Notification No. 320(E)

What this is

Notification No. 320(E) was published on 25 April 2012. Its subject is Post Office Recurring Deposit (Amendment) Rules, 2012 - Amendment in Rules 9, 10 11 and 12.

The provisions it speaks to

The instrument, as the Board published it

POST OFFICE RECURRING DEPOSIT (AMENDMENT) RULES, 2012 - AMENDMENT IN RULES 9, 10 11 AND 12
NOTIFICATION NO.GSR 320(E), DATED 25-4-2012
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 (Amendment) Rules, 2012.
(2) They shall deemed to have come into force on the 1st day of April, 2012.
2. In the Post Office Recurring Deposit Rules, 1981 (hereinafter referred to as the said rules), in rule 9,-
(a) in the Schedule to the said rules,- (i) in sub-rule (1), in clause (a), for the last entry, the following entries shall be substituted, namely:-

"From 1.12.2011 to 31.3.2012 (both dates inclusive) From 1.4.2012 onwards
738.62 746.51";

(ii) in sub-rule (2), in clause (b), for the last entry, the following entries shall be substituted, namely:-

"From 1.12.2011 to 31.3.2012 (both dates inclusive) From 1.4.2012 onwards
738.62 746.51".

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, 41 or 44", the figures and words "Tables 1, 2, 11, 13 17, 20, 22, 26, 29, 32, 35, 38, 41,44 or 47" 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, 42 or 45", the words and figures "Tables 3, 4, 12, 14, 18, 21, 23, 27, 30, 33, 36, 39, 42, 45 or 48" 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, 43 or 46", the words and figures "Tables 5, 6, 7, 8, 9, 10,15, 16,19, 24, 25, 28, 31, 34, 37,40, 43, 46 or 49" 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, 43 or 46", the words and figures "Tables 5, 6, 7, 8, 9, 10, 15, 16, 19, 24, 25, 28, 31, 34, 37, 40, 43, 46 or 49" shall be substituted.
6. After Table 46 of the said rules, the following Tables shall be inserted, namely:-
"Table 47
(See Rule 10)
Amount, inclusive of interest, payable on an account opened on or after the 1st day of April, 2012 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 denomination

One year
936.78

Two years
1143.55

Three years
1368.23

Four years
1612.40

Five years
1877.73

Note : The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
Table 48
(See Rule 11)
Amount, inclusive of interest, repayable on an account opened on or after the 1st day of April, 2012 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 denomination

One year
811.22

Two years
881.54

Three years
957.95

Four years
1040.99

Five years
1131.22

Note : The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
Table 49
(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 April, 2012.

Number of deposits made
Amount (Rupee) for denomination of Rs. 10
No. of deposits made
Amount (Rupees) for denomination of Rs. 10

1 to 11
Deposits made
36
409.64

12
125.43
37
423.21

13
136.35
38
436.22

14
147.34
39
449.32

15
158.41
40
462.51

16
169.55
41
475.80

17
180.77
42
489.17

18
192.06
43
502.64

19
203.44
44
516.21

20
214.88
45
529.87

21
226.41
46
543.62

22
238.02
47
557.47

23
249.70
48
571.41

24
261.46
491
585.45

25
273.60
50
599.59

26
285.55
51
613.83

27
297.58
52
628.17

28
309.69
53
642.60

29
321.89
54
657.14

30
334.17
55
671.78

31
346.53
56
686.52

32
358.98
57
701.36

33
371.52
58
716.30

34
384.14
59
731.35

35
396.85
60
746.51

Note : The amounts shall be proportionate for other denominations".
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What it names

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.

On the same provision

• 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
• G.S.R. 846(E) — Post Office Time Deposit (Second Amendment) Rules, 2011 - Amendment in rules 7 and 8 25 November 2011

← Notification No. 321(E)  ·  Notification No. 319(E) →