Form Of Application For Purchase Of National Savings Certificates (VI Issue) By Non Resident Or Person Who Is Not Resident In India

FORM 1 A is mentioned under rule 6 and 18 of  NATIONAL SAVINGS CERTIFICATE (SIXTH ISSUE), 1981

RULE 6- Procedure for purchase of certificate.-

Any person desiring to purchase a certificate shall present at a post office, an application - (i) in Form 1, or

(ii) if such application is made by any person referred to in the proviso to this rule or rule 8, in Form 1A (obtainable free of cost at all post offices), either in person or through an authorized agent of the Small Savings Schemes:

Provided that where the applicant is an individual not being a citizen of India or not being a person of Indian origin, who is a non resident, or, as the case may be, who is not resident in India, prior approval of the Reserve Bank of India for the purchase of the certificate shall be necessary.

Explanation: For the purposes of this rule, a person shall be deemed to be of Indian origin if he, or either of his parents or any of his grand-parents, was born in undivided India.

18. Nomination.-

Subject to the provisions of sub-rules (2) to (6) the single holder or joint holders of a certificate may, by filling in necessary particular in Form 1 or, as the case may be, Form 1A at the time of purchasing the certificate, nominate any person who,in the event of death of the single holder or both the joint holders, as the case may be,shall become entitled to the certificate and to the payment of the amount due thereon. If such nomination is not made at the time of purchasing the certificate, it may be made by the single holder, the joint holders or the surviving joint holder, as the case may be, at any time of the purchase of the certificate but before its maturity, by means of an application in Form 2 to the Postmaster of the office at which the certificate stands registered.

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