Senior Citizen Saving Scheme: Amendment to sub rule 3 of rule 8

SB Order No.07/2014
No. 79-01/2010-SB
Government of India
Ministry of Communications & IT
Department of Posts
Dak Bhawan, Sansad Marg,
New Delhi-110001.
Dated: 28.07.2014

All Heads of CircIes/Regions
Addl. Director General, APS, New Delhi.

Sub: – Amendment to sub rule 3 of rule 8 of SCSS-2004 rules – reg.

Sir / Madam,

The undersigned is directed to refer to this office letter of even number dated 23.08.2010 (SB Order No.17/2010) vide which Min. of Finance (DEA) had substituted sub rule 3 of rule 8 of SCSS-2004 omitting three provisos. Now, MOF (DEA) has again amended sub rule 3 of rule 8 of SCSS-2004 and inserted two provisos which are as under:-

“Provided that in the case of a joint account, or where the spouse is the sole nominee, the spouse may continue the account on same terms and conditions as specified under these rules.
Provided further that in case the spouse does not continue the joint account, the account shall be closed on an application in Form-F and the deposit refunded alongwith interest as above.”

2. The copy of Gazette Notification No. G.S.R. 392(E) dated 09.06.2014 issued by MOF (DEA) is enclosed. This amendment shall come into force from 09.06.2014.
3. It is requested that the Notification may kindly be circulated to all Post Offices for information and necessary action. With this amendment, now surviving spouse can continue SCSS A/c even if a separate SCSS A/c is opened in her/his name. It is further requested that there may be some cases where SBCO or Audit has objected continuation of SCSS Aic by spouse under first two provisos between 23.08.2010 to 08.06.2014. All such cases may kindly be sent for regularization in the below mentioned format as a one time measure. Circles are requested to compile information in this format for the Circle as a whole and send to this office.

4. This issues with the approval of DDG (FS).

Format for regularization for SCSS

S. No. Account No. Name of Deceased depositor Date of death Name of Nominee/ Spouse Amount Remarks if any

Encl.: As above

Yours faithfully,
(Kawal Jit Singh)
Assistant Director (SB-II)

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