NATIONAL SAVINGS RECURRING DEPOSIT RULES, 1981
GSR 666 (E):- In exercise of the powers conferred by Section-15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government makes the following rules, namely:-
- Short title and commencement :-(1) These rules may be called the National Savings Recurring Deposit Rules, 1981.
(2) They shall come into force on the 1st day of April, 1982.
- Definitions:-In these rules, unless the context otherwise requires:-
(a) ‘Account’ means a Recurring Deposit Account;
(aa) “Bank” means any branch of a public sector or private sector commercial bank authorised by the Government to open an account under these rules;
(ab) “post office” means any post office in India doing savings bank work and authorised to open an account under these rules;” ;
(Vide GSR No. 53 (E) dated 18.01.2017)
(b) ‘Table’ means a Table appended to these rules;
(c) ‘Year’ means a year commencing on the date of the first deposit in an account;
(d) Words and expressions used herein and not defined but defined in the Post Office Savings Bank General Rules, 1981 shall have the meanings respectively assigned to them in those rules.
- Application of the Post Office Savings Bank General Rules, 1981:- For matters not provided in these rules, the provisions of the Post Office Savings Bank General Rules, 1981 shall apply.
- Persons who can open the account:-
(1) An account may be opened by:-
(a) a single adult; or
(b) two adults jointly, the amount due on the account being payable-
(i) to both jointly or survivor, or
(ii) to either of them or survivor, or
(c) a guardian on behalf of a minor or a person of unsound mind; or
(d) a minor who has attained the age of ten years, in his own name.
(2) A depositor can have more than one account in his name or jointly with another.
Note:- The RD account in the name of minor cannot be opened by a person other than a guardian by contravening the provision of rule (4)(1)(c) of PORD rules 1981,
- Maturity period:- Maturity period of an account shall be five years.
- Deposits:- (1) subject to the provisions of sub rule (2) to (4) and rule 10, a depositor shall make sixty monthly deposits in an account.
(2) The amount of monthly deposit on account opened on or after the 1st day of April 1986 shall be a multiple of five rupees, subject to a minimum of ten rupees. ( Minimum Rs 100 and multiple of 10 From 12.12.2019 )
(3) The first monthly deposit shall be made at the time of opening the account and the amount of such deposit shall be the denomination of the account. Each subsequent monthly deposit shall be made up to 15th day of the month in respect of accounts opened between 1st day and 15th day of a calendar month and up to the end of the calendar month in respect of accounts opened between 16th day and last working day of the month and shall be equal to the first deposit.
(4) Where a deposit is made by means of a cheque, pay order or demand draft, the date of its clearance into the Post Office Savings Bank shall be deemed to be the date of deposit.
“(5) The account under these rules shall be opened in post office or bank.”
(Vide GSR No. 53 (E) dated 18.01.2017)
- Defaults in deposits:- (1) If there are not more than four defaults in the monthly deposits, the depositor may, at his discretion, extend the maturity period of the account by as many months as the number of defaults and deposit the defaulted installments during the extended period.
(2) If there are more than four defaults, the account shall be treated as discontinued and revival of the account shall be permitted only within a period of two months from the month of fifth default and in case a depositor fails to deposit next monthly deposit within the time prescribed in sub-rule (3) of Rule 6, a default fee at the rate of five paise for every five rupee per defaulted deposits shall also be paid along with regular monthly deposit.
(3) An account, in which all defaulted deposits are deposited with prescribed default fee within the prescribed time as specified in sub-rule (2) shall not be treated as discontinued.
“Provided that notwithstanding anything contained in sub-rule (1), sub-rule (2), in the case of personal of Defence Services ( excluding Civilian Defence Employees) ,
(i) if there are not more than seven defaults in the monthly deposits, the depositor may, at his option, extend the maturity period of the account by as many months as the number of defaults and deposit the defaulted deposits during the extended period.”
Explanatory Note from Author:- Above proviso was added vide MOF(DEA) GSR No. 480 (A) dated 26.6.2008 F.No. 2/15/2006-NS-II and GSR No. 221(E) dated 13th March 2014).
- Advance deposits:- (1) In an account which has not become discontinued account under rule-7, deposits for not less than six monthly installments may be made in advance in any calendar month at the option of the depositor and rebate on such deposits shall be admissible as follow:-
Advance Deposits Rebate for an account of Rs. 10 denomination
| (i) Six or more deposits but not exceeding eleven deposits made in any calendar month. | One rupee |
| (ii) Twelve or more deposits made in any calendar month. | Four rupees for every twelve deposits and one rupee for the balance, if any, of not less than six deposits. |
(2) For accounts of other denominations, the amounts of rebate shall be proportionate to the rates specified in sub rule (1).
- Repayment on Maturity:- (1) (a) in the case of an account in which sixty monthly deposits have been made during its maturity period or maturity period as extended under sub-rule (1) of rule-7, the depositor shall be entitled at the end of such period to receive the amount, inclusive of interest, specified in the Schedule below.
