Application Form For Loan/Withdrawl From RD/PPF and SSA Accounts
Post Office Application Form For Loan/Withdrawl From RD/PPF and SSA Accounts form Download
📄 Core Purpose of Form SB-7C
- Target Action: Used by depositors to request a temporary loan or a partial financial withdrawal from their savings (1002tsi0oc… p. 1).
- Eligible Schemes: Restricted strictly to Recurring Deposit (RD), Public Provident Fund (PPF), and Sukanya Samriddhi Account (SSA) (1002tsi0oc… p. 1).
📝 Key Information Required from the Depositor
- Account Tracking: Name of the Post Office branch, specific account number, and selection of the account category (RD, PPF, or SSA) (1002tsi0oc… p. 1).
- Requested Value: The exact loan or withdrawal amount written in both numbers and words (1002tsi0oc… p. 1).
- Minor Verification: For minor or unsound mind accounts, a mandatory certification stating the beneficiary is alive and the funds are for their direct use (1002tsi0oc… p. 1).
💰 Payout Method Selection
- Option 1: Direct credit to an active Post Office Savings Bank (SB) Account (requires the account number and branch name) (1002tsi0oc… p. 1).
- Option 2: Issuance of a standard Account Payee Cheque (1002tsi0oc… p. 1).
- Option 3: Cash payment (strictly restricted to amounts below ₹20,000) (1002tsi0oc… p. 1).
🖋️ Signatures & Execution (Double Signing)
- Application Side: The holder or guardian must sign or provide a thumb impression to verify compliance with all scheme conditions (1002tsi0oc… p. 1).
- Acquittance Side: A second mandatory signature is required at the bottom right to formally acknowledge the physical receipt of the funds (1002tsi0oc… p. 1).
- Thumb Impressions: If the depositor is illiterate, both signing blocks require formal attestation with the witness’s full name and address (1002tsi0oc… p. 1).
- Tax Identification: The acquittance block requires a valid mobile number and PAN Number (1002tsi0oc… p. 1).
🏢 Internal Post Office Processing
- Eligibility Check: Verification of the total balance available, the date of initial subscription, and the calendar date of the last allowed loan or withdrawal (1002tsi0oc… p. 1).
- Official Authorization: Registration of a unique Transaction ID, the final sanctioned amount, the Postmaster’s signature, and the branch date stamp (1002tsi0oc… p. 1).
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