Previous Description :: Above provisions of paragraphs (1) to (3) shall also apply on PPF accounts after maturity on expiry of each extended block period of five years.
Amendment Description :: Above provisions of paragraphs (i) to (iii) shall also apply on
PPF accounts after maturity on expiry of each extended block period of five years.
Conclusion :: Both Rules are same only Roman Numerals not included in previous Rule. Used (1) to (3) instead (i) to (iii) in previous Rule.
>>>> Rule Number :: 119 (1) (ii)
Previous Description :: The amount is required for higher education of the account holder or the minor account holder, on production of documents and fee bill in confirmation of admissionin a recognized institute of higher education in India or abroad.
Amendment Description :: The amount is required for higher education of the account
holder, or dependent children on production of documents and fee bills in confirmation of admission in a recognised institute of higher education in India or abroad.
Conclusion :: Higher education for Dependent Children not included in previous Rule.
>>>> Rule Number :: 126 (2) (iv)
Previous Description :: Withdrawal can be made in one lump or in instalments, not exceeding one perfinancial year for a maximum of five years subject to the ceiling prescribed in para (ii)(c)above. i.e. 50% of balance at the credit of the preceding financial year from the date of first application made for withdrawal.
Amendment Description :: Withdrawal can be made in one lump or in instalments, not
exceeding one per financial year for a maximum of frve years subject to the ceiling prescribed in para (2) (iii) above. i.e. 50% of
balance at the credit of the preceding financial year from thedate of first application made for withdrawal.
Conclusion :: Both Rules are same only Roman Numerals not included in previous Rule. Used (ii) (c) instead (2) (iii) in previous Rule.
>>>> Rule Number :: 172 (3) (ii)
Previous Description :: The claim supported by legal evidence for account/certificate standing at Time Scale /LSG / HSG II sub post offices, the respective SPMs can sanction claim up to the limit prescribed for sanction of claim "where no nomination exists or no legal evidence produced"in table below in rule 4 (B) of this chapter.
Amendment Description :: The claim supported by legal evidence for account/ certificate standing at Time Scale & LSG sub post offices, the respective SPMs can sanction claim up to the limit prescribed for sanction of claim "where no nomination exists or no legal evidence produced" in table below in rule 4 (B) of this chapter.
Conclusion :: HSG ll Sub Post Office included in previous Rule.
>>>> Rule Number :: 172 (3) (iii)
Previous Description :: The claim supported by legal evidence and where no nomination exists for account/certificate standing at Time Scale /LSG /HSG II sub post offices beyond the sanction limit of respective SPMs, those claims will be forwarded to the Divisional Head after verifying all particulars of claim and Divisional Head will issue sanction for such claims irrespective of any limit.
Amendment Description :: The claim supported by legal evidence and where no nomination exists for account/certificate standing at Time Scale & LSG sub post offices beyond the sanction limit of respective SPMs, those claims will be forwarded to the Divisional Head after verifuing all particulars of claim and Divisional Head will issue sanction for such claims irrespective of any limit.
Conclusion :: HSG ll Sub Post Office included in previous Rule.
>>>> Rule Number :: 172 (3) (iv)
Previous Description :: The claim supported by legal evidence for account/certificate standing at HSG-I Sub Post Offices/ MDGs/HO/GPO, the respective SPMs/PMs /Sr.PM/CPM/Director can sanction claim irrespective of any limit in such cases.
Amendment Description :: The claim supported by legal evidence for account/ certificate standing at HSG Sub Post Offices / MDGs / HO / GPO, therespective SPMs/PMs /Sr. PM/CPM/Director can sanction claim
irrespective of any limit in such cases.
Conclusion :: Amendment as HSG Sub Post Office instead HSG-l Sub Post Office in previous Rule.
>>>> Rule Number :: 172 (9) (ii)
Previous Description :: The claimant will present the sanction in original along with the passbook. Necessary action will be taken as for the closure of savings account.
Amendment Description :: The claimant will present the sanction memo in original if the
claim is sanctioned by Divisional Head and if the payment is desired by cheque. Necessary action will be taken as for the closure of savings account.
Conclusion :: Necessary information added in amendment rule.
Dak Seva
Jan Seva
India Post
Sabka Dost
Thanks...
DOP Adda
Done fantastic job keep it up
ReplyDeletevery good clarification by DOP adda
ReplyDelete