S C H E D U L E
| Period during which account is or has been opened | (both dates inclusive) | Amount (Rs) repayable on an account of Rs.10 denomination |
| From 1.4.1970 to 22.7.1970 | 715 | |
| From 23.7.1970 to 22.7.1971 | “ | 720 |
| From 23.7.1971 to 22.7.1972 | “ | 726 |
| From 23.7.1972 to 22.7.1973 | “ | 733 |
| From 23.7.1973 to 22.7.1974 | “ | 741 |
| From 23.7.1974 to 30.9.1974 | “ | 754 |
| From 1.10.1974 to 30.9.1975 | “ | 756 |
| From 1.10.1975 to 30.9.1976 | “ | 758 |
| From 1.10.1976 to 30.9.1979 | “ | 760 |
| From 1.10.1979 to 31.3.1982 | “ | 778.10 |
| From 1.4.1982 to 28.2.1983 | “ | 786.80 |
| From 1.3.1983 to 31.3.1987 | “ | 807.60 |
| From 1.4.1987 to 30.9.1991 | “ | 800.30 |
| From 1.4.1991 to 30.9.1991 | “ | 811.10 |
| From 1.10.1991 to 1.9.1993 | “ | 856.40 |
| From 2.9.1993 to 31.12.1998 | “ | 833.40 |
| From 1.1.1999 to 14.2.2000 | “ | 811.15 |
| From 15.1.2000 to 28.2.2001 | “ | 789.60 |
| From 1.3.2001 to 28.2.2002 | “ | 758.53 |
| From 1.3.2002 to 28.2.2003 | “ | 748.49 |
| From 1.3.2003 to 30.11.2011 | “ | 728.90 |
| From 1.12.2011 to 31.3.2012 | “ | 738.62 |
| From 1.4.2012 to 31.3.2012 | “ | 746.51 |
| From 1.4.2013 to 31.3.2014 | “ | 744.53 |
| From 1.4.2014 onwards | “ | 746.53 |
(b) Amount repayable, inclusive of interest, on an account of any other denomination shall be proportionate to the amount specified in the Schedule.
(2)(a) Where an account has become discontinued or where the defaults in monthly deposit in an account have not been rectified during its maturity period or maturity period as extended under sub-rule (1) of rule-7, the depositor shall be entitled, on the expiry of such period, to receive an amount, inclusive of interest, which shall be in the same proportion to the amount specified in the Schedule below as the number of monthly deposits made in the account bears to sixty:-
S C H E D U L E
| Period during which account is or has been opened | Amount (Rs) repayable on an account of Rs.10 denomination | |
| From 1.4.1970 to 14.1.1971 | (both dates inclusive) | 700 |
| From 1.5.1971 to 31.3.1974 | “ | 710 |
| From 1.4.1974 to 22.7.1974 | “ | 720 |
| From 23.7.1974 to 30.9.1976 | “ | 750 |
| From 1.10.1976 to 30.9.1979 | “ | 760 |
| From 1.10.1979 to 31.3.1982 | “ | 778.10 |
| From 1.4.1982 to 28.2.1983 | “ | 786.80 |
| From 1.3.1983 to 31.3.1987 | “ | 807.60 |
| From 1.4.1987 to 31.3.1991 | “ | 800.30 |
| From 1.4.1991 to 30.9.1991 | “ | 811.10 |
| From 1.10.1001 to 1.09.1003 | “ | 856.40 |
| From 2.9.1993 to 31.12.1998 | “ | 833.40 |
| From 1.1.1999 to 14.1.2000 | “ | 811.15 |
| From 15.1.2000 to 28.2.2001 | “ | 789.60 |
| From 1.3.2001 to 28.2.2002 | “ | 758.53 |
| From 1.3.2002 to 28.2.2003 | “ | 748.49 |
| From 1.3.2003 to 30.11.2011 | “ | 728.90 |
| From 1.12.2011 to 31.3.2012 | “ | 738.62 |
| From 1.04.2012 to 31.3.2013 | “ | 746.51 |
| From 1.4.2013 to 31.3.2014 | “ | 744.53 |
| From 1.4.2014 onwards | “ | 746.53 |
(b) The amount for an account of any other denomination shall be proportionate to the amount specified in the Schedule.
(c) Where an account has become discontinued or where the defaults in monthly deposit in an account have not been rectified during its maturity period or maturity period as extended under sub-rule (I) of rule 7 and the depositor has retained the maturity amount beyond maturity period, the depositor shall be entitled to a simple interest at the rate applicable from time to time to post office savings accounts on the deposited amount from the date of maturity till the date of closure of the account.
(inserted vide MOF(DEA) Notification no..GSR 740(E) dated 4.10.2011, F.No. 2-8/2005-NS-II)
9A. Premature Closure:- The holder of an account may prematurely close the account after three years from the date of opening of the account provided that simple interest at the rate applicable from time to time to post office savings account shall be payable on such premature closure of account. However, no premature closure of account is permissible until the period for which the advanced deposits made under rule-8 is over.
- Accounts continued beyond maturity period: - (1) Notwithstanding anything contained in the forgoing rules, if sixty monthly deposits have been made in an account during its maturity period or maturity period as extended under sub-rule (1) of the rule-7, the depositor may, at his option, continue the account for a further period upto maximum of five years and make monthly deposits during such further period. Each such monthly deposit shall be equal to the first deposit in the account. The provisions of rules-7 and 8 shall be applicable to such deposits also.
(2) An account continued under sub-rule (1) may, at any time, be closed by the depositor and on such closure he shall be entitled to receive repayment of the amount, inclusive of interest, as follows:-
(a) If the account is closed after being continued under sub rule (1) for a completed number of years, the depositor shall be entitled to receive the amount as specified in Table 1,2,11,13,17,20,22,26,29,32,35,38,41 44,47or 50as the case may be.
(b) If the account is closed after being continued under sub-rule (1) for a period of less than one year, the depositor shall be entitled to receive the amount as specified under sub-rule (1) of rule –9 together with (i) interest on such amount for the complete months for which the account was continued and (ii) the amount of deposits made by him during the period for which the account was continued.
(c) If the account is closed after being continued under sub-rule (1) for a completed number of years not exceeding 4 and for a part of a year thereafter, the depositor shall be entitled to receive (i) the amount as specified in Table-1,2,11,13,17,20,22,26,29,32,35,38,41,44,47or 50as the case may be, relevant to the completed number of years, (ii) interest on such amount for the complete months in the partial year, and (iii) the amounts of deposits made by him during the partial year.
(d) The interest referred to in a clause (b) and (c) shall be calculated at the rate applicable, from time to time, to savings accounts of the type of single or joint account.
