate applied for; (f) details of any certificate already purchased under these rules by the applicant shall be furnished by him. 6. Limit on holding of certificates....
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....y slip.- (1) If a request for the issue of an identity slip is made at any time by the holder of a certificate to the post office where the certificate stands registered, an identity slip shall be issued to such holder on his signing the identity slip. (2) The identity slip shall be surrendered at the time of the final discharge of the certificate or in case of its loss, a declaration of such loss shall be furnished to the post office in the form laid down by the Director General, Posts and Telegraphs. 12. Transfer from one post office to another.- (1) A certificate may, during its maturity period, be transferred from a post office at which it stands registered, to any other post office on the holder making an application in the form laid down by the Director General, Posts and Telegraphs at either of the two post Offices. Provided that where a person holds more than one certificate and their maturity period has not expired, all such certificates shall be registered in a Post Office or post offices In the same postal circle. 13. Pledging of certificate.- (1) The Postmaster of the office where a certificate stands registered may permit transfer of the certificate for being pledg....
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....ub-rule (2) and (4) on a certificate, no space is left for making further endorsements of a like character on that certificate, a fresh certificate may be issued by the Postmaster of the office of registration in lieu of such certificate. (6) A fresh certificate issued under sub-rule (5) shall be treated as equivalent to the certificate in lieu of which it has been issued for all the purposes of these rules. 14. Replacement of lost or destroyed certificate. - (1) if a certificate is lost, stolen, destroyed, mutilated or defaced, the person entitled thereto may apply for the issue of a duplicate certificate to the post office, where the certificate is registered or at any other post office in which case the application will be forwarded to the post office where the certificate stands registered. (2) Every such application shall be accompanied by- (a) a statement showing particulars, such as, number, amount and date of the certificate and the circumstances attending such loss, theft, destruction, mutilation or defacement ; (b) identify slip, if any. (3) If the officer in charge of the post office where the certificate stands registered is satisfied of the loss, theft, destruc....
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.... nomination shall be registered in the Head Post Office concerned and the fact of registration shall be noted on the certificate and on such registration, the said nomination or cancellation or variation of nomination, as the case may be, shall be deemed to be effective from the date on which it was presented. 16. Payment on maturity.- On the expiry of the maturity period of a certificate, its holder or, in the event of his death, his nominee, or if there is no surviving nominee, the legal heir of the holder, as the case may be, shall be entitled to receive a sum inclusive of Interest of Rs. 1500 if the certificate, is of the denomination of Rs. 500 or Rs. 3000 if the certificate is of the denomination of Rs. 1000 and such interest shall accrue at the end of each year as specified in the Table below and the interest so accruing at the end of each year upto the end of the ninth year shall be deemed to have been reinvested on behalf of the holder and aggregated with the amount of face value of the certificate. TABLE The year for which interest accrues Amount of interest (Rs.) accruing on certificate of denomination of Rs. 500 Rs. 1000 1 2 3 First year 58.06 116.12....
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....ed to receive in respect of each such certificate held by the deceased holder, payment of a sum of Rs. 1500 or Rs 3000 according to the denomination of the certificate of Rs. 500 or Rs. 1000, as the case may be. Explanation.- For the purpose of clause (b), 'non-natural causes' shall mean accidents due to external, violent and visible means and shall include rail and road accidents, electrocution, snake-bite, drowning, fire and attack by wild animal but shall not include self-injury and suicide. (2) If a doubt arises as to whether the death of the holder was or was not due to a non-natural cause other than self-injury or suicide, the certificate in Form 4 by the district collector of the district magistrate in whose jurisdiction the place of death falls shall be deemed final. (3) Payment under sub-rule (1) shall be restricted to the certificates held by a deceased holder upto a maximum limit of aggregate face value of Rs. 5000 and in respect of any certificate held in excess of such limit by the deceased holder and not matured as on the date of his death, the face value of such certificate shall be payable only on the expiry of its maturity period without any interest to....
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....s registered : Provided that a certificate may be encashed at any other post office if the officer-in-charge of that post office is satisfied on production of identity slip or on verification from the office of its registration that the person presenting the certificate for encashment is entitled thereto. 20. Discharge of certificate.- (1) The person entitled to receive the amount due under a certificate shall, on its encashment sign on the back thereof in token of having received the payment. (2) A certificate of discharge may be issued by the post office to any person encashing a certificate. 21. Claims of nominees or legal heirs.- (1) For the purpose of claiming payment of the amount due under rule 16 or 18, as the case may be, the nominee or legal heir of the holder shall make an application to the Post-master of the office where the certificate stands registered and such application shall be accompanied by- (i) certificate on which payment is claimed; (ii) proof of death of the holder of the certificate ; (iii) proof of death of deceased nominee, if any ; (iv) death certificate in Form 4 signed by the district collector or the district magistrate, in cases covered ....
