REGISTERED No. D. 221 जिस्ट्री सं ० डी ० 221
भारत का राजपत्र The Gazette of India
असाधारण
EXTRAORDINARY
भाग II-सण्ड 3-- उपसण्ड ( i )
PART I- Section 3-Sub - Section ( 1 )
प्राधिकार से प्रकाशित
PUBLISHED BY AUTHORITY
नई दिल्ली , शुक्रवार , जून 30 , 1967 / श्राषाढ़ 9, 1889
सं० 110]
NE V DELHI , FRIDAY , JUNE 30 , 1967 / ASADHA 9 , 1889
Νο . 110 )
इस भाग में भिन्न पृष्ठ संख्या दी जाती है जिससे कि यह अलग संकलन के रूप में रखा जा सके ।
Separate paging is given to this Part in order that it may be filed as a separate compilation .
MINISTRY OF FINANCE
( Department of Economic Affairs )
NOTIFICATION
New Delhi , the 28th June 1967
G.S.R 990.- In exercise of the powers conferred by section 15 of the Gov- ernment Savings Banks Act , 1873 ( 5 of 1873 ) and all other powers hereunto en- abling , the Central Government hereby makes the following rules , namely:-
1. Short title and commencement ( 1 ) These rules may be called the Mysore Government Savings Banks , Rules , 1967 .
( 2) They shall come into force on the 1st day of August , 1967 .
2. Definitions . In these rules , unless the context otherwise requires ,- (a) " account " means the account of a depositor in the Treasury Savings Bank;
(b ) " balance " means the balance at credit of an account excluding interest for the current year ;
( 317 ) THE GAZETTE OF INDIA EXTRAORDINARY
318
[PART II-
( c) " depositor " means a person by whom or on whose behalf money has been heretofore , or shall be hereafter , deposited in a Government Sav- ings Bank:
( d ) " Form " means a Form appended to these rules ;
( e) " guardian" means a person entitled under the law for the time being in force to have the care of the property of a minor or , as the case may be , of a person of unsound mind;
(f) " local authority " means a Panchayat , Taluka Development Board , District Development Council , Municipal Committee ( whether known as a Corporation , Municipality or by any other name ) , State Port Officer or other authority legally entitled to or entrusted by the Gov ernment with the control or management of any municipal or local fund;
(g) " Treasury Officer " means an officer in charge of the Treasury Savings Bank;
(h) " Treasury Savings Bank " means any Treasury ( including a District Treasury and a Sub - Treasury ) which is functioning also as a Savings Bank;
( 1 ) " Year " means the year commencing on the first day of April .
3. Types of accounts and matters connected therewith. The types of accounts which may be opened , the persons by whom such accounts may be opened and operated upon and other matters connected therewith shall be as specified in the Table below , namely:-
TABLE
Type of account Who may open
Who may operate on the account
No. of accounts that
can be opened
2
I
4
3
( 1) Single Accounts
One .
The adult , An illiterate adult may operate on his account through a literate agent , nominated by him for the pur- pose.
( a) A person who has attained the age ofmajority and who is of sound mind (hereinafter referred to as an adult ) .
One .
(b) A minor .
The minor , provided he is literate .
(c) A guardian on be- half of a minor .
One on behalf of each minor .
The guardian during th minority of the mino and thereafter by the ex -minor provided that ifthe minor has an ac- count opened by him- self, he shall close one of the two accounts on attaining the age of majority .
son of unsound mind . (d) A guardian of a per- One on behalf of each person of unsound mind
The guardian of a person of unsound mind . If the depositor is subse- quently declared to be sane by an order of Court , the depositor may be allowed to operate on the account on fur- nishing a fresh index- card referred to in rule 5 duly supported by a certified copy of the aforesaid order .
THE GAZETTE OF INDIA EXTRAORDINARY
SEC. 1 ( 1 ) ]
319
I
2
3
One The person who has opened an account on behalf of the depositor .
(e) A person on behalf of his wife or autho- rised agent on behalf of a woman .
NOTE : In the case of a person of unsound mind confined in a mental hospital , the Superintendent of the mental hosiptal may open an account on behalf of the person so confined and operate on it .
One.
( 2) Joint Account .
(a) Both the depositors or survivor;
(b) Either depositor or sur- vivor .
Two adults being per- sons who do not hold single accounts in their own names , payable to ( a) both jointly or survivor .
(b) either depositor or survivor .
( 3 ) Public Account .
One in respect of cach authority or body.
One or two persons authorised for the pur- pose either jointly or severally at the option ofthe authority or body .