- Retention of amount of repayment beyond maturity period:-
(1) Notwithstanding anything contained in the foregoing rules, if sixty monthly deposits have been made in an account during its maturity period or maturity periods as extended under sub-rule (1) of rule-7, the depositor may, at his option, continue the account and retain in it the amount of repayment due under sub-rule (1) of rule-9 for a further period upto a maximum of five years without making any fresh deposits during such further period.
(2) On closure of the account at the expiry of the further period referred to in sub-rule (1), the depositor shall be entitled to receive repayment as follows:-
| (a) If the further period is less than one year | The amount due under sub-rule (1) of rule-9 together with interest on such amount for the complete months in the further period. |
| (b) If the further period consists of completed years only | The amount specified in Table-3,4,12,14,18,21,23, 27,30, 33, 36,39,42,45, 48,51or54 as the case may be. |
| (c) If the further period consists of completed years not exceeding four and a part of the year thereafter | The amount specified in Table-3,4,12,14,18,21,23, 27,30,33,36,39,42,45,48,51 or 54 as the case may be, relevant to the number of completed years together with interest on such amount for the complete months in the partial year. |
(3) The interest specified in clauses (a) and (c) of sub-rule (2) shall be calculated at the rate applicable from time to time to savings accounts of the type of single or joint account.
(4) Notwithstanding anything contained in the foregoing rules, if sixty monthly deposits have been made in an account during its maturity period or maturity periods as extended under sub –rule (I) of rule 7 and the depositor has retained the amount in the account beyond the maturity period, the depositor shall be entitled to a simple interest at the rate applicable from time to time to post office savings accounts on the deposited amount from the date of maturity till the date of closure of the account.
- Repayment on death of a depositor:- (1) Subject to sub-rule (2), on the death of the depositor in a single account or of both the depositors in a joint account, no further deposits shall be made in the account and procedure specified in rule-13 of the Post Office Savings Bank General Rules, 1981 shall apply. For the purpose of such procedure, the amount due for repayment on the account shall be as follows:-
| (a) If sixty monthly deposits have been made and the account has not been continued under sub-rule (1) of the rule-10 or rule-11. (b) If less than sixty monthly deposits have been made in the account; and (i) if the nominee or legal heir desires to receive the amount due, on the expiry of maturity period or extended maturity period under sub-rule (1) of rule-7 ; or (ii) If the nominee or legal heir desires to receive the amount due at any time earlier than under (i) above. (c) If the account has been continued under sub-rule (1) of rule-10 or rule-11. |
The amount specified in sub-rule (1) of rule-9. The amount specified in sub-rule (2) of rule-9, subject to the provisions of rule-13. The amount specified in Table 5,6,7,8,9,10,15,16,19,24,25,28,31,34,37,40,43,46,49,52 or 55 as the case may be, subject to the provisions of rule-13. The amount specified in sub-rule (2) of rule-10 or rule-11, as the case may be. |
(2) Notwithstanding anything contained in sub-rule (1), if there are only one or two surviving nominees or legal heirs, he or they may continue the account and receive repayment of the amount inclusive of interest, in the manner provided for in these rules, as if the account had been opened by him or them.
(3) On the death of a depositor in a joint account, the surviving depositor shall be treated as the sole owner of the account and he may deal with in any manner provided for in these rules, as if he had opened the account in his name. If less than sixty monthly deposits have been paid into the account, he shall also have the option to close the account immediately and receive the amount specified in Table 5,6,7,8,9,10,15,16,19,24,25,28,31,34,37,40,43,46,49,52or 55as the case may be.
(4) On the death of the guardian of minor or lunatic depositor, the new guardian may close the account and claim the amount as specified in sub-rule (1) or (2) of rule-9 or sub-rule (2) of rule-10 or sub-rule (2) of rule-11 of Table 5,6,7,8,9,10,15,16,19,24,25,28,31,34,37,40,43,46,49,52 or 55 as the case may be, if the same is required in the interest of such depositor.
- Repayment of full maturity value on the death of the depositor in certain cases (Protected Savings Scheme): -
(1) Where the depositor in a single account or the surviving depositor in a joint account dies during the maturity period of an account or its extension under sub-rule (1) of rule-7, the legal heir or nominee, as the case may be, of such depositor, shall be entitled to receive the amount specified in sub-rule (1) of rule-9 as if the depositor had paid all the sixty monthly deposits, subject to the following conditionsnamely:-
(i) The payment of full maturity value under this rule shall be restricted to the maturity value of an account of denomination of fifty rupees,
(ii) The account has not become a discontinued account.
(iii) the period from the date of opening the account to the date of death of the depositor or surviving depositor, as the case may be, is not less than two years.
(iv) The age of the depositor or depositors, as the case may be, at the time of opening the account is not less than 18 years and not more than 53 years. At the time of opening the account or thereafter, every depositor shall give a declaration in writing to the Post Office Savings Bank indicating his age at the time of opening the account. Where such declaration has not been given by the depositor or depositors, the claimant shall furnish a certified copy of the School Leaving Certificate of the deceased depositor or a declaration on a plain paper as to the age of deceased depositor at the time of opening the account duly attested by a Gazetted Officer or a Magistrate (including Honorary Magistrate) or a Member of a Parliament or of a Legislature (including the Metropolitan Council for Delhi or a Panchayat President or Pramukh.
(v) The first twenty-four monthly deposits have been made without default.
Explanation:- A defaulted installment paid with interest specified under sub-rule (2) of the rule-7 before the death of the depositor or the surviving depositor, as the case may be, shall not be treated as a default.
(vi) The amount of defaults, if any, after twenty four months from the date of opening the account, together with interest on such amount at the rate specified in sub-rule (2) of rule-7 shall be deducted from the amount payable under this rule.
(vii) No withdrawal has been made from the account during the first twenty-four months.
