REGISTERED No. D. 221
The Gazette of India
EXTRAORDINARY
PART II - Section 3- Sub-section (i)
PUBLISHED BY AUTHORITY
No. 195] NEW DELHI, THURSDAY DECEMBER 16, 1965/AGRAHAYANA 25, 1887
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 16th December 1965
G.S.R. 1889.—In exercise of the powers conferred by section 12 of the Govern- ment Savings Certificates Act, 1959 (46 of 1959), the Central Government hereby makes the following rules, namely:—
1. Short title and commencement.—(1) These rules may be called the Govern- .ment Savings Certificates Rules, 1965.
(2) They shall come into force on the 1st March, 1966.
(3) They shall apply to the National Savings Certificates (First Issue)—Bank Series.
2. Definitions.—In these rules, unless the context otherwise requires—
(i) "Act" means the Government Savings Certificates Act, 1959 (46 of 1959);
(ii) "Bank" means the State Bank of India or any of its subsidiary banks which is authorised to issue the Certificate:
(645)
646 THE GAZETTE OF INDIA EXTRAORDINARY [PAKT I I-(iii) "Certificate" means a National Savings Certificate (First Issue)—Bank Series;
(iv) "company" means a company as defined in the Companies Act, 1956 (1 of 1956) and includes a foreign company as defined in section 591 of the said Act;
iv) "co-operative society" means a society registered or deemed to have been registered under tho Co-operative Societies Act, 1912 (3 of 1M.2) or under any other law for the time being in force;
(vi) "corporation" means a corporation established by or under any law for the time being in force, but does not include a company;
(vii) "deposit office" means an office of the State Bank of India or any of its subsidiary banks;
(viii) "Form" means a form set out in the schedule to these rules;
fix) "Government Company" means a Company as defined in section 617 of the Companies Act, 1956 (1 of 1956);
(x) "Issuing Office" means the deposit office authorised by the Central Gov- ernment by notification in the Official Gazette in that behalf to issue certificates also;
fxi) "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 man- agement of a municipal or local fund;
fxii) "scheduled bank" means a bank for the time being included in the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934) and includes an executor and a trustee company which is a subsi- diary of a scheduled bank.
3. Denominations in which certificates shall be issued.—The certificates shall be issued in denominations of Rs- 10, Rs. 100 and Rs. 1000.
4. Types of certificates.—The certificates shall be of the following types, namely:—
(a) Single Holder Type Certificates issued to an adult for himself or on
behalf of a minor, or to a minor;
(b) Joint 'A' Type Certificates issued jointly to two adults and repayable
to them jointly or to the survivor.
(c) Joint 'B' Type Certificates issued Jointly to two adults and repayable
to either of them or to the survivor.
5. Acceptance ot deposits.—(1) The deposits for the purchase of the certifi- cates shall be accepted at all deposit offices. These deposits may be in cash or by cheque, pay order, or demand draft drawn in favour of the officer in charge of the deposit office.
(2) Every deposit for the purchase of certificate shall be made along with an application m Form I at any deposit office and that office, if it is not an issuing office, shall send the amount of deposit together with the application to the issuing office concerned.
6. Issue of certificates.— (1) On receipt of the deposit with the application, the issuing office shall, on being satisfied that the application is in order, issue certificate or certificates 'after registering the same—
(a) where the deposit has been received from another office, to the deposi-
tor or his representative through that office;
(b) in all other cases, to the depositor or his representative.
(2) The date of issue of a certificate shall be the date on which the deposit is made:
SEC. 3(1)J THE GAZETTE OF INDIA EXTRAORDINARY 647Provided that where the deposit is made by means of a cheque, pay order or demand draft, the certificate shall not be issued unless the proceeds thereof are realised.
(3) Where a certificate or certificates are not issued immediately, a provisional receipt in Form II shall be given by the deposit office to the purchaser which may later be exchanged for a certificate and in such a case the date of certificate shall be the date of the provisional receipt.
7. Limits up to which certificates may be purchased.—The maximum amount that may be invested in the certificates including the amount invested In National Savings Certificates (1st Issue) in terms of the Government of India, Ministry of Finance Notification No. F. 7(3)-NS/G5 (id) dated the 25th March, 1965, shall be:
(i) for an adult for himself or on behalf of a minor or by a minor Rs. 25,000 (ii) for two adults jointly
Ra. 50,000
8. Calculations of limits.—For the purpose of calculating the limits under the rules:—
(i) one-half of the joint holding shall be taken to belong to each holder.
(ii) The certificates transferred by way of pledge or security under r u le 12 shall continue to be counted as the holding of the pledger.
9. Excess or irregular holdings.—(1) Any certificate purchased or acquired in excess of the limit prescribed in these rules or In contravention of these rules shall be encashed by the holder as soon as the fact of the holding being in excess of the limit or in contravention of these rules is discovered and no interest shall be paid on either the excess holding or any holding in contravention of these rule*:
Provided that a holding shall not be considered in excess of the limit prescrib- ed in these rules, if it is due to any of the following reasons, namely:—
(a) inheritance; (b) award by the Government for meritorious services; (c) survivorship in the case of joint holdings; (d) statutory devolution; and (e) nomination,
(2) If any interest has been paid on any excess holding or any holding which is in contravention of these rules, it shall be forthwith refunded to the Govern- ment, failing which, the Government shall be entitled to recover the amount involved from any money payable by the Government to the investor or as an arrear of land revenue.
