Post Office Application Form For Closure Of Account On Maturity from Download

By | May 22, 2026
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Post Office Application Form For Closure Of Account On Maturity

Post Office Application Form For Closure Of Account On Maturity from Download
Based on the provided document, here are the key points for completing and submitting Form SB-7A (Application for Closure of Account on Maturity):

📄 Core Purpose of Form SB-7A

  • Target Action: Used by depositors to close an investment account that has officially reached its maturity date.
  • Universal Applicability: Valid across various National Savings Schemes, including SB, RD, TD, MIS, SCSS, PPF, SSA, KVP, and NSC.
  • Mandatory Attachment: The original physical passbook must be submitted alongside the application.

📝 Information Provided by the Depositor (Left Side)

The account holder or guardian must fill out the basic request parameters:
  • Account Tracking: The exact name of the Post Office branch, the specific type of scheme, and the unique account number.
  • Maturity Confirmation: The formal calendar date on which the account successfully matured.
  • Minor/Unsound Mind Accounts: If the account belongs to a minor or an individual of unsound mind, the guardian must formally certify that the beneficiary is currently alive and that the funds are intended for their direct use.

💰 Payout Method Choices

The depositor must select exactly how they wish to receive the maturity proceeds:
  • Option 1: Direct credit to an active Post Office Savings Account (requires the account number and branch name).
  • Option 2: Issuance of a formal account payee cheque.
  • Option 3: Immediate cash payout (strictly restricted to amounts falling below the legally permissible cash limit).

🖋️ Execution and Acquittance (Signatures)

  • Double Signing: The depositor or legal guardian must sign the form in two separate places: once in the initial application section and once in the “Acquittance” section at the bottom right.
  • Thumb Impressions: If the applicant is illiterate and uses a thumb impression, a recognized individual must write their name and full address to formally attest the print in both signing sections.
  • Contact Details: The applicant must provide a valid mobile number inside the acquittance block.

🏢 Internal Post Office Calculation (Right Side)

The top-right section is reserved exclusively for the Postmaster to issue the formal “Payment Order”:
  • Breakdown Ledger: It captures the specific principal amount, adds the maturity interest due, subtracts any recovery for historically overpaid interest, and logs any applicable deductions.
  • Final Authorization: The total payout amount is written in both figures and words, then legally authorized by the Postmaster’s signature, Transaction ID, and official branch date stamp.