A local authority or a law- fully constituted as- sociation, institution or other body for the encouragement of thrift or for mutual benefit of its members ,
NOTE : This includes the Corporations , Muzrai institutions and bene- volent institutions , No. account is allowed for money which is the property of Government .
(4) Security Deposit Accounts .
Employees , contrac- tors and agents of Govt . or quasi -Go-
The pledgee and the pledger to the extent of the amount authorised by the pledgee .
One in respect of each contract or security in addition to an account in his ' per- sonal' name .
vernment bodies or ofCorporations or of Govt . owned indus- tries or of local autho- rities or of Univer- sities who are requir- ed to deposit security in their capacity as such employees , con- tractors or agents .
(
Authority appointed by Court.
One on behalf of each minor .
5) (a) Money be- longing to a minor .
The Treasury Officer on the motion of a Court,
The Treasury Officer .
Authority appointed by court .
One on behalf of the Company .
(b) Investments by a court on behalf of a com- pany un- derliquida- tion,
NOTE : The Nazir of a Civil Court appointed by the Court as the guardian of a minor's estate cannot in that capacity become a depositor in the Treasury Savings Bank . The proper place for his account is Judicial Deposits ' .
THE GAZETTE OF INDIA EXTRAORDINARY
320
[PART 11-
4. Deposits.- ( 1 ) Deposits may be made in cash only.
(2 ) No account shall be opened with a deposit of less than rupees two .
( 3 ) No subsequent deposit shall be less than rupee one ,
5. Mode of depositing money in Treasury Savings Bank . ( 1 ) Any person wishing to open an account in a Treasury Savings Bank should apply to the nearest Treasury Savings Bank in index card in Form 1in Form 1 duly filledled in .
(2) For each deposit the depositor shall be granted a receipt in the pass book .
6. Withdrawal. ( 1 ) No withdrawal shall be for a sum less than rupee one .
(2) No withdrawal shall be permitted which has the effect of reducing the balance to less than rupees five.
(3 ) To withdraw money , a depositor is required to present or send his pass book with an application for withdrawal in Form 2 duly filled in and signed.
7. Withdrawal from an account opened on behalf of a minor or a person of unsound mind. Subject to the provisions of rule 6, a withdrawal shall be per- mitted during the minority or lunacy of the depositor on the guardian or the Superintendent of the mental hospital , as the case may be , furnishing a certi- ficate in the following form:-
"Certifled that the amount sought to be withdrawn is required for the use of who is a minor / a person of unsound mind/ and who is alive this day . "
8. Inturest .- ( 1 ) Interest at the rates notified by the Government of Mysore in the Mysore Gazette shall be allowed for each calendar month on the lowest balance at the credit of the account between the close of the sixth day and the end of the month .
Provided that-
( i ) interest shall be allowed only on sums of complete rupees and shall be rounded off to the nearest multiple of five paise and for this purpose any amount of 2 : 5 paise or more shall be treated as five paise and any umount less than 2 : 5 paise shall be ignored;
(ii ) no interest shall be allowed on an account for any month in which the balance at credit was below rupees ten at any time between the sixth and last date of the month .
(2) No interest shall be allowed on any single account , joint account or security deposit account on any sum exceeding rupees two lakhs .
(3) No interest shall be allowed on an account for any year in which the amount of interest for the year is less than 50 paise .
(4 ) ( a ) Interest shall be allowed on an account opened on behalf of a minor only upto the date when the depositor attains majority .
(b ) The account may be continued as an ordinary account after the minor attains the age of 18 years , if he so desires , by furnishing a fresh index card in Form 1 , Interest being allowed from the date of furnishing the index card .
(5 ) ( a ) Interest on a security deposit account shall be allowed only upto the end of the month preceding the date of notice from the pledgee that the deposit is no longer required as security , thatis the date from which the account loses tts character as a security deposit.
(b) In cases where the pledger is an individual and does not hold either a single account or a joint account , the security deposit account may , however be continued as a single account after the pledgee has released it , provided the deposi- tor gives advance intimation to the Treasury Officer to continue his security de- posit account as a single account from the datedate of release of deposit by the pledgee. Interest on such accounts shall be allowed.
(c) In the case of security deposit account where the required amount of security is deposited in full , the accrued interest may be allowed to be drawn by the dpositor, thethe withdrawal from in Form 2 being duly counter signed by the pledgee .