10. Transfer from one office to another.—(1) A holder of a Single Holder Type Certificate or both its holders in the case of a Joint 'A' Type Certificate or either of the holders of a Joint 'B' Type Certificate may apply in Form III for transfer of the certificate from one issuing office to another.
11. Transfer from one person to another,—(1) A certificate may be transferred subject to the following conditions, namely:—
(a) the transfer shall be made in writing in Form IV; (b) the transfer may relate to the whole amount for which the certificate is issued or to a part thereof;
(c) the transfer shall be made to a person who is himself eligible to hold a certificate under these rules;
(d) the transfer shall not take effect until it is registered by the issuing office;
(e) any transfer during the period of two years from the date of issue of
the certificate may be made only to—
(i) a near relative (husband, wife, lineal ascendant or descendant, brother or sister) out of natural love and affection;
(ii) any other person or to any court under the orders of a court of law or with the approval of the Central Government.
(lii) a legal heir or the registered nominee or nominees of the deceased holder.
648 THE GAZETTE OF INDIA EXTRAORDINARY [PART I I-U) An Officer-in-charge of the Issuing office shall give his consent to the- ts-jusfer of a ceruflcate held on behalf of a minor only if, ut the time of the proposed transfer, a parent or a guardian referred to in sub-clause (i) or ns the case may be, sub-clause (ii) of clause (b) of section 5 of the Act certifies in wntir.g, that the minor is alive and thai such transfer is in his or her interest.
(3) Save as provided in rule 12, on the registration of a transfer a new certifi- cate shall be issued to the transferee.
(4) The date of issue of the rew certificate referred to in sub-rule (3) shall b - the same as the date of the certificate transferred.
12, Transfer by w.iy oi pledge ov security.—(1) Notwithstanding anything contained m dausf (s; of sub-rule (1) of rule 11, but subject "to the conditions specified in clauses <;<), (b) and (d) of. that sub-rule, a certificate may be trans- ferred by way of pltdge or security to—
(a) the President of India or Governor of a State in his official capacity; (b) the Rr-erye Bank of India or a scheduled bank, or a co-operative
society including a cooperative bank; (c) a corporation or a Government company; and (d) a local authority. Provided that the transfer of a cciifica'e purchase^ on behalf of a minoi shall be permitted only if at 1h" time of tbo proposed transfer, a parent or a guardian referred to in sub-clause (i) or, as the case may be, sub-clause (ii) of clause (b) of section 5 of the Act certifies in writing Ihut the minor is alive and tht:i such transfer is in his or her interest,
"Provided further that a gazetted officer of the Government who accepts the- crrtirU'ate as security under nib-ruio (1) or releases the pledge under sub-rule (3) on behalf of the President or the. Governor of a State shall certify that he- is' du:" authorised under article 299 of the Constitution in pursuance of the Notification No d:ik d the by the Government of Incha in tlie Ministry of /Stat'.- Government to execute such iiibtrLU-.ifcnts or deed? on fceknlf of the President of India/Governor of SMt-\ Such n curtiticale shall b^ir the signature and senl of office of the gazetted
(2) Until a certificate is retransferred under sub-rule (3), the pledgee shall b(- deemed to be the holder of the certificate.
(3) A certificpte transfen'ed under sub-rule (1) may be re-transferred, cver> within the period of nun-encasliability, by registration of the transfer deed in Form IV executed by the pledgee and the pledger-
(4) No new certificate shall be issued in the case of a transfer under the provi- sion of this rule. On the registration of a transfei, the offlcer-in-cnarge of the issuing office shall make the following endorsement on the certificate, namely;—
"Transferred as security to (official designation),"
In the event of the certificate being re-transferred to the pledger, the officer-ih- chargc of the issuing offlco shall make the following endorsement on the certifi- cate, namely:—
"Retransferred to "
(3) Where as a result of several endorsements made under sub-rule (4) on 0 certificate, no space is left for making further endorsements of a like character on that certificate, a fresh' certificate may be issued by the offlce-in-charge of the office of registration in lieu of such certificates,
(6) A fresh certificate issued under sub-rule (5) shall be treated as equival- ent to the certificate in lieu of which it has been issued for all the purposes of these rules.
13, Transfer from single holding to joint holding; and vice versa.—On an applica- tion in Form V being madt to Ihb issuing offlce:-
(a) a certificate in the name of a single holder may be transferred to the joint names of the holder and any other person;
{JEC. 3(b) a certificate in the names of joint holders may be transferred to tne name of one of the joint holders.
