G.S.R. 639(E) — Rules/amendment Rules

What this is

G.S.R. 639(E) was published on 28 July 2010. Its subject is Rules/amendment Rules.

This amends the Income-tax Rules. What it changes is the Rules, not the Act — and a rule can never take away what the section gives.

What it does

The Central Government, in exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873, makes the Senior Citizens Savings Scheme (Amendment) Rules, 2010, further to amend the Senior Citizens Savings Scheme Rules, 2004. In rule 8 of those rules, sub-rule (3) is substituted. As substituted, on the death of a depositor before maturity the account is to be closed and the deposit refunded on an application in Form 'F', with interest as applicable to the scheme up to the date on which the depositor expired, to the nominee or, where the nominee has also died or no nomination under rule 6 was made, to the legal heirs. For the period between the day following the date of death and the date on which refund is made, simple interest is to be paid at the rate applicable from time to time to savings accounts as provided in rule 6 of the Post Office Savings Accounts Rules, 1981.

Who it reaches

nominees and legal heirs of a deceased Senior Citizens Savings Scheme depositor
post offices and banks operating Senior Citizens Savings Scheme accounts
depositors making or omitting a nomination under rule 6 of the Senior Citizens Savings Scheme Rules, 2004

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.

Under the 1961 Act	Now
s.15	s.15

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

RULES/AMENDMENT RULES
SAVINGS MATTER
Senior Citizens Savings Scheme (Amendment) Rules, 2010 - Amendment in rule 8
NOTIFICATION NO. G.S.R. 639(E), DATED 28-7-2010
In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules to further amend the Senior Citizens Savings Scheme Rules, 2004, namely :—
1. (1) These rules may be called the Senior Citizens Savings Scheme (Amendment) Rules, 2010.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Senior Citizens Savings Scheme Rules, 2004 in rule 8, for sub-rule (3) the following sub-rule shall be substituted, namely :—
"(3) In case of death of a depositor before maturity, the account shall be closed and deposit refunded on an application in Form ‘F’ along with interest as applicable to the scheme till the date on which the depositor expired, to the nominee or legal heirs in case the nominee has also expired or nomination as provided in rule 6 was not made, as the case may be. For the period between the day following the date of death of the depositor and the date on which refund is made, simple interest shall be paid at the rate applicable from time to time to savings accounts as provided in Rule 6 of Post Office Savings Accounts Rules, 1981".
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From when

the date of publication in the Official Gazette.

What to watch

The rules come into force on the date of their publication in the Official Gazette.
Scheme interest runs only up to the date of the depositor's death; from the day after that date until refund the account earns simple interest at the savings account rate under rule 6 of the Post Office Savings Accounts Rules, 1981.
The refund is made on an application in Form 'F', so the claim must be put in that form.
Legal heirs are reached only where the nominee has also died or no nomination under rule 6 was made.
This is an amendment under the Government Savings Banks Act, 1873, not under the Income-tax Act, 1961.

Where you meet it

In a claim made at a post office or bank for refund of a Senior Citizens Savings Scheme deposit after the depositor's death, and in the interest computation on that refund.

An example

Ours, not the Board’s: a worked case built from the rule the instrument sets, to show how it falls out.

A depositor dies on 10 August and the refund is made on 30 November. Interest at the scheme rate is allowed up to 10 August. From 11 August to 30 November the amount carries simple interest at the savings account rate under rule 6 of the Post Office Savings Accounts Rules, 1981, as applicable from time to time.

What it names

Rules it names. Rule 6, 8 of the Income-tax Rules, 1962. The 1962 Rules were replaced by the Income-tax Rules, 2026, which renumbered nearly everything: a rule number quoted here almost never means the same rule today.

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

Circular No. 3/2025 — Income tax deduction from salaries during the financial year 2024 25 under section 192 of the income tax act 1961 20 February 2025
Notification No. GSR 926(E) [F. No. 2/6/2006-NS.II], dated 24-12-2012 — Post Office Savings Account (Amendment) Rules, 2012 - Amendment in rule 4A 24 December 2012
Notification No. 323(E) — Post Office Time Deposit (Amendment) Rules, 2012 - Amendment in rule 7 25 April 2012
Notification No. 322(E) — Post Office (Monthly Income Account) Amendment Rules, 2012 - Amendment in rule 8 25 April 2012
Notification No. 321(E) — Senior Citizens Savings Scheme (Amendment) Rules, 2012 - Amendment in rule 7 25 April 2012
Notification No. 320(E) — Post Office Recurring Deposit (Amendment) Rules, 2012 - Amendment in Rules 9, 10 11 and 12 25 April 2012

← Notification No. 63 · Notification No. 62 →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.