(viii) If a withdrawal under rule-14 has been made from the account after expiry or twenty-four months from the date of opening of the account, any outstanding amount of such withdrawal and the interest due on the withdrawal under rule-14 shall be recovered from the amount payable under this rule.
2(a) If a depositor or surviving depositor has more than one account of the denominations not exceeding fifty rupees, the benefit of payment under this rule shall be available in respect of all such accounts which may be specified by the depositor or the surviving depositor, as the case may be subject to a maximum of the maturity value of an account of rupee fifty,
(b) If a depositor or a surviving depositor has more than one account of the denominations exceeding fifty rupees, the benefit of payment under this rule shall be available in respect of only that account which may be specified by the depositor or the surviving depositor, as the case may be, subject to a maximum of the maturity value of an account of denomination of rupees fifty.
Provided that a depositor or a surviving depositor may by an application to the Post Office Savings Bank where the account is held change the account referred to in clause (a) or clause (b).
(c) If no account has been specified by a depositor or a surviving depositor under clause (a) or as the case may be under clause (b), the benefit of payment under this rule shall be admissible in respect of earlier accounts which qualify for payment under this rule.
(d) Notwithstanding anything contained in clauses (a) to (c), if a depositor or a surviving depositor, has more than one account, and different nominations are made in respect of the accounts, the benefit of payment under this rule shall be admissible to the nominees in respect of earlier accounts which qualify for payment.
(3) The legal heir or nominee, as the case may be, shall on the death of the depositor or the surviving depositor, as the case may be, apply in the manner prescribed to the Post Office Savings Bank where the account is held, not later than one year from the date of death of such depositor. A death certificate or a certified copy thereof should attached with such application. The claim will be sanctioned by the relevant Head Savings Bank after verification from the Office of Head of the Postal Circle concerned that the benefit of the payment of full maturity value on death has not been previously availed of by the legal heir or nominee of the deceased depositor.
- Withdrawal:- (1) Subject to the provisions of sub-rules (2) to (7), where an account has not become a discontinued account under sub-rule (2) of Rule-7, one withdrawal not exceeding fifty per cent of the deposits made in the account may be allowed after the account has been in operation for at least one year and twelve monthly deposits have been made in the account.
(2) The amount of such withdrawal shall be a multiple of five rupees. It may be repaid, at any time during the currency of the account, in one lump sum or in equal monthly installments.
(3) Simple interest at the rate specified below shall be payable by the depositor:-
(a) For withdrawal made before 1st April, 1972, 6.5 percent per annum
(b) For withdrawal made during the period from 1st April, 1972 to 31st March, 1975, 7.2 percent per annum
(c) For withdrawal made during the period from 1st April, 1975 to 31st January, 1977, 9.6 percent per annum
(d) For withdrawal made during the period from 1st February, 1977 to 31st March, 1993, 12 percent per annum
(e) For withdrawal made during the period from 1st April, 1993 to 31st December 2004, 15 percent per annum
(f) For withdrawal made on or after 1st January, 2005 2 per cent over and above the interest rate applicable to the deposits made for a period of five years under the POTD Rules, 1981, on the date of withdrawal.
(4) In the case of repayment in one lump sum, interest at the rate specified in sub-rule (3) shall be calculated on the amount of withdrawal for full calendar months from the month of withdrawal to the month of repayment irrespective of the date on which the amount is withdrawn or repaid. If the repayment with interest is made on or before the 10th of a month, no interest shall be payable for that month.
(5) In the case of repayment in equal monthly installments the amount of each installment shall be a multiple of five rupees and the number of installments shall not exceed the number of months remaining for maturity of the account or the post maturity period for which the account is continued under rule-10 or 11. The interest at the rate specified in sub-rule (3) shall be calculated on the amount remaining unpaid at the end of each month from the month of withdrawal and the total amount of such interest shall be payable in lump sum along with the last installment of repayment of the amount withdrawn or in the month next following the month in which the last installment of the amount withdrawn is repaid.
(6) During the maturity period of an account or its extension under sub rule (1) of rule-7 or sub-rule (1) of the rule-10, the monthly installment of repayment of withdrawal, if any, shall be payable along with the monthly deposits. If an account is continued beyond the maturity period without any fresh deposits under sub-rule (1) of rule-11, monthly installments of repayment of withdrawal, if any, may be paid during the period of such continuance.
(7) Where, for any reason, the amount of withdrawal or a part thereof has not been repaid or the interest thereon has not been paid by the depositor before the closure of the account, any outstanding amount due from him in this behalf shall be recovered from the amount payable to him or to his nominee or legal heir, as the case may be, on the closure of the account.
14A. Mode of Payments:- All transactions of recoveries, withdrawals, repayments, etc. under these rules shall be rounded off to the nearest rupee and for this purpose any amount of 50 paise or more shall be treated as one rupee and any amount less than 50 paise shall be ignored.
- Procedure on the minor attaining majority:- (1) A minor on whose behalf an account has been opened may on his attaining majority.
(a) continue the account for full maturity period or maturity period as extended under sub-rule (1) of rule-7 or for a further period under rule-10 or rule-11, as the case may be; or
(b) if he does not continue the account any longer, claim proportionate amount as specified in sub-rule (2) of rule 9 on expiry of maturity period, or the amount due under sub-rule (2) of rule 10 or sub-rule (2) of rule-11, as case may be.
(2) For purpose of clause (a) of sub-rule (1) the ex-minor shall give a declaration as follows:
“I hereby declare that the Post Office Savings Bank General Rules, 1981 and the Post Office Recurring Deposit Rules, 1981 have been read by/to me and that I accept the said rules and all such amendments thereto as may be issued from time to time as binding on me”.
- Repeal and Saving:- (1) The Post Office (Recurring Deposits) Rules 1970 are hereby repealed.
