1. Object.--The object of the Government in establishing Treasury Savings Bank Scheme is to provide a ready the deposit of Savings and so to encourage thrift. Savings banks are not to be used for the purpose of keeping a current account and the Director of Treasuries (Secretary to Savings Bank) IS empowered to close accounts or in the case of accounts opened on behalf of minors, to stop the receipt of further deposits, if he has reason to believe that the accounts are being used for a purpose for which the Savings Bank is not intended.
The object of the Government of Kerala in establishing treasury Savings Bank is to :
(A) Boost up resources of the State
(B) Encourage thrift
(C) Increase Reserve Bank Deposit
(D) Protect investment interest of pensioners
ANSWER:-(B) Encourage thrift à´®ിതവ്യയം à´ª്à´°ോà´¤്à´¸ാà´¹ിà´ª്à´ªിà´•്à´•ുà´•
2. Definitions. For the purpose of the rules:
"Account” means the account of a depositor in a Treasury Savings Bank.
“Balance” means the balance at credit in respect of an account.
“Deposit" means money paid into Treasury Savings Bank by or on behalf of a depositor.
"Depositor" means the person by whom or on whose behalf the money is deposited.
“Guardian” means the guardian recognised by the personal law applicable to the minor concerned and in the absence of such a guardian, one appointed as such by will or deed or under the Guardians and Wards Act, 1890. (Central Act VIII of 1890).
The Guardians and Wards Act came into force :
(A) 1852
(B) 1873
(C) 1890
(D) 1973
ANSWER:-(C) 1890
“Minor” means a person who has not completed the age of 18 years.
“Transaction" means a deposit or a withdrawal.
3. Persons who may deposit money.-A Savings Bank Account may be opened by:-
(a) any person in his own name; or on behalf of any minor or relative or on behalf of any minor of whom he is the guardian; or on behalf of a lunatic of whom he is the manager or a guardian appointed by a Court of law;
(b) the managers of benevolent or other Public Associations, Clubs, Grandhasalas, or similar other non-trading institutions;
(c) public officers of money deposited with them ex officio as security for the discharge of any public duty or the fidelity of any public officer or for the accomplishment of any public object;
(d) contractors and chitty foremen who are required by Government or local body to deposit security;
(e) two or more persons in their joint names payable to,
(i) both or all of them or to survivor or survivors of them; or
(ii) either or any one or more of them or the survivor or survivors of them;
Note.- In the event of the death of any one or more of the joint holders of account opened, under rule 3 (C) above, the balance will become payable to the survivor or survivors without reference to the legal representatives of the deceased person or persons. If the payment on an account is at any time forbidden by any one or more of the account holders, the amount will only be payable on the full joint receipt of all the account holders or the
survivor or survivors of them.
A Treasury Savings Bank Account can be opened by:
(A) Government servant
(B) Head of office
(C) Service pensioner
(D) Any of the above
ANSWER: (D) Any of the above
(f) a minor of age 12 and above in his name to be operated upon by himself.
A minor of age and above can open a Treasury Savings Bank Account in his name and himself can operate it:
(A) 12 years
(B) 14 years
(C) 16 years
(D) 17 years
ANSWER:- (A) 12 years
Exceptions.-(i) The Medical Officer-in-charge of a Mental Hospital may deposit money in Treasury Savings Bank on behalf of individual patients confined in such hospitals.
(ii) A Government official may not open an account on behalf of a minor of whom he is the official guardian; provided, however, that a presiding officer of a civil court-may open an account in his official capacity on behalf of a minor for whose property he himself or an officer of his court has been appointed guardian. He may in the same way open an account on behalf of a lunatic for whose property he himself or an officer of his court has been appointed a manager. Such an account when admitted, is subject in every respect to the rules and limitations which govern ordinary private accounts.
(iii) the jenmikaram compensation payable to trust or endowment or a minor or a person suffering from legal disability or limited owner may be deposited by the Tahsildar the Treasury Savings Bank for and on behalf of the person entitled to receive the compensation. The remittance shall be made in the District Treasury of the district in which the holding is situated. The restrictions regarding the amount of deposits and withdrawals laid down under Rule 6 are not applicable to accounts opened under this provision
Explanation.--Minors are allowed to deposit money in their own names and women (whether married or single) are allowed to deposit money in their own names but subject, in the case of married women, to the limitations laid down in Rule 4 (c) below.
4. Limitations as to opening accounts and deposits.-(a) No person may have ordinarily more than one account opened in his own name.
(b) In addition to this account, he may open any number of fixed deposits in his own name or on behalf of a minor of whom he is a guardian or on behalf of any lunatic of whom he is the manager or guardian appointed by a court of law. He may also open any number of separate Savings Bank Accounts on behalf of any minor who are related to him or of whom he is the guardian and on behalf of any lunatic of whom he is the manager or guardian appointed by a court of law, provided that not more than one Savings Bank account may be opened on behalf of each of such minor or lunatic.