14. Conversion from 'A' Type Certificate to 'B' Type Certificate and vice versa.—
On an application being made to the issuing office:
(1) a joint 'A' Type Certificate may be converted into a Joint 'B' Certificate
in the names ol the same holders, and
(ii) a Joint 'B' Type Certificate may be converted into t. Joint 'AJ ICyy/e Certificate in the names of the same holders.
15. Replacement of lost or destroyed certificate.—(1) If a certificate is lost,, stolen, destroyed, mutilated 'or defaced, the person or persons entitled thereto may apply for the issue of a duplicate certificate to the issuing office where me certificate is registered.
(2) Every such application shall be accompanied by a statement showing particulars, such as, number, amount, and date of the certificate and the circums- tances attending such loss, theft, destruction, mutilation or defacement.
(3) If the issuing office to which the application under sub-rule (1) has been made, is satisfied of the loss, theft, destruction, mutilation or defacement of the certificate, it shall, after '"• " ' 'y on the applicati-111. ."••.• ;• .: ' -.' •• respect of that certificate, • . certificate on the .. • .,.• : :::••• \i'!> an indemnity bond in Fo. . or mpre approved •;••<"•. • . -...liv ;-. bank's guarantee:
Provided that where the face value 01 the aggregate face value ol the certifi- cate or certificates lost, stolen, destroyed, mutilated or defaced is Rs. 500 or less, a duplicate certificate or certificates may be issued on the applicant furnishing an indemnity bond without any such surety or guarantee:
Provided further that where such application is made with respect to a certifi- cate mutilated or defaced, of whatever face value, a duplicate certificate may be issued without any such indemnity bond, surety or guarantee, if the certificate mutilated or defaced is surrendered and the certificate is capable of being identi- fied as the one originally issued.
(4) A duplicate certificate issued under sub-rule (3) shall be treated as equivalent to the original certificate for all the purposes of these rules.
16. Encashability.—(1) A certificate shall not be encashable within a period jtf twenty-four months from the date of its purchase. ,
02) A certificate may, however, be encashed within the period specified IB sub-rule (1) under any of the following circumstances, namely:—
(a) On the death of the holder or both the holders in .the case of-a joia$
holding;
' " ~" > -4~ &**<.
(b) on forfeiture by a pledgee being a gazetted Government Officer, *togB the pledge is in conformity with the provisions of these rotetf^ISE
(c) when the holding is in excess of the limits prescribed under thejfe rUiHI
(d) when the certificate has been issued in contravention of these rules; and
(e) when ordered by a court of law.
17. Place of encashment.—A certificate shall be encashable -St"fhe office at
which it stands registered:
- " . ^r Provided that a certificate may be encashed at any other orrte& 'of the bank if the officer-in-charge of that office is authorised by the office of its registration to make payment to the person presenting the certificate.
18. Discharge of certificates.—(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) In the case of a certificate purchased on behalf of a minor-Who has since attained majority, the certificate shall be signed by that person himself, but his
- , GJ , L A
. . [FA*T I .-
4
iignature shall be attested either by the person who purchased it on his behalf or by any other person who is known to the Issuing office.
(3) A certificate of discharge may bo issued to any person encashing a certifi- cate on payment of the fee specified in sub-rule (1) of rule 28.
19. Encashment of minor's certificate—(1) A person encashing a certificate on behalf of a minor shall furnish a certificate that the minor is alive and that the money is required in the interest of the minor.
(2) When the nominee is a minor, the person appointed under sub-section (3) of section 6 of the Act, while encashing the certificate shall furnish a certificate that the minor is alive and that the money is required in the interest of the minor.
2Q. Partial discharge.—(1) At any time after the period of its non-encashabtl- ity, a certificate of denomination of Rs. 100 or Es. 1000 may be discharged in part, such part being Rs. 10 or a multiple thereof.
(2) The date of issue of certificates for the balance due will be that of the original certificate partly discharged.
21. Conversion from one denomination to another.—(1) Certificates of lower denomination bearing the same date of issue may be exchanged for a certificate or certificates of higher denomination of the same face value or a certificate of higher denomination may be exchanged for certificates of lower denomination of the same value.
(2) The date of issue of the exchanged certificate shall be the same as that of the original certificate surrendered and not the date on which it Is exchanged.
22 Nomination (1) A holder of a Single Holder Certificate who is not a minor or a sole surviving holder of a Joint 'A' or 'B' Type Certificate and who holds the certificate in his individual capacity and not in the capacity of the holder of an office or otherwise may nominate one or more persons who shall be entitled to the certificate and to payment thereon in the event of the death of the holder:
Provided that—
(a) the person or each of the persons nominated is himself competent to
hold a certificate, and
(b) the nomination is made before the maturity of the certificate.
(2) Every nomination under sub-rule (1) whether in substitution of a nomina- tion already made or not, shall be made in Form VII.
(3) A nomination made under this rule may on a subsequent date be cancelled in writing in Form VIII.
(4) A person making a nomination under sub-rule_ (2) or cancelling a nomi- nation already made under sub-rule (3) shall apply in the prescribed form ac- companied by the fee prescribed in sub-rule (2) of rule 28 either at the issuing office or at the deposit office which shall transmit the application to the issuing office for registration of a nomination or for cancellation of a registered nomina- tion, as the case may b".