(2) Notwithstanding such repeal, anything done or any action taken under the rules so repealed shall be deemed to have been done or taken under the corresponding provisions of these rules or the Post Office Savings Bank General Rules, 1981.
T A B L E-1
[See Rule 10]
Amount, inclusive of interest, repayable on an account opened on or after 1st October, 1976 but before 1st October, 1979 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 is continued. | Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 958.90 |
| Two years | 1177.20 |
| Three years | 1416.60 |
| Four years | 1679.20 |
| Five years | 1967.30 |
Note 1:- The amount repayable on account of any other denomination shall be proportionate to the amount specified above.
Note 2:- In the caseof an account opened before 1st October, 1976, the amount repayable shall be in the same proportion to the amount repayable on account of similar denomination opened on or after 1st October, 1976 but before 1st October, 1979, as the maturity value under sub-rule (1) of rule-9 of the former account is to that of latter account.
T A B L E-2
[See Rule 10]
Amount, inclusive of interest repayable on an account opened on or after 1st October, 1979 but before 1st April, 1982 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 is continued. |
Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 986.O0 |
| Two years | 1215.80 |
| Three years | 1469.60 |
| Four years | 1750.10 |
| Five years | 2060.10 |
Note 1:- The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
T A B L E-3
[See Rule 11]
Amount, inclusive of interest, repayable on an account opened on or after 1st October, 1976 but before 1st October, 1979 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 is continued. |
Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 883.70 |
| Two years | 914.60 |
| Three years | 1003.30 |
| Four years | 1100.70 |
| Five years | 1207.40 |
Note 1:- The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
Note 2:- In the caseof an account opened before 1st October, 1976, the amount repayable shall be in the same proportion to the amount repayable on account of similar denomination opened on or after 1st October, 1976 but before 1st October, 1979, as the maturity value under sub-rule (1) of rule-9 of the former account is to that of latter account.
T A B L E-4
[See Rule 11]
Amount, inclusive of interest, repayable on an account opened on or after 1st October, 1979 but before 1st April, 1982 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 is continued. |
Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 859.80 |
| Two years | 950.10 |
| Three years | 1049.80 |
| Four years | 1160.10 |
| Five years | 1281.90 |
Note 1:- The amount repayable on account of any other denomination shall be proportionate to the amount specified above.
Note 2:- Tables 5 to 10 not printed as these are redundant now.
T A B L E-11
[See Rule 10]
Amount, inclusive of interest, repayable on an account opened on or after 1st April, 1982 but before 1st March, 1983 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 is continued. |
Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 998.40 |
| Two years | 1232.90 |
| Three years | 1492.70 |
| Four years | 1780.40 |
| Five years | 2099.10 |
Note:- The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
T A B L E-12
[See Rule 11]
Amount, inclusive of interest, repayable on an account opened on or after 1st April, 1982 but before 1st March, 1983 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 is continued. |
Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 871.50 |
| Two years | 965.40 |
| Three years | 1069.50 |
| Four years | 1184.70 |
| Five years | 1312.40 |
Note:- The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
T A B L E-13
[See Rule 10]
Amount, inclusive of interest, repayable on an account opened on or after 1st March, 1983 but before 1st April, 1987 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 is continued. |
Amount (Rs.) repayable on an account Rs.10 denomination | |
| One year | 1030.70 | |
| Two years | 1280.20 | |
| Three years | 1559.30 | |
| Four years | 1871.30 | |
| Five years | 2220.20 |
Note:- The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
T A B L E-14
[See Rule 11]
Amount, inclusive of interest, repayable on an account opened on or after 1st March, 1983 but before 1st April, 1987 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 is continued. |
Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 903.20 |
| Two years | 1010.00 |
| Three years | 1129.50 |
| Four years | 1263.20 |
| Five years | 1412.60 |
Note 1:- The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
Note 2 :- Tables 15&16 not printed as these are redundant now.
T A B L E-17
[See Rule 10]
Amount, inclusive of interest, repayable on an account opened on or after 1st April, 1987 but before 1st April, 1991 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 is continued. | Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 1019.30 |
| Two years | 1263.50 |
| Three years | 1535.70 |
| Four years | 1839.00 |
| Five years | 2177.10 |
Note:- The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
T A B L E-18
[See Rule 11]
Amount, inclusive of interest, repayable on an account opened on or after 1st April, 1987 but before 1st April, 1991 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 is continued. | Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 892.00 |
| Two years | 994.30 |
| Three years | 1108.20 |
| Four years | 1235.30 |
| Five years | 1376.80 |
Note 1:- The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
Note 2:- Table No. 19 not printed as this is redundant now.
T A B L E-20
[See Rule 10]
Amount, inclusive of interest, repayable on an account opened on or after 1st April, 1991 but before 1st October, 1991 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 is continued. |
Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 1036.20 |
| Two years | 1288.30 |
| Three years | 1570.60 |
| Four years | 1886.80 |
| Five years | 2241.00 |
Note:- The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
T A B L E-21
[See Rule 11]
Amount, inclusive of interest, repayable on an account opened on or after 1st April, 1991 but before 1st October, 1991 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 is continued. |
Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 908.50 |
| Two years | 1017.60 |
| Three years | 1139.80 |
| Four years | 1276.60 |
| Five years | 1429.90 |
Note:- The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
T A B L E-22
[See Rule 10]
Amount, inclusive of interest, repayable on an account opened on or after 1st October, 1991 but before 2nd September, 1993 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 is continued. | Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 1107.00 |
| Two years | 1393.20 |
| Three years | 1720.10 |
| Four years | 2093.30 |
| Five years | 2519.60 |
Note:- The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
T A B L E-23
[See Rule 11]
Amount, inclusive of interest, repayable on an account opened on or after 1st October, 1991 but before 2nd September, 1993 and continued, without any fresh 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 is continued. | Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 977.90 |
| Two years | 1116.80 |
| Three years | 1275.40 |
| Four years | 1456.50 |
| Five years | 1663.30 |
Note 1:- The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
Note 2:- Table No. 24 & 25 not printed as these are redundant now.