(c). The fact that an account has been opened on behalf of a minor shall not prevent such minor from opening an account in his own name, nor shall the fact that a married man has an account in his own name, prevent his wife from opening a separate account in her own name, provided the money to be deposited by her is her own property or earnings or is at her disposal.
Note.-If, through any cause an account has been opened in contravention of the provisions of this rule, the Director of Treasuries (Secretary to Savings Bank) may require him to close the account.
(d) Chitty foremen may, in addition to the security accounts referred to in Rule 3 (d) be allowed to open Savings Bank Accounts in respect of each chitty run by a foreman, for deposit of moneys under the provisions of the law relating to chitties for the time being in force.
5. Deposits in trust are not allowed and cannot be recognised. Exception is however made in case of Public Accounts.
6. Accounts shall be opened with a minimum initial deposit of Rs. 100 in cash. The same is to be maintained to keep the account running. The smallest amount that may be deposited or withdrawn at any time is rupee one. Accounts already in operation with a balance of less than rupees ten will be allowed to be continued, but further withdrawals bringing the balance below Rs. 100 will not be permitted except on closure.
Exception.-Security Deposit Accounts are exempted from the operation of this rule. [Date of effect from 9th March 1973].
Explanation. The Secretary to Savings Bank will be competent to exempt any category of accounts from the operation of this rule.
7. Powers to withdraw money and limitations as to withdrawals. Withdrawals are permitted only by cheques supplied by the Treasury/Sub Treasury (Form 6). No depositor shall ordinarily make more than twelve withdrawals within a calendar month from his Savings Bank Account. Treasury/Sub Treasury Officers may however allow additional withdrawals in deserving cases. For withdrawals amounting to Rs. 5,000 and above, prior notice of at least one working day will be required. The Treasury/Sub Treasury officers may relax this in deserving cases.
Exception. Withdrawals from security deposits and from deposits of illiterate depositors will be on withdrawal forms issued from the Treasury/Sub Treasury (Form 7).
8. A minor may only withdraw money deposited by him in his own name. Money deposited on behalf of a minor may be withdrawn during his minority only by his guardian. Money
deposited on behalf of a lunatic may be withdrawn only by his manager or guardian appointed by a court of law or by the Medical Officer-in-charge of the Mental Hospital concerned in the case of accounts opened by him on behalf of the patients confined in that Hospital Exception. Where a Savings Bank Account has been opened on behalf of a minor by any of his relatives (i.e. other than the guardian) such relatives can make withdrawal from the account only for the purpose of investment in Kerala Government Securities or in fixed deposits under Treasury Savings Bank Scheme on behalf of the minor.
9. Women, whether married or single, may withdraw money deposited by them in their own names; and married women may also withdraw money deposited by them in their own names, their marriage notwithstanding. The fact that a female minor, on whose behalf money has been deposited is married or become married after the account has been opened on her behalf, shall not prevent her from withdrawing money so deposited on attaining majority.
10. How to open an account.--Accounts may be opened by persons known to the Treasury/Sub Treasury Officer or when properly introduced. The application need not necessarily be made by the depositor in person.
11. Each applicant will be required to sign a declaration to the effect that he has read and accepted the rules for the conduct of Treasury Savings Bank Deposit Accounts. An applicant unable to write has to attend in person and in the presence of a witness affix his mark to the declaration; the said mark is to be attested by a witness.
12. When the declaration along with an application duly filled up and signed is presented, with the first deposit, the deposit will be entered in the pass book to be supplied to the depositor which will show the number of the depositor's account, his name, occupation or profession and address (Form 5). Every change of address should be immediately intimated to the Treasury/Sub Treasury.
13. No charge will be made for the pass book first supplied to a depositor or for any pass book issued to him in continuation of the original pass book which will be cancelled and returned to him. But if a pass book is lost or spoiled, the depositor will have to pay a penalty of rupee one for a fresh pass book containing entries starting with the balance made up of principal and interest as on the date of last transaction.
14. Every depositor will be required to give a specimen of his signature for record (Form 2). The signature must be legible and well formed. The specimen signature should be attested by a trustworthy witness to the satisfaction of the Treasury Officer. All cheques, documents and letters to the Bank must be signed strictly in accordance with such specimen.
15. Nomination by Depositors.- Nomination in respect of a deposit may be made by a depositor in accordance with the provision contained in the Government Savings Bank Act, 1813 (Central Act 5 of 1873) (Form 22).
Extract of sections 4 and 4A of the Government Savings Bank Act, 1873
(Central Act 5 of 1873)
Correct Answer:- Option-:-Government Savings Bank Act 1873
4. Nomination by Depositor.-(1) Notwithstanding anything contained in any law for the time being in force, or in any disposition, whether testamentary or otherwise, by a depositor in respect of his deposit where any nomination made in the prescribed manner purports to confer on any person the right to receive the deposit on the death of the depositor, the nominee shall, on the death of the depositor become entitled to the exclusion of all other persons, to be paid the deposit, unless the nomination is varied or cancelled in the prescribed manner.