(5) The issuing office shall, thereupon, register a nomination or cancel the iegistered nomination in its books and return the certificate with an endorsement thereon that a nomination has been made in respect of the certificate or that the nomination already made has been cancelled.
(6) No nomination or cancellation of a nomination shall take effect unle33 and until it has been registered under this rule but on such registration having been registered it shall have effect from the date on which the nomination was aetually made by the holder.
(7) Separate applications shall be made in respect of certificates registered at different times.
(8) Not more than one person shall be nominated in respect of a certificate of the denomination of Rs. 10.
iiEC 8{i)] THE GAZETTE OF INDIA EXTRAORDINARY 65123. Rights of nominees.—(1) In the event of the death of the holder of a certifi- cate, in respect of which a nomination is in force, the nominee or nominees nlwll be entitled at any time before or after the maturity of the certificate to
(a) encash the certificate; or
(b) sub-divide the certificate in appropriate denominations in favour o±
individual nominees or two adult nominees jointly.
(2) For the purpose of sub-rule (1) the surviving nominee or nominees shall make an application supported by proof of death of the holder and of a deceased nominee, if any.
(3) If there are more nominees than one, all the nominees shall give a joint discharge of the certificate at the time of receiving payment or sub-division.
(4) Where there is a nomination in favour of a single nominee or two adull nominees the issuing office of registration may, on an application made in that behalf, issue a fresh certificate in the name of such nominee or nominees Jointly, as the case may be-
(5) A transfer of a certificate under rule 11 shall automatically cancel a nomination previously made:
Provided that where a certificate on its transfer under rule 12 is held by or on behalf of any person as a pledgee or by way of security for any purpose such transfer shall not have the effect of cancelling a nomination but the right of the nominee shall be subject to the right of the pledgee.
24, Documents executed by an illiterate person.—(1) If any person by whom any application for investment, or any other document relating to these certifi- cates JS to be signed/executed, satisfies a Magistrate that he ia for any reason unable to write and that the fact of the document is fully understood by him and that he is the person whom he represents himself to be, such Magistrate may at the request of that person and subject to the provisions of this rule ^xecute the application or the document on his behalf under proper authentication.
(2) Nothing contained in sub-rule (1) shall preclude the Bank from accept- ing an application for investment by an illiterate person bearing the thumb im- pression of the investor and attested by two witnesses or an authorised agent unless the Bank doubts the genuineness of the thumb impression or of the attesta- tion.
26. Payment to heirs.—(1) For the purposes of sub-section (4) of section 7 of the Act, the officer-in-charge of the issuing office shall be competent to sanction claims upto Rs. 5000 on the death of the holder of the certificate, without pro- duction of the probate of his will or letters of administration of Tils estate or succession certificate granted under the Indian Succession Act," 1925 (39 of 1920;.
(2) A declaration shall be furnished by the claimant that to the best of his knowledge, there exist no other certificate in the name of the deceased other than those for which payment is sought and that subsequently if any 'more such certificates be found in excess of the value of Rs. 5000 legal evidence of heirship, as required by the Bank will be produced: such declaration should be counter- signed by a Magistrate under the seal of his court certifying that the claimant/s ia/are the only legal heir/s of the deceased who has left no other property neces- sitating production of a succession certificate.
26. Surrender values.—The amount (including interest) payable on certificates of different denominations after each completed year of retention shall be as in the following table, namely:—
Surrender values of National Savings Certificates (First Issue)—Bank Series.
Amouar (including interest) payable after complete years
Face
Yearn
V"hie
8
IO
6
2
3
4
5
9
7
13.50
Rs. iO Rs. IOO Rg. iooo
12.60
126.00
1260.00
I35>°° 1350.00
14.50
145.00
1450.02 :
15.60
156,00
1560.00
IO.85
108.50
1085.03
H-35 113.50 1135.00
11.90
119.00
1190,00
16.80
168.00
1680.00
18.00
180.00
1800.00
g"z THE GAZETTE OF INtaA EXTRAORDINARY [PART I I-27. Income-tax—Interest on these certificates will be liable to tax under the Ineome-tax Act 1961 (43 of 1961), but no tax will be deducted at the time of pay- ment of the discharge value of the certificate.
28. Fees.—(1) A fee of twenty-five paise in the case of a certificate of denomi nation of rupees one hundred or lower and rupee one in any other case, shall be chargeable in respect of the following transactions, namely:—
(i) transfer of a certificate from one person to another including the trans- fer under rule 13, except the transfer from the name of a deceased holder to his heir or from a holder to a court of law or to any other person under the orders of a court of law, or transfers made und^r rule 12;
(ii) issue of a duplicate certificate under rule 15;
(iii) issue of a certificate of discharge under rule 18(3);
(iv) partial discharge of a certificate under rule 20.
(v) conversion from one denomination to another under rule 21.
Explanation.— (1) The fee to be charged for the issue of a certificate of ci1-- charge under clause (iii) shall be calculated separately on the aggregate fa-je value of all certificates which were purchased on any one application and which are included for discharge in discharge certificate.