THE GAZETTE OF INDIA EXTRAORDINARY
SEC . 3 ( 1 ) )
321
(6) Interest on the account of a deccased depositor in respect of the amount standing at his credit at the time of his death and on which he was entitled to get interest will be paid only upto a period of six months from the date of death of such depositor and thereafter the account will cease to earn any interest . No interest shall be allowed on money deposited in the account of a depositor after the death of such depositor .
(7) No interest shall be allowed on deposits in an account opened in contraven tion of rule 3 .
9. Pass Book to be presented for confirmation of the balance . Each depositor shall be supplied with a pass book in which shall be entered from time to time the amounts deposited or withdrawn by the depositor . The depositor shall present his pass book , once a year as soon as possible after the 15th of May when the Interest due is duly notified in the Mysore Gazette , to the Treasury Savings Bank for addition of interest and confirmation of the balance to the credit of the account and obtain a receipt therefor . Failure to do so or to get the pass book within three months of its handing over may entail the acceptance by the depositor of the balance in the Treasury Savings Bank ledger as final .
10. Duplicate pass book. If a pass book is lost , stolen , destroyed or spoilt while in the custody of the depositor , he shall be given a duplicate pass book on his paying a fee of rupee one and on completion of inquiries by the Treasury Officer . The Treasury Officer may grant exemption from payment of this fee if the pass book has been lost , destroyed or spoilt under circumstances beyond the control of the depositor .
11. Transfer of an account from one office to another . A depositor may have his account transferred free of charge from one Treasury Savings Bank to any other Treasury Savings Bank subject to such conditions as may be prescribed .
12. Closing of accounts . When a depositor wishes to close his account in the course of the year , the interest to the end of the preceding month from the date on which the account is closed shall be credited to the account and paid to the depositor with the principal . When an account is closed , the pass book shall be surrendered to the Treasury Savings Bank.
Note . When an order has been issued to close un account interest ceases to accrue from the first day of the month in which the order is issued.
13. Silent accounts .- ( 1 ) Where no deposit into or withdrawal from an account has taken place for six complete years , then such an account will be treated as a silent account.
(2) No transactions shall be allowed in respect of a silent account without the prior sanction of the Accountant General , Mysore .
14. Nomination. A depositor may make a nomination in respect of his account in accordance with the provisions of the Mysore Government Savings Bank (Nomi- nations ) Rules , 1964 .
15. Responsibility of the Savings Bank.-The Treasury Savings Bank shall not be responsible to a depositor for any fraudulent withdrawal by any person obtain- ing possession of the pass book from the depositor .
16. Recovery of amount paid in excess -The Treasury Savings Bank shall recover any interest or any other amount paid in excess in the same manner as an arrear of land revenue .
17. Interpretation. If any question arises relating to the interpretation of these rules , it shall be referred to the Central Government for decision.
18. Ropeal and Savings . Any rules corresponding to these rules in force imme diately before the commencement of these rules shall cease to be in force except as respects things done or omitted to be done before such cesser .
THE GAZETTE OF INDIA EXTRAORDINARY
[PART 11- 322
FORM I
[See rule 5 ( 1 ) ]
PART I- MYSORE GOVERNMENT SAVINGS BANK
Index Card
Account No.
1. Name of Depositor ( In Block letters ) .
2. Name of father of Depositor .
3. Date of birth of Depositor ( in the case of a minor ) .
4. Occupation of Depositor .
5. Residence of Depositor .
6. Temporary residence .
relative Or husband 7. Name of guardian agent
PLACE:
Signature of Depositor .
.... 196
DATE:.
One of the following declarations should be furnished : -
Form of declaration to be signed by depositor on making the first deposit .
to me
" I hereby declare that the Mysore Government Savings Banks Rules , 1967 , have been read by me and that I accept the said rules and all such amendments I further declare thereto as may be issued from time to time as binding upon me . that I have no account opened by me on my own behalf at any Mysore Govern- ment Savings Bank. I have opened this account with a first deposit of Rs . (in words) and have received a pass book in which this sum is acknowledged.
Declaration in the case of minor's account :
The following declaration should be signed by the minor's guardian:-
"I hereby declare that the Mysore Government Savings Banks Rules , 1967 , have been read by me, that I accept them as binding upon me and that I am aware to me that during the minority of the minor depositor , no one other than a guardian as defined in rule 2 can withdraw the money from this account . The minor was (date by Christian era as nearly as can be ascer- born on tained ) . I further declare that I have no account on behalf of the minor named below at any of the Mysore Government Savings Banks . I have opened this (in words) and have received a account with a first deposit of Rs . pass book in which this sum is acknowledged."
Guardian of minor .
1967 .
