Central Government Updates Post Office Recurring Deposit Rules: Changes to Rules 9-12, New Tables for Repayment Details

The Central Government has amended the Post Office Recurring Deposit Rules, 1981, effective from December 1, 2011. Changes include updates to rules 9, 10, 11, and 12, and the addition of tables 44 to 46. These amendments adjust the amounts payable on accounts based on various conditions, such as continuation beyond maturity or the depositor's death. The amendments specify revised amounts for accounts opened on or after December 1, 2011, with detailed tables outlining the amounts repayable for different scenarios and account denominations. These changes are enacted under the Government Savings Bank Act, 1873.

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