(2) A fee of fifty paise shall be chargeable on every application for registration of nomination or cancellation thereof:
, Provided that no fee shall be charged on an application for registration of the first nomination.
29. Responsibility of the issuing office.—The issuing office shall not be respon- sible for any loss caused to a holder by any person obtaining possession of a certificate and fraudulently encashing it.
30. Powers to rectify clerical errors.—The issuing office of the Bank may upon an application by any person interested in any certificate issued in pursuance of these rules rectify any clerical or arithmetical mistake provided that it does not involve any financial loss to the Government or to any such person.
* " "~~£k-Jtesiduary powers.—All matters in~respect of a certificate which are not "cvered~t5y the provisions of these rules shall be regulated as the Central Govern- ment may specify in consistence with the provisions of the Act and these rules.
SCHEDULE
1. Form I—Form of Application for purchase of certificates. [Rule 5(2)]
2. Form II—Receipt for deposits [Rule 6(3)]
3. Form III—'Form of transfer of certificate from one office to another (Rule 10).
4. Form IV — ?orin of transfer of certificate from one person to another [Rule 11(1)]
5. Form V—-Form of transfer from single holding to joint holding etc. (Rule 13).
6. Form VI—.Form of Indemnity Bond [Rule 15(3)]
7. Form VII—Nomination Form [Rule 22(2)]
S. FoFfll VIII Form for cancellation of registered nomination [Rule 22(3)].
SEC. 8(i)] THE GAZETTE OF INDIA EXTRAORDINARY 653FORM I
[See Rule 5(2),]
STATE BANK OF
Branch
Application for the purchase of Naional Savings Certificates (First Issue) (Bank Series)
(1) I/We hereby apply for the purchase of National Savings Certificates (Fiist Issue) (Bsnk Series) detailed in the statement below and tender the amount shown in column 1 of th>. state- ment.
of tender
Form
Amount Rs.
Tola) face
Number of cer- tificates required
value in rupee?
Deno- mination of certi- ficates applied
for •
T y pe of joint certifi- C£tes re- quired (AorB)
1
2
3
4
5
Rs.
10
100
demand draft or pay
CO
1000
Cash Cheque, Order
TOTAL (Face Value)
*To be filled in only in case of joint holding.
(a) • • In my/our na-ne(s) (In block capitals) with aliases if any.
**For single or joint holder
(ft) % O.i behalf of (Block capitals)
% For purchase on behalf of a minor
(Date of birth of the minor) To b2 mide encishible by th? minor's
(i) Father (it) Mother (tit) Either parents (iv) Legal Guardian
(Cross out the alternative not required or all the items, if it is jno^esired to make ?n autho- isation ).
(2) I/We hereby agree to abide by the National Savings Certificates fFirst Issue) (Bank Series) Rules 1965 and further declare that the National Savings Certificates (First Issue) (Bank Series) now preposed to be purchased together with the National Savings Certificates (First Issue) (Bank Series) and National Savings Certificates (First Issue), if any, already held will not exceed the maxi- mum limits of Rs. 25,000/50,000 prescribed in thfe rules. In case my/our total holding is dis- covered to be in excess of the prescribed limit, I/We| shall be bound to discharge the excess, holding imm?diately when called upon to do so and shall nj)t be entitled to any interest thereon.
* ,*
I •
Signature (s) or thumb impression (if illiterate) **Adiress **In caseofan iilMoi.i.oni'-Iv.'i-'l.il.'-Aiil'.i's of investor's)
name '.Kij '"- sivJii Date
*
• ••
. . . . . . t . . " " " ^ ^, ^ ^*
Signature or thumb impression of the person(s) authorised, if any, per i(b) above.
Date
g^4 THE GAZETTE OF INDIA EXTRAORDINARY , [PAKI l i-te) The Certificates) may be mdde aver to my/our Agent Shrl/Smt Authority No or messenger whb presents this application.
Signature or thumb impre&sion (if illiterate) of investor(s).
Date
(The facility of nomination is available to the holier of a single holder type certificate and may be applied for.)
ReceiveJ th? Certificate (3) detailed on the reverse.
Signature or thumb impression of purchaser or his agent/messenger (in case of authorised agent his authority No. should be given)
Ip;cim;n signature(s) Marks of Identification
To BE COMPLETED BY THE BANK
Serial No. of ce.tiflca- Deno-nination] tc;. issued Rs.
Date of Encashment and initials of officer- in ;harge
Every change affecting the cer- tificates such as transfer, iasur of certificate in exchange for damaged certificates surrendered^ issue of a duplicate in case of lost certificate, etc. should be noted hercundef and initialled by the Oflicer-in-Chargc.
(Total number of National Savings Certificates (First Issue) (Bank SericB) issued
Date
Signature of Officer-in-Ch"rgc
FORM II
[Set Rule 6(3)]
STATE BANK OF
Branch
Book No.
Seiial No.
Provisional Receipt to be issued by 1 deposit office when National Savings Certificate ^First Issue) (Bank Series) applied for are not issued immediately.