The .
In the case of an account of a woman the following declaration should be signed:-
" I hereby declare that the Mysore Government Savings Banks Rules , 1967 , have been read to the depositor and that she accepts them as binding upon her.
by
I further declare that the depositor has no account in her own neme at any Mysore Government Savings Bank .
I have opened this account on behalf of the depositor with a first deposit of (in words) and have received a pass book in which this sum is acknowledged. " Rs .
THE GAZETTE OF INDIA EXTRAORDINARY
Sec . 3 ( i ) ]
323
Instructions
1. The applicant must fill up the index card and sign it along with the declara- tion printed onit . He should also furnish a specimen of his signature on a slip of paper and tender his deposit with a challan in Part II of this form.
2. If the account is a security deposit account , the fact should be stated on the index card .
3. If a Muslim depositor on opening his account makes a request that interest be not added to his deposit , he should add a note to that effect on the index card .
4. If an account is opened on behalf of a minor , the relationship of the miner to the guardian should be clearly mentioned on the index card and the relevant declaration as given thereon should be signed by the depositor .
5. In the case of the account of a woman , the relationship of the woman to the depositor should be clearly mentioned on the index card and the relevant declaration as given thereon should be signed by the depositor.
PART II- MYSORE GOVERNMENT SAVINGS BANK CHALLAN
Place ..
Date .
To
The Officer in charge of Treasury Savings Bank at
Please receive Rs .
Account No.
(Rupees in words ) on account of my S.B. in your treasury . The balance at my credit including (inwords)
this deposit will be Rs .
Signature of Depositor
Entered :
Auditor, Accountant General's Office .
FROM 2
(See rule 6)
MYSORE GOVERNMENT SAVINGS BANK
Application for withdrawal
The Treasury Savings Bank at
Account No ..
Existing balance . Rs .
(Rupees in words)
Please pay the sum of rupees ( in words ) ... to me/ messenger named below and debit the amount to my S. B. Account mentioned above . The balance to my credit after this withdrawal will be Rs ..
Particulars of Messenger .
Name of the Messenger .
Signature of the Messenger .
Signature of identifier (if necessary)
Signature/ thumb impression of depositor .
Dated .
Dated .
N. B. The attention of the depositor is drawn to the instructions printed on the cover of the pass book ;
Certificate , prescribed in rule 7 , if any .
THE CAZETTE OF INDIA EXTRAORDINARY
[PART II-- 324
Caution
The reccipt for payment is to be signed only at the time of actual payment . The Treasury Savings Bank will not accept any liability for any loss sustained by the depositor as a result of dis- regard of this direction .
Where the depositor is illiterate and aflixes only his thumu impression and does not attend the Treasury Savings Bank in person the signature of a respectable witness is also necessary .
Date of withdrawal .
WARRANT OF PAYMENT
Account No ...
Folio ..
Ledger
passed for payment of rupees ( in words) .
(rupess in figures ) .
Treasury Savings Bank Date Stamp
Signature of Treasury Officer
Closed Account Calculations
Balance
Interest from 1st April
to ..
RECEIPT FOR PAYMENT
1. Received payment of rupees ( in words) .
only , rupees ( in figures ) .
* 2. The up - to - date interest on the account has been received and the account is finally closed .
Signature of identifier ( if necessary )
Signature of the depositor or messenger
Dated .
Dated .
* IMPORTANT : To be scored through when the account is not finally closed .
Audited
Initials
of the Auditor , Office of the Accountant General , Mysore ,
Signature THE GAZETTE OF INDIA EXTRAORDINARY
SEC. 2 ( i ) ]
325
Instructions
1. If a depositor does not present himself at the Treasury Savings Bank for payment , the name of the agent or messenger should be entered at the foot of the Form and the signature of the agent or messenger should be placed beneath that entry.
2. If a depositor is unable to write , he should be required to be present at the Treasury Savings Bank personally if possible and affix his thumb impression to the application . Should he be unable to attend personally , he may send his pass book with the application bearing his thumb impression duly attested by a res- pectable witness known to the staff of the Treasury Savings Bank.
3. If a depositor desires to withdraw the whole of the balance shown at his credit in the pass book , he will be required to close his account .
[No. F. 7 ( 27 ) -NS / 66 . ]
A. R. SHIRALI , Jl . Secy
PRINTED IN INDIA BY THE GENERAL MANAGER , GOVERNMENT OF INDIA PRESS , NEW DELHI AND PUBLISHED BY THE MANAGER OF PUBLICATIONS , DFI HI , 1967