Rule 7 - Legal Tender - National Savings Certificates (IX-Issue) Rules, 2011

7. Legal Tender,- Payment for the purchase of a certificate may be made to a post office in any of the following modes, namely:- (i) cash; (ii) a locally executed cheque, pay order or demand draft drawn in favour of the postmaster; (iii) by presenting a duly signed withdrawal form together with the pass book for withdrawal from the Post Office Savings Bank account, (iv) surrender of a matured old certificate duly discharged as follows; Received payment through issue of fresh of fresh certificate vide application attached . 1 [ (v) by any electronic mode in case of certificates are purchased from the post offices working on Core Banking Solution platform. ] ************** NOTES:- 1 . Inserted vide Notification No. G.S.R. 227(E) dated 13-03-2014