"""Received from—
. . .
being the cost
.
Rupees •— • •f National Savings Certificatc(s) (First Issue) (Bank Series) applied for by him on the application for purchase has been registered under of date.
Ofncei-in-chiage.
• Stamp of the Deposit Office.
,
'
I
FORM III
(Stt Rule 10)
STATE BANK OF
Branch.
\'\ Serial No. and date of '
Serial No. of new office
original_application for
£ purchase of the National ] —
Savings Certificate (First Issue (Bank _
Stamp of new office Series)
Application for the transfer of National Savings Certificates (First Issue) (Bank Scries) from the Issuing office to another. To
The Officer-in-Chargc
I;We request that the undermentioned National Savings Certificates (First Issue) (Bank Series) iu my/our name which are registered in the books of your office may be transferred to the books of the
office'
Particulars of Certificate
To be filled in by the Bank No. Date Denomination
Rs. Date ot discharge and the initials of the Agent/Sub- Agent.
Remarks. (Every change affecting a Certi- ficate, such as, transfer, spoilt, issue of duplicate etc. should be noted here under the dated initials of the Agent/Sub- Agent).
Total number of Certificates Signature or thumb-impression (If illiterate)]
Address Date Address Date
Intimation of transfer of National Savings Certificates (First Issue) (Bank Series).
To
The Officer-in-chargc
Sii,
I have the honour to say that the National Savings Certificates (First Issue) (Bank Series) detailed on the reverse of this intimation have been transferred to your office after a careful com- parison of the applicant's signature on the reverse with the specimen of his signature on record in this office.
The minor was born on the • as recorded on the" application for purchase in this office.
Yours faithfully, Date Stamp.
Agent/Sub-Agent.
Transfer accepted.
Agent/Sub-Agent
of new office
6 <;6 T HE GAZETTE OF INDIA EXTRAORDINARY [PART I l~FORM IV
[See Rule I I ( I )]
STATE BANK OF
•
, ,—, , , , ,—,—,—Branch
Serial No. and date of original application for purchase of National Saving / \ Certificates (First Issue) (Bank Series)
Registration No.
Application for the transfer of National Savings Certificates (First Issue) (Bank Series) from one peison to another.
(N.B.—All transfers are absolute and the interest of the ttansferer cesses when trt transfer is completed).
Dated
To
The Officer-in-cbarge
•
Sir,
I
, ,
__ request you to transfer the undermentioned National Savings Certificates (First Issue) (Bank Series) •of which I am the holder, to • . I hereby declare that on the transfer of the said National Savings Certficates (First Issue) (Bank Series) to the said— —•—— I relinquish all claims to them.
Particulars of Certificates
N o. Date Denomination N o. Date Denomination
Rs.
Rs.
Total number ot certificates.
Yours faithfully. Signature or thumb im- pression (if illiterate) of transferer of National Savings Certificates (First Issue) (Bank Series)
Serial No. of Issuing Office
, •— ;
i
Stamp of Issuing Office
Declaration by Transferee
I , , , ,—hereby declare that the total value of the National Savings Cer- tificates (First Issue) (Bank Series) and National Savings Certificates (First Issue) held by me including the value of the Certificaf e(s) which I am taking over from • does not exceed Rs. 25,000 (Issue Price) and I agree that if my total holding of National Savings Certificates (First Issue) (Bank Series) and National Savings Certificates (First Issue) is in excess of Rs. 25,000 (Issue Price) I shal not be entitled to interest on such excess holding. I further agree that this Declaration and the National Savings Certificates Rules (First Issue) (Bank Series)
SEC, 3(1)] THE GAZETTE OF INDIA EXTRAORDINARY 657'Wies, T965 for the time being in force shall be the basis of the contract between me. p.b the transfer; e "if rho Narinnal Savings Certificatc(s) (Tirst Issue) (Bank Series) particulars of which appear over • Ji?nfj and the Government of India.
Signature or thumb-impression (_il illiterate) of transferee of National Savings Certificates fFirit Issue) (Bank Series).
No rH.—Government olficcrs holding CLilificatcs in thcii official capacity as security the Resa-vi- Bank, a scheduled Kink, co-operative society, corporation of a local authority, err. ex- er.ipt^d from signing this declaration}.
Pa, riai^n": of Certificates issved 10 transferee
(To be filled in by the Issuing Office)
No. Dait- Denomination
Rs.
Date of discharge and the initials of the officer-in- ch arge
Remarks (Every change ail'ccting a Certificate, such as transfer, spoilt, issue of duplicate etc. should be noted here under the dated initial1 of the Ofrlccr- in-charge
Signature of the oflicer-in-cl'^rr-\
TOKM V
(SJC rule 13)
STATE BANK OF
Branch
Serial No. and date of original application for purchase of National
Savings Certificates CFirsl Issue) (Rank Scries) —
Registration No.
Form of transfer of National Savings Certificates (First Issue) (Bank Series) from single holding to joint holding and vice versa.
(AT. B.—All transfers arc absolute and the interest of the Iransferer ceases when the transfer 13 completed.)
