Post Office Recurring Deposit (Second Amendment) Rules, 2011 - Amendment in rules 9. 10, 11, 12 and insertion of tables 44 to 46
G.S.R. 843(E) was published on 25 November 2011. Its subject is Post Office Recurring Deposit (Second Amendment) Rules, 2011 - Amendment in rules 9. 10, 11, 12 and insertion of tables 44 to 46.
| Under the 1961 Act | Now |
|---|---|
| s.15 | s.15 |
Post Office Recurring Deposit (Second Amendment) Rules, 2011 - Amendment in rules 9. 10, 11, 12 and insertion of tables 44 to 46
NOTIFICATION G.S.R. 843(E) [F.No. 1/7/2011-NS-II], dated 25-11-2011
In exercise of the powers conferred by section 15 of the Government Savings Bank 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 (Second Amendment) Rules, 2011.
(2) They shall come into force on the 1st day of December 2011.
2. In the Post Office Recurring Deposit Rules, 1981 (hereinafter referred to as the said rules), in rule 9,-
(a) in the Schedule under clause (a) of sub-rule (1), for the last entry, the following entries shall be substituted, namely:-"From 1.3.2003 to 30.11.2011 (both dates inclusive)
....728.90From 1.12.2011 onwards
....738.62";(b) in the Schedule under clause (a) of sub-rule (2), for the last entry, the following entries shall be substituted, namely:-
"From 1.3.2003 to 30.11.2011 (both dates inclusive)
....728.90From 1.12.2011 onwards
....738.62".3. In rule 10 of the said rules, in sub-rule (2), in items (a) and (c), for the words and figures "Tables 1,2, 11,13, 17, 20, 22, 26, 29, 32, 35, 38 or 41", the figures and words "Tables 1, 2,11,13 17, 20, 22, 26, 29, 32, 35, 38, 41 or 44" shall be substituted.
4. In rule 11 of the said rules, in sub-rule (2), in items (b) and (c), for the words and figures "Tables 3, 4, 12, 14, 18, 21, 23, 27, 30, 33, 36, 39 or 42", the words and figures "Tables 3, 4,12,14,18, 21, 23, 27, 30, 33, 36, 39, 42 or 45" shall be substituted.
5. In rule 12 of the said rules,-
(a) in sub-rule (1), in item (b), in sub-item (ii), for the words and figures "Tables 5, 6, 7,8, 9 10,15, 16, 19, 24, 25, 28, 31, 34, 37, 40 or 43", the words and figures "Tables 5, 6, 7, 8, 9, 10, 15, 16, 19, 24, 25, 28, 31, 34, 37, 40, 43 or 46" shall be substituted.
(b) in sub-rule (3) and sub-rule (4), for the words and figures "Tables 5, 6, 7,8,9,10,15,16,19, 24, 25, 28, 31, 34, 37, 40 or 43", the words and figures "Tables 5, 6, 7, 8, 9, 10, 15, 16, 19, 24, 25, 28, 31, 34, 37,40,43 or 46" shall be substituted.
6. After Table 43 of the said rules, the following Tables shall be inserted, namely:-
"TABLE 44
(See Rule 10)
Amount, inclusive of interest, payable on an account opened on or after the 1st day of December, 2011 and continued, with monthly deposits, beyond the maturity period or maturity period as extended under sub-rule (1) of rule 7.Number of completed years for which the account continued
Amount (Rupees) repayable on an account of Rs. 10 denominationOne year
924.80Two years
1126.32Three years
1344.46Four years
1580.58Five years
1836.17Note: The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
TABLE 45
(See Rule 11)
Amount, inclusive of interest, repayable on an account opened on or after the 1st day of December, 2011 and continued, without any fresh monthly deposits, beyond the maturity period or maturity period as extended under sub-rule (1) of rule 7.Number of completed years for which the account continued
Amount (Rupees) repayable on an account of Rs. 10 denominationOne year
799.50Two years
865.41Three years
936.75Four years
1013.97Five years
1097.55Note: The amount repayable on an account of any other denomination shall be proportionate to the amount specified above,
TABLE 46
(See Rule 12)
Amount, payable to legal heir or nominee on the death of the depositor in a Five Year Recurring Deposit Account opened on or after the 1st day of December, 2011.Number of deposits made
Amount (Rupee) for denomination of Rs.10
No. of deposits made
Amount (Rupees) for denomination of Rs.101 to 11
Deposits made
36
406.4412
125.09
37
420.4813
135.95
38
433.3314
146.88
39
446.2715
157.88
40
459.2916
168.95
41
472.4017
180.09
42
485.5918
191.31
43
498.8819
202.59
44
512.2520
213.95
45
525.7021
225.37
46
539.2522
236.87
47
552.8923
248.45
48
566.6224
260.10
49
580.4425
272.12
50
594.3526
283.94
51
608.3527
295.84
52
622.4428
307.81
53
636.6329
319.86
54
650.9230
331.99
55
665.2931
344.20
56
679.7632
356.49
57
694.3333
368.86
58
709.0034
381.30
59
723.7635
393.83
60
738.62Note: The amounts shall be proportionate for other denominations".
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Rules it names. Rule 10, 11, 12, 7, 9 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.
Source: the Income Tax Department’s own published text — its page for this instrument.