T A B L E-26
[See Rule 10]
Amount, inclusive of interest, repayable on an account opened on or after 2nd September, 1993 but before 1st January, 1999 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 is continued. |
Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 1070.90 |
| Two years | 1339.50 |
| Three years | 1643.30 |
| Four years | 1986.90 |
| Five years | 2375.60 |
Note:- The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
T A B L E-27
[See Rule 11]
Amount, inclusive of interest, repayable on an account opened on or after 2nd September, 1993 but before 1st January, 1999 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 is continued. |
Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 942.55 |
| Two years | 1066.00 |
| Three years | 1205.60 |
| Four years | 1363.60 |
| Five years | 1542.20 |
Note 1:- The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
Note 2 :- Table No. 28 not printed as this is redundant now.
T A B L E-29
[See Rule 10]
Amount, inclusive of interest, payable on an account opened on or after 1st January, 1999 but before 15th January, 2000 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 is continued. |
Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 1036.20 |
| Two years | 1288.30 |
| Three years | 1570.60 |
| Four years | 1886.80 |
| Five years | 2241.00 |
Note:- The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
T A B L E-30
[See Rule 11]
Amount, inclusive of interest, payable on an account opened on or after 1st January, 1999 but before 15th January, 2000 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 is continued. | Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 908.50 |
| Two years | 1017.60 |
| Three years | 1139.80 |
| Four years | 1276.60 |
| Five years | 1429.90 |
Note 1:- The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
Note 2 :- Table No. 31 not printed as this is redundant now.
T A B L E-32
[See Rule 10]
Amount, inclusive of interest, payable on an account opened on or after 15th January, 2000 but before 1st March, 2001 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 is continued. | Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 1002.80 |
| Two years | 1239.30 |
| Three years | 1501.65 |
| Four years | 1792.60 |
| Five years | 2115.35 |
Note:- The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
T A B L E-33
[See Rule 10]
Amount, inclusive of interest, payable on an account opened on or after 15th January, 2000 but before 1st March, 2001 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 is continued | Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 875.85 |
| Two years | 971.50 |
| Three years | 1077.55 |
| Four years | 1195.25 |
| Five years | 1325.80 |
Note:- The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
T A B L E-34
[See Rule 12]
Amount payable to legal heir or nominee on the death of the depositor in a 5- Year Recurring Deposit Account opened on or after 15th January, 2000 but before 1st March, 2001.
| No. of deposits made | Amount (Rs) for denomination of Rs.10 | No. of deposits made | Amount (Rs) for denomination of Rs. 10 |
| 1 to 11 | The deposits made | 36 | 420.75 |
| 12 | 125.30 | 37 | 434.30 |
| 13 | 136.20 | 38 | 448.00 |
| 14 | 147.15 | 39 | 461.75 |
| 15 | 158.20 | 40 | 475.65 |
| 16 | 169.30 | 41 | 489.70 |
| 17 | 180.50 | 42 | 503.80 |
| 18 | 191.75 | 43 | 518.05 |
| 19 | 203.10 | 44 | 532.40 |
| 20 | 214.50 | 45 | 546.90 |
| 21 | 226.00 | 46 | 561.50 |
| 22 | 237.55 | 47 | 576.25 |
| 23 | 249.20 | 48 | 597.35 |
| 24 | 263.65 | 49 | 612.60 |
| 25 | 275.70 | 50 | 628.00 |
| 26 | 287.85 | 51 | 643.55 |
| 27 | 300.05 | 52 | 659.20 |
| 28 | 312.35 | 53 | 675.05 |
| 29 | 324.75 | 54 | 691.00 |
| 30 | 337.25 | 55 | 707.05 |
| 31 | 349.85 | 56 | 723.25 |
| 32 | 362.50 | 57 | 739.65 |
| 33 | 375.30 | 58 | 756.15 |
| 34 | 388.15 | 59 | 772.80 |
| 35 | 401.10 | 60 | 789.60 |
Note: - The amount shall be proportionate for other denominations.
T A B L E-35
[See Rule 10]
Amount, inclusive of interest, payable on an account opened on or after 1st March, 2001 but before 1st March, 2002 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 is continued. | Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 955.10 |
| Two years | 1170.00 |
| Three years | 1404.85 |
| Four years | 1661.60 |
| Five years | 1942.20 |
Note:- The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
T A B L E-36
[See Rule 11]
Amount, inclusive of interest, payable on an account opened on or after 1st March, 2001 but before 1st March, 2002 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 is continued. |
Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 829.15 |
| Two years | 906.30 |
| Three years | 990.70 |
| Four years | 1082.90 |
| Five years | 1183.70 |
Note: - The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
T A B L E-37
[See Rule 12]
Amount payable to legal heir or nominee on the death of the depositor in a 5- Year Recurring Deposit Account opened on or after 1st March, 2001 but before 1st March, 2002.
| No. of deposits made | Amount (Rs) for denomination of Rs.10 | No. of deposits made | Amount (Rs. for denomination of Rs. 10 |
| 1 to 11 | The deposits made | 36 | 414.15 |
| 12 | 124.95 | 37 | 427.35 |
| 13 | 135.80 | 38 | 440.60 |
| 14 | 146.70 | 39 | 453.95 |
| 15 | 157.65 | 40 | 467.40 |
| 16 | 168.70 | 41 | 480.95 |
| 17 | 179.85 | 42 | 494.60 |
| 18 | 191.00 | 43 | 508.35 |
| 19 | 202.25 | 44 | 522.20 |
| 20 | 213.55 | 45 | 536.20 |
| 21 | 224.95 | 46 | 550.25 |
| 22 | 236.40 | 47 | 564.40 |
| 23 | 247.95 | 48 | 578.70 |
| 24 | 260.90 | 49 | 593.10 |
| 25 | 272.70 | 50 | 607.55 |
| 26 | 284.60 | 51 | 622.15 |
| 27 | 296.55 | 52 | 636.85 |
| 28 | 308.55 | 53 | 651.70 |
| 29 | 320.65 | 54 | 666.60 |
| 30 | 332.85 | 55 | 681.65 |
| 31 | 345.15 | 56 | 696.80 |
| 32 | 337.50 | 57 | 712.05 |
| 33 | 369.90 | 58 | 727.45 |
| 34 | 382.45 | 59 | 742.90 |
| 35 | 395.05 | 60 | 758.53 |
Note: - The amount shall be proportionate for other denominations.