Dated
To
The Officer-in-charge
Sir,
I/We
request you to transfer the undermentioned National Savings Certificates (First Issue) (Bank Series) of which I/We am/ are the holder(s) to I/We hereby declare that on the transfer of the said National Savings Certificates to the said
I/We relinquish all claims to them.
Particulars of Certificates
No. Dale Denomination No. Date Denomination
Total number of Certificates.
Yours faithfully,
Signature(s) or thumb impression (if illi- terate) of transfcrer (s) of National Savings Certificates.
Reverse
Serial No. of Issuing Office
Stamp of Issuing Office
DECLARATION BY TRANSFEREE(S)
I
hereby declare that the total value of the National Savings Certificates (First Issue) (Bank Series) and National Savings Certificates (First Issue) held by me including the value of the Certificate which I am taking over from
Certificates
does not exceed Rs, 25,000 (Issue Price) and I agree that if my total holding of the said certificates is in excess of Rs. 25,000 (Issue Price) I shallnot be entitled to interest on such excess holding. I further agree that this Declaration and the National Savings Certificate (First Issue) (Bank Series) Rules, 1965 for the time being in force shall be the basis of the Contract between me, as the transferee of the Certificates particulars of which appear overleaf, and the
Certificate
Government of India.
Signature(s) or thumb-impression (if illiterate) of transferee of National Savings Certificates.
FORM VI
[See rule 15(3)]
BOND OF INDEMNITY
To be executed by the holder of National Savings Certificates (First Issue) (Bank Series) at the ime of issue of duplicate certificate(s).
Know all men by these present thatll/Wc (A)
, S/o,D/o,W/o [holder/holders of National Savings Certificates (First Issue) (Bank Series)] and (B) (Surety) arc held and firmly bound unto the President of India (hereinafter called the President) in the sum of Rs of lawful money of India together with all costs, charges, damages aa hereinafter mentioned to be paid to the President, his certain attorneys, successors or assigns for which payment will and truly to be made, we bind our- selves, our heirs, executors and administrators and representatives jointly and each of us binds himself, his heirs, executors, administrators and representatives severally firmly by these presents dated this day of
in the year One Thousand Nine hundred and sixty
Whereas) on this day of the said (A) S/o3D/o,W/o purchased from National Savings Certificates (First Itsue) (Bank Series) number of denominations of Rs 1 lational Savings Certificate (First Issue) (Bank scries).
SEC. 3(1)] THE GAZETTE OF INDIA EXTRAORDINARY 659And whereas this said (A) has represented to the tnat tne aioresaid certificates have been lost or stolen or destroyed or misplaced or spoilt or muti- lated whilcin the custody of the said (A)
And whereas the said (A) has further represented to the • y • • • • • •• • "l at t nc aforesaid certificates and the Identity slip have not been transferred, sold, pledged or deposited or otherwise parted with by way of security or otherwise and
And whereas the said (A) declares that he/she is solely entitled to receive the money due on the above certifkatc(s) and has applied for the issue of duplicate certi- ficate^) in respect of the aforesaid ccrlincatc(s) and
And whereas the has on behalf of the President has granted the said applica- tion on condition of the said (A) and one sufficient surety executing such hond as above written and the said (B) has accordingly as such surety agreed to execute the said bond with such condition as is hereunder written.
Now the condition of the above written bond is such that if the said (A) hii heirs, executors, administrators and representatives do and shall when required to do pay to the President his successors or assigns the sum of Rs together with all co"" •as between attorney and client and all charges, losses, damages and expenses that shall or may ha\c been incurred by or occasioned to the President, his successor or assignee or any of the servants of me (jovt. by reason of or consequent upon a duplicate certiflcatc(s) in respect of the aforesaid certi-
u*Cl •C i ng a nd f u r t h cf in the said (A)
and (B)
H y
their heirs, executors and administrators, representatives, shall and do from time to time and at all times hereinafter well and sufficiently save, defend, keep harmless and indemnified the President, his successors and assigns and officers and servants of the Government and each and every of them from and against all suits, actions or other legal proceedings, costs, charges, damages and expenses whatsoever which shall or may at any time or time hereafter be brought, commenced or sued by any person or body corporate whomsoever or whatsoever happen or be occasioned to the President, nis successors or assigns or any of the officers or servants of the Government for or on account of, in respect of or by reason of duplicate certificate(s) in respect of the aforesaid certificates being issued THEN the above written bond shall be void and of no effect otherwise the same shall be and remain in force and virtue PROVIDED ALWAYS and it is hereby expressly declared and agreed by the said (A)
a nd ( B)
w i th and t (f t he ^1 ^ successors or assigns that in defence prosecution of any action suit, or other legal proceedings referred to in the fore-going clause for indemnity or maintained in virtue thereof the i resident, rus successors or assigns shall not he responsible or accountabls to the said (A) •j •"••'• a , (°> or any or either of them or their executors, administrators and representatives for any act, omission or mistake in the defence or prosecution 01 such action suit or other legal proceedings and that in the defence or prosecution of such action, suit or 01 her legal proceedings the President, his successors, or assigns, and his and their officers and servants shall be required to do such acts and take such steps only as shall in that behalf be approved and advised by the Law Officers of the Government of India. •v ,P R° y PED F U R T HER t h at l he l i a b i l i ty of t he s u r c ty h e r e u n d er s h a ll n ot bc i m p a i r cd or discharged by reason of time being granted or any forbearance, act or omission of the President, or any person authorised by him, (whether with or without the consent or knowledge of the surety)
Signed and deliverd by the above named (A) in the presence of (Two witnesses to sign here)!