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.... or the Air Force, or under section 171 or section 172 of the Navy Act, 1957 (62 of 1957) in the case of a person belonging to the Navy. 23. Conversion from one denomination to the other.- (1) On an application being made in this behalf by the holder, certificates of lower denomination may be exchanged for a certificate or certificates of higher denomination of the some aggregate face value or a certificate of higher denomination may be exchanged for certificates of lower denomination of the same aggregate face value : Provided that certificates bearing different dates shall not be combined for being exchanged for certificate or certificates of higher denomination. (2) The date of the certificate or certificates issued in exchange shall be the same as that of the original certificate or certificates surrendered and not the date on which the exchange is made. 24. Income-tax.- Interest on the certificates shall be liable to tax under the Income-tax Act, 1961 (43 of 1961), on the basis of the annual accrual specified in rule 16, but no tax shall be deducted at the time of payment of discharge value : Provided that any amount payable to a nominee or legal heir of a holder under su....
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....heir, as the case may be, it may, by order, for reasons to be recorded in writing, relax the requirements of that provision in a manner not inconsistent with, the provisions of the Act. FORM 1 [See rules 5, 9 and 15(1)] FORM OF APPLICATION FOR PURCHASE OF SOCIAL SECURITY CERTIFICATES To The Postmaster___________ 1. I_________________ son*/daughter*/wife* of_________________ hereby apply for the purchase of Social Security Certificates as detailed below and tender the amount of their face-value. Form of tender Amount tendered (Rs.) Certificate required Number (Rs.) Denomination Total Face value 1 2 3 4 5 (i) Cash (ii) Cheque, demand draft or pay order (iii) Application for withdrawal from Post Office Savings Bank. (iv) Matured old certificate(s) for investment. Total : *Cross out, if not applicable. DECLARATIONS: 2. I hereby declare- (a) that I agree to abide by the Social Security Certificates Rules, 1982; (b) that I am of good health (see paragraph 6 below); (c) that I am not l....
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....re required) are to be received by the applicant personally. DECLARATION OF HEALTH 6. I hereby declare- (a) that I am of good health. (b) that during the last three years I have not suffered from asthma, pneumonia, spitting of blood, tuberculosis, high or low blood pressure, rheumatic-fever, diabetes jaundice, any disease of kidney, prostate or urinary system, paralysis, insanity, epilepsy, fits of any kind or nervous break down or any other disease of the brain or nervous system, cancer, leprosy, rheumatism, tumour or venereal disease; and (c) that I have not undergone any surgical operation which has resulted in my hospitalisation for more than ten days during the last three years. Full address of applicant: _____________________ _____________________ Signature (or thumb impression if illiterate) of applicant. Date________________ 7. EVIDENCE OF DATE OF BIRTH Original document to be returned to the applicant: (i) Certificate of birth issued by local authority___________(name of Municipal Corporation, Municipality, Panchayat or other body concerned). (ii) Matriculation certificate or equivalent, namely_____________(to be specified). (iii) Certifica....
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....aster. ________________ *Name and address of identifier to be given, if the applicant is not known to the Postmaster. FORM 2 [See rule 15(1)] INDIAN POSTS AND TELEGRAPHS DEPARTMENT Serial No_____________ FORM OF APPLICATION FOR NOMINATION UNDER SECTION 6 OF THE GOVERNMENT SAVINGS CERTIFICATES ACT, 1959. (This form will be filled in by the holder and submitted with the certificates to the Postmaster of the office where the certificates stand registered). To The Postmaster, Under the provisions of section 6(1) of the Government Savings Certificates Act, 1959, I,________________ the holder of Social Security Certificates detailed in para 3 below, hereby nominate the person(s) mentioned below, who shall, on my death, become entitled to the certificate(s) and to be paid the sum due thereon to the exclusion of all other persons. I hereby declare that I have not so far made any nomination in respect of these certificates. The certificates are enclosed. Sl. No Name of the Nominee Full address Date of birth of nominee in case of minor ....