Post Office Application for transfer of account
Based on the provided document, here are the key points for completing and submitting Form-5 (Application for transfer of account under National Savings Scheme):
📄 Core Purpose of Form-5
- Target Action: Used to shift a savings account from one post office or bank branch to another.
- Governing Regulation: Follows Rule 13 of the Government Savings Promotion Rules, 2018.
- Applicability: Valid for National Savings Schemes (e.g., PPF, SSY, NSC, Senior Citizen Savings Scheme).
📝 Key Information Required from the Depositor
Applicants must fill out the following details in the main request section:
- Account Specifics: The exact account number and the specific name of the scheme.
- Financial Details: The current deposit or credit balance written out in both figures and words.
- Location Details: The full name of the current office where the account is held (source) and the full name of the new office where it should be moved (destination).
🖋️ Specimen Signatures & Documents
- Mandatory Attachment: The original passbook, deposit receipt, or formal statement of account must accompany the form.
- Triple Signatures: The account holder must provide exactly three specimen signatures in the spaces provided on the form.
- Contact Details: The applicant’s full legal name and current address must be written next to the signatures.
🏢 Processing and Acknowledgement
- Official Verification: The Postmaster or Manager must countersign the application to authorize the transfer request.
- Receipt Form: The bottom section functions as an official “Acknowledgement” receipt for the account holder.
- Passbook Handling: Processing staff check the entries in the original passbook or deposit receipt and immediately return it to the holder after validation.
- Official Stamps: The acknowledgement is only valid when it bears the official date stamp, office name, seal, and signature of the Postmaster or Manager.
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