T A B L E-38
[See Rule 10]
Amount, inclusive of interest, payable on an account opened on or after 1st March, 2002 but before 1st March, 2003 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 is continued. |
Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 939.80 |
| Two years | 1147.90 |
| Three years | 1374.25 |
| Four years | 1620.50 |
| Five years | 1888.30 |
Note: - The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
T A B L E-39
[See Rule 11]
Amount, inclusive of interest, payable on an account opened on or after 1st March, 2002 but before 1st March, 2003 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 is continued. |
Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 814.15 |
| Two years | 885.00 |
| Three years | 963.35 |
| Four years | 1047.85 |
| Five years | 1139.80 |
Note: - The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
T A B L E-40
[See Rule 12]
Amount payable to legal heir or nominee on the death of the depositor in a 5- Year Recurring Deposit Account opened on or after 1st March, 2002 but before 1st March, 2003.
| No. of deposits made | Amount (Rs) for denomination of Rs.10 | No. of deposits made | Amount (Rs) for denomination of Rs.10 |
| 1 to 11 | The deposits made | 36 | 409.30 |
| 12 | 124.80 | 37 | 422.20 |
| 13 | 135.60 | 38 | 435.15 |
| 14 | 146.45 | 39 | 448.15 |
| 15 | 157.40 | 40 | 461.30 |
| 16 | 168.40 | 41 | 474.85 |
| 17 | 179.50 | 42 | 487.85 |
| 18 | 190.65 | 43 | 501.25 |
| 19 | 201.85 | 44 | 514.70 |
| 20 | 213.10 | 45 | 528.30 |
| 21 | 224.45 | 46 | 542.00 |
| 22 | 235.85 | 47 | 555.75 |
| 23 | 247.35 | 48 | 572.60 |
| 24 | 259.55 | 49 | 586.70 |
| 25 | 271.25 | 50 | 600.90 |
| 26 | 282.95 | 51 | 615.20 |
| 27 | 294.80 | 52 | 629.60 |
| 28 | 306.70 | 53 | 644.10 |
| 29 | 318.65 | 54 | 658.70 |
| 30 | 330.70 | 55 | 673.40 |
| 31 | 342.80 | 56 | 688.20 |
| 32 | 355.00 | 57 | 703.15 |
| 33 | 367.25 | 58 | 718.15 |
| 34 | 379.60 | 59 | 733.25 |
| 35 | 392.05 | 60 | 748.49 |
Note : - The amount shall be proportionate for other denominations.
T A B L E-41
[See Rule 10]
Amount, inclusive of interest, payable on an account opened on or after 1st March, 2003 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 is continued. |
Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 910.08 |
| Two years | 1105.24 |
| Three years | 1315.45 |
| Four years | 1541.87 |
| Five years | 1785.76 |
Note: - The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
T A B L E-42
[See Rule 11]
Amount, inclusive of interest, payable on an account opened on or after 1st March, 2003 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 is continued. |
Amount (Rs.) repayable on an account Rs.10 denomination |
| One year | 785.12 |
| Two years | 845.69 |
| Three years | 910.92 |
| Four years | 981.18 |
| Five years | 1056.87 |
Note: - The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
T A B L E-43
[See Rule 12]
Amount payable to legal heir or nominee on the death of the depositor in a 5- Year Recurring Deposit Account opened on or after 1st March, 2003.
| No. of deposits made | Amount (Rs) for denomination of Rs.10 | No. of deposits made | Amount (Rs) for denomination of Rs.10 |
| 1 to 11 | The deposits made | 36 | 402.95 |
| 12 | 124.12 | 37 | 415.43 |
| 13 | 134.81 | 38 | 427.98 |
| 14 | 145.56 | 39 | 440.61 |
| 15 | 156.37 | 40 | 453.32 |
| 16 | 167.23 | 41 | 466.10 |
| 17 | 178.15 | 42 | 478.96 |
| 18 | 189.13 | 43 | 491.90 |
| 19 | 200.16 | 44 | 504.91 |
| 20 | 211.25 | 45 | 518.00 |
| 21 | 222.39 | 46 | 531.18 |
| 22 | 233.60 | 47 | 544.43 |
| 23 | 244.86 | 48 | 560.69 |
| 24 | 256.85 | 49 | 574.24 |
| 25 | 268.29 | 50 | 587.86 |
| 26 | 279.79 | 51 | 601.58 |
| 27 | 291.35 | 52 | 615.38 |
| 28 | 302.97 | 53 | 629.26 |
| 29 | 314.66 | 54 | 643.23 |
| 30 | 326.41 | 55 | 657.29 |
| 31 | 338.22 | 56 | 671.43 |
| 32 | 350.10 | 57 | 685.67 |
| 33 | 362.04 | 58 | 699.99 |
| 34 | 374.04 | 59 | 714.40 |
| 35 | 386.11 | 60 | 728.90 |
Note: - The amount shall be proportionate for other denominations.