1
2
Signed and delivered by the above named (\i) in the presence of (Two witnesses to sign here),
1
2
ACCEPTED
Signature
Designation
(For pnd on behalf of the President of India).
660 THE GAZETTE OF INDIA EXTRAORDINARY" [PART I I-FoRM VII
[See rule 22(2)]
STATE BANK OF
Branch
Serial No
Form of application for nomination under section 6 of the Governnr.'iit Sftvjngs Certificates Act, 7959
(This form will he filled in by the holder and submitted with the certificate to the Postmaster of the office where I lie certificate stands registered).
To
Hie Officcr-in-chargCj
Under provisions of Section 6(1) of the Government Savings Certificates Act, 1959,1, • , Che holder of Snvingn Ccrrificatc(s) detailed on the reverne, hcrebv Tominah; ti;c pcrson(s) mentioned below, who shall, on my death, become entitled to the Savings Certificate(s) and to be paid the sum due thereon to the exclusion of all other persons. "This ia in substitution of the nomination made by me in respect ot these certificate! and registered in your office under No dated which shall stand cancelled on registration of this nomination. *I hereby declare that I have not so far mode any nomination in respect of these certificates.
"
The Certificates arc enclosed.
SI. No. Name of the nominee Full address Date of tut th ofnomi •
nee in case of minor
As tho uomineefs) at serial No.(s) :ibovc is/are minor(s).,1 appoint Shri , . .
(name and full address) as the person to recover the sum due thereon in the event of my death during IIT minority of the nominee(s).
(r.T.o.) •Score out if not applicable.
ACKNO WLED GE MENT
To
Your application dated
Nomination in respect of the certificates detailed in column 1 on the reverse in favour of persons mentioned in column 2 has been registered in this office under No dated, . . . ..
The Certificates arc returned herewith.
Date-Stamp of
Issuing Office.
Signature of the Officer-in-charRf.
* 0. l#)|> THE GAZETTE Ot' INDIA EXTRAORDINARY 6 £zRitmu
Sl.ttoa. of certificate* Denomination Date of
Office of issue.
Issue
Address :
Yours faithfully,
Signature (thumb'impression, if illiterate)
of holder.
(In case of Illiterate holder, father's name
should be given).
Witnesses:
Name "1
r w
Address J
Name 1
\ (2)
Address J
N.B.—In the case of illiterate holders, the witnesses shall be persons whose signatures are
known to the Bank.
Orders of the Offlccr-In-charge accepting the
nomination.
Date Stamp
of
Issuing Office
Sign ature of Officer-in-Charge.
Particulars of certificates.
Name and address of nominee
— and person appointed to receive
payment on behalf of miner
of certificate* Denomination.
Sl.Nos.
nominee.
FOHM VIII
[See rule 22(3)]
STATE BANK OF :
BRANCH
Serial No
Application for cancellation of nomination previously made in respect of National SavirfR
as2 THE.Q^Tp^^^iNpj^^T^Qiaawwf . tp*tr n>-
Cerdflcates (First Issue) (Bank Series) under §eqtion 6 of the Government Savings Certificates
tAct, 959-
(This form will be filled In by the holder and submitted with the certificate to the Officer.
1 I-G i"r JJ ->( thi ifltie where the certificate* stand registered.
To
The Officer-in-Charge
Sir,
Under provisions of Section 6(i) of th" Government Savings Certificates Act 1950,1,
the holder of Savings Certificates detailed below, hereby can
eel the nomination previously made by me in respect of these certificates and registered In
your officeundenNo dated
. SI. NOSJ of Certtfjcwci
^Denomination Date of
Office of Issue.
iisue
1
The certificates) is/are enclosred.
Yours fahhiully,
Address :
(la case of iUIterato holder, father's name -Signature (thujnb'Jmpresston if illiterate) of
should be given).
holder.
Witnesses:
Name *1
Address J
Name "I
Address J
N. B.—In the case of illiterate holders, the witnesses shall be persons whose signatures aie
known to the Bank.
Orders of the OlflceNin-Charge accepting the
nomination.
Date Stamp
of
Signature of Oflhcer-in-Charge.
Ba,k
[No. F. 3&O-NS/65].
A.R.SHIRALI, Jt. Secy.
PRINTED IN INDIA BY THE GENERAL MANAGER. OOVERNMKNT OF INDIA PRIS9. NffW n f T Hl AND PUBLISHED BY THB MANAGER OP PUBLICATIONS, DELHI, 19(13