Application For Withdrawal Under The Deposit Scheme For Retiring Government Employees, 1989

FINANCE ACT, 1989 ANNEXURE  A-1 NOTIFICATION The Government of India hereby notifies following Deposit Scheme with effect from 1st July, 1989 until further orders  Application For Withdrawal Under The Deposit Scheme For Retiring Government Employees, 1989

Deposits and withdrawal

5. (a)   The account shall be opened with a deposit of a minimum of one thousand rupees, and all deposits will be in the multiples of one thousand rupees.

 (b)  All withdrawals shall be in the multiple of one thousand rupees.

  (c)  A depositor may, at his option, withdraw by applying in Form 3 or as near thereto as possible, the entire balance or part thereof after the expiry of three years from the date of deposits. Where depositor elects to make part withdrawal, the balance amount will be held as a deposit in the account.

 (d)  The depositor may also make premature withdrawal of principal amount subject to the conditions specified in paragraph 7.

  (e)  There shall not, be more than one withdrawal in respect of a deposit in a calendar year.

according to this para 5(c) form 3 is given under the notifications 

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