“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 denomination |
| One year | 924.80 |
| Two years | 1126.32 |
| Three years | 1344.46 |
| Four years | 1580.58 |
| Five years | 1836.17 |
Note: 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 denomination |
| One year | 799.50 |
| Two years | 865.41 |
| Three years | 936.75 |
| Four years | 1013.97 |
| Five years | 1097.55 |
Note: 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.10 |
| 1 to 11 | Deposits made | 36 | 406.44 |
| 12 | 125.09 | 37 | 420.48 |
| 13 | 135.95 | 38 | 433.33 |
| 14 | 146.88 | 39 | 446.27 |
| 15 | 157.88 | 40 | 459.29 |
| 16 | 168.95 | 41 | 472.40 |
| 17 | 180.09 | 42 | 485.59 |
| 18 | 191.31 | 43 | 498.88 |
| 19 | 202.59 | 44 | 512.25 |
| 20 | 213.95 | 45 | 525.70 |
| 21 | 225.37 | 46 | 539.25 |
| 22 | 236.87 | 47 | 552.89 |
| 23 | 248.45 | 48 | 566.62 |
| 24 | 260.10 | 49 | 580.44 |
| 25 | 272.12 | 50 | 594.35 |
| 26 | 283.94 | 51 | 608.35 |
| 27 | 295.84 | 52 | 622.44 |
| 28 | 307.81 | 53 | 636.63 |
| 29 | 319.86 | 54 | 650.92 |
| 30 | 331.99 | 55 | 665.29 |
| 31 | 344.20 | 56 | 679.76 |
| 32 | 356.49 | 57 | 694.33 |
| 33 | 368.86 | 58 | 709.00 |
| 34 | 381.30 | 59 | 723.76 |
| 35 | 393.83 | 60 | 738.62 |
Note: The amounts shall be proportionate for other denominations”.
“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 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 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 December, 2011.
| 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 | 49 | 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”.
“TABLE 50
(See Rule 10)
Amount, inclusive of interest, payable on an account opened on or after the 1stday ofApril, 2013 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 | 933.77 |
| Two years | 1139.21 |
| Three years | 1362.24 |
| Four years | 1604.37 |
| Five years | 1867.24 |
Note: The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
TABLE 51
(See Rule 11)
Amount, inclusive of interest, repayable on an account opened on or after the 1stday ofApril, 2013 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 | 808.27 |
| Two years | 877.47 |
| Three years | 952.60 |
| Four years | 1034.17 |
| Five years | 1122.71 |
Note: The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
TABLE 52
(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 1stday ofApril, 2013.
| 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 | 409.00 |
| 12 | 125.43 | 37 | 422.52 |
| 13 | 136.35 | 38 | 435.49 |
| 14 | 147.34 | 39 | 448.55 |
| 15 | 158.41 | 40 | 461.70 |
| 16 | 169.55 | 41 | 474.95 |
| 17 | 180.77 | 42 | 488.28 |
| 18 | 192.06 | 43 | 501.70 |
| 19 | 203.44 | 44 | 515.21 |
| 20 | 214.88 | 45 | 528.82 |
| 21 | 226.41 | 46 | 542.52 |
| 22 | 238.02 | 47 | 556.32 |
| 23 | 249.70 | 48 | 570.21 |
| 24 | 261.46 | 49 | 584.19 |
| 25 | 273.30 | 50 | 598.28 |
| 26 | 285.23 | 51 | 612.46 |
| 27 | 297.23 | 52 | 626.73 |
| 28 | 309.32 | 53 | 641.10 |
| 29 | 321.48 | 54 | 655.58 |
| 30 | 333.73 | 55 | 670.15 |
| 31 | 346.07 | 56 | 684.82 |
| 32 | 358.48 | 57 | 699.59 |
| 33 | 370.98 | 58 | 714.47 |
| 34 | 383.57 | 59 | 729.45 |
| 35 | 396.24 | 60 | 744.53 |
Note: The amounts shall be proportionate for other denominations”.
“TABLE 53
Amount, inclusive of interest, payable on an account opened on or after the 1stday of April, 2014 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 | 936.64 |
| Two years | 1134.22 |
| Three years | 1367.71 |
| Four years | 1611.66 |
| Five years | 1876.76 |
Note: The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
TABLE 54
Amount, inclusive of interest, repayable on an account opened on or after the 1stday ofApril, 2014 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 | 811.07 |
| Two years | 881.20 |
| Three years | 957.41 |
| Four years | 1040.23 |
| Five years | 1130.23 |
Note: The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
TABLE 55
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 1stday of April, 2014.
| 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 | 410.30 |
| 12 | 125.57 | 37 | 423.23 |
| 13 | 136.52 | 38 | 436.25 |
| 14 | 147.53 | 39 | 449.33 |
| 15 | 158.62 | 40 | 462.55 |
| 16 | 169.80 | 41 | 475.83 |
| 17 | 181.05 | 42 | 489.19 |
| 18 | 192.37 | 43 | 502.68 |
| 19 | 203.79 | 44 | 516.25 |
| 20 | 215.28 | 45 | 529.88 |
| 21 | 226.83 | 46 | 543.66 |
| 22 | 238.49 | 47 | 557.51 |
| 23 | 250.22 | 48 | 571.43 |
| 24 | 262.02 | 49 | 585.50 |
| 25 | 273.92 | 50 | 599.64 |
| 26 | 285.90 | 51 | 613.85 |
| 27 | 297.94 | 52 | 628.22 |
| 28 | 310.10 | 53 | 642.65 |
| 29 | 322.32 | 54 | 657.16 |
| 30 | 334.62 | 55 | 671.83 |
| 31 | 347.03 | 56 | 686.57 |
| 32 | 359.51 | 57 | 701.38 |
| 33 | 372.06 | 58 | 716.36 |
| 34 | 384.74 | 59 | 731.41 |
| 35 | 397.48 | 60 | 746.53 |
Note: The amounts shall be proportionate for other denominations.
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