Post Office Application for transfer of Savings Certificate from person to person under specified conditions

By | May 22, 2026
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Application for transfer of Savings Certificate from person to person under specified conditions

Based on the provided document, here are the key points for completing and submitting Form NC 34 Annexure–2 (Application for Transfer of Savings Certificates from One Person to Another) (1034um92ox… p. 1):

📄 Core Purpose of Form NC 34

  • Target Action: Used to legally transfer ownership of a Savings Certificate (or duplicate certificate) from one individual or institution to another person (1034um92ox… p. 1).
  • Restriction: This form explicitly cannot be used for pledging certificates as collateral (1034um92ox… p. 1).
  • Filing Rule: A completely separate application form must be filled out for each unique series of certificates (1034um92ox… p. 1).

📝 Key Information Required from the Transferor (Seller/Giver)

The current holder must fill out Page 1 with the following information (1034um92ox… p. 1):
  • Identity Details: Full name written in block capital letters, along with their current residential address (1034um92ox… p. 1).
  • Certificate Particulars: A dedicated table requiring the exact Series and Serial Number, Denomination (value), and Date of Issue for each certificate (1034um92ox… p. 1).
  • Transfer Fee: A processing fee must be calculated and paid alongside the submission (1034um92ox… p. 1).

👶 Special Rules for Minor Accounts

If the certificate belongs to or is being transferred on behalf of a minor, strict rules apply (1034um92ox… p. 1):
  • Legal Confirmation: The transferor must formally certify that the minor is currently alive and that this ownership transfer serves the minor’s best interests (1034um92ox… p. 1).
  • Time-Bound Reason: If the transfer is initiated within one year from the original date of certificate issue, the specific circumstances and reasons for the transfer must be documented on the form (1034um92ox… p. 1).
  • Authorized Signatory: A parent or legal guardian must sign the form on behalf of the minor (1034um92ox… p. 1).

👥 Transferee Declaration (Buyer/Receiver)

The person receiving the certificates must fill out Page 2 (1034um92ox… p. 2):
  • Legal Binding: The transferee must declare their explicit agreement to the transfer (1034um92ox… p. 2).
  • Compliance: They must formally sign or provide a thumb impression (if illiterate) agreeing to abide by all governing certificate rules, including any future amendments (1034um92ox… p. 2).

🏢 Post Office Internal Processing

The reverse side is dedicated to official administrative actions (1034um92ox… p. 2):
  • Verification Stamps: Requires the official Oblong Money Order (MO) stamp from the Head Office (HO) or Sub Office (SO) (1034um92ox… p. 2).
  • Record Tracking: Staff link the transfer to the original purchase application registration number (1034um92ox… p. 2).
  • New Ledger Entry: A table tracks the newly issued certificates to the transferee, capturing interest payment dates, final discharge dates, and the Postmaster’s validating initials (1034um92ox… p. 2).