How to transfer accounts and certificate in post office schemes?

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oi-Sunil

By Sunil Fernandes

Published: Saturday, October 4, 2014, 10:31 [IST]

Small savings or post office schemes are the most popular set of saving schemes in the country along with bank deposits.
At times there is a need to transfer account or certificates in a small savings scheme from one holder to another. This maybe on account of a variety of reasons including death of an existing holder, prior arrangement etc.

Here are ways to transfer accounts and certificate in post office schemes...

For transfer of an account, the holder or concerned depositor should apply in the prescribed form (SB10(b)) or manual application. The application can be given either in transferring office or transferee office.
Click here to download the form

For transfer of certificates, the investor should apply in the prescribed form [NC32]. The application may be given in one of the branches of the post office.

The procedure is pretty simple and does not need much help. The concerned post master maybe able to help you in this regard.

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