Directorate vide their letter dated 23/8/2010 issued ammendement to sub rule 3 of Rule 8 of SCSS-2004 rules. the amended rule is as under : -
" 8(3) In case of death of a depositor before maturity, the account shall be closed and deposit refunded on an appliction in Form "F" alongwith interest applicable to the scheme till the date of death on which the depositor expired, to the nominee or to legal heir in case the nominee also expire or nomination has provided in rule 6 was not made, as the case may be. For the period between the day following the date of death of depositor and the date on which refund is made, simple interest shall be paid at the rate applciable from time to time to savings accounts as provided in Rule 6 of Post Office Savings Accounts Rules 1981".
" 8(3) In case of death of a depositor before maturity, the account shall be closed and deposit refunded on an appliction in Form "F" alongwith interest applicable to the scheme till the date of death on which the depositor expired, to the nominee or to legal heir in case the nominee also expire or nomination has provided in rule 6 was not made, as the case may be. For the period between the day following the date of death of depositor and the date on which refund is made, simple interest shall be paid at the rate applciable from time to time to savings accounts as provided in Rule 6 of Post Office Savings Accounts Rules 1981".
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