(2) Any nomination referred to in sub-section (1) shall become void if the nominee predeceases, or where there are two or more nominees, all the nominees predecease the depositor.
(3) Where the nominee is a minor it shall be lawful for the depositor to appoint in the prescribed manner any person to receive the deposit in the event of his death during the minority of the nominee.
4A. Payment on death of depositor.-(1) If a depositor dies and there is in force at the time of the death of the depositor a nomination in favour of any person, the deposit shall be paid to the nominee.
(2) Where the nominee is a minor, the deposit shall be paid
(a) in any case where a person has been appointed to
receive it under sub-section (3) of section 4, to that person and;
(b) where there is no such person, to the guardian of the minor for the use of the minor.
(3) Where a deposit is payable to two or more nominees and either or any of them is dead, the deposit shall be paid to the surviving nominee or nominees.
(4) If a depositor dies and there is no nomination in force at the time of his death and probate of his Will or letters of administration of his estate or a succession certificate granted under the Indian Succession Act, 1925 (39 of 1925) is not within three months of the death of the depositor produced to the Secretary of the Government Savings Bank in which the deposit is, then
(a) If the deposit does not exceed five thousand rupees the Secretary may pay the same to any person appearing to him to be entitled to receive or to
administer the estate of the deceased; and
(b) Within the aforesaid limit of five thousand rupees any officer employed in the management of the Government Savings Bank who is empowered in this behalf by a general or special order of the Central Government may to the extent to which he is empowered by such order and subject to any general or special orders of the Secretary in this behalf, pay the deposit to any person appearing to him to be entitled to receive it or to administer the estate.
(5) Nothing contained in this Section shall be deemed to require any person to accept payment of a deposit which is a time deposit, before it has become due.
16. Mode of depositing money after an account has been opened.--A depositor may deposit money at the Treasury at which his account stands, as often as he wishes. All that is to be done is to send the amount to be deposited with a pay-in slip (Form 3) duly completed to the savings bank when the counterfoil of the pay-in-slip will be returned to him or his bearer duly receipted.
17. While depositing or withdrawing money depositors may produce the pass book in their wn interest. When the pass book is returned, the depositor should examine his pass book carefully before leaving the Treasury/Sub Treasury and ensure that the entries are correct. The epositor should not make any cntries in the pass book. He should be careful to keep his pass book in his possession as the Treasury will not be responsible for any loss caused
18 (a) to the depositor by the pass book falling into wrong hands. The deposits to an account shall be made either in cash as provided in this sub-rule or in the forms of Government bills/drafts/cheques as provided in sub-rule.
(b) Deposits to an Savings Bank form No. 3. account made in cash shall be accompanied by a pay-in-slip in
(b) Deposits to an account made in forms of Government bills/cheques drawn or endorsed in favour of the depositors concerned and payable at the treasuries at which the Savings Bank accounts stand or in the form of bank drafts or cheques drawn in favour of the depositors concerned and payable anywhere in India where a branch of the State Bank of India or the State Bank of Travancore or any other subsidiary of the State Bank of India exists shall be subject to the following conditions, namely:
(1) a pay-in-slip in Savings Bank Form No. 4 shall be
presented along with such bills/drafts/cheques; (
2) a minimum running balance of Rs. 100 shall be
retained in such Savings Bank Accounts.
*Note.-1. No deposit shall be made to an account opened on behalf of a minor after he has attained majority.
2. No deposit shall be made to an account which has been ordered to be closed.
3. In respect of deposits made by means of cheques, drafts and bills necessary credit will be made in the respective accounts only after their realisation. If a cheque presented for deposit is dishonoured for any reason, incidental charges actually incurred subject to a minimum of Re. l will be raised from the depositor (Form 17).
4. The facility of making deposits by bills referred to above is mainly intended for Gazetted Officers and other self-drawing officers to get their salaries and allowances credited in their Savings Bank Accounts.
19. Mode of withdrawing money.--When a depositor wishes to withdraw money he may do so by drawing cheques on the Treasury. Self cheques and cheques drawn or endorsed in favour of third parties will be honoured subject to the condition that the Treasury cheques being non-negotiable they can endorsed only once in favour of the specific party to whom the money is to be paid, provided that when the endorsement is made in favour of a Banker a second endorsement can be made by the Banker in favour of an agent or a messenger for collection only In the case of instrument endorsed in favour of an agent, ha may re-endorse it in favour of his messenger.
Note.-1. Savings Bank cheques will be current for three months from the date of issue.
The period of currency of Saving Bank cheque is:
(A) 3 Months
(B) 4 Months
(C) 6 Months
(D) None
ANSWER:- (A) 3 Months
Note. -2. When the drawer/payee of a cheque desires that the Treasury should pay to some other persons he shall specifically endorse on it and sign an order to pay that person specifying his name.
No endorsement in blank will be permissible. Explanation. In this rule an agent means any bank acting as a collecting agency for and on behalf of the payees banker. Exception. In respect of payments made under orders of competent civil court, presentation of a cheque by the depositor shall be dispensed with.
20. Should any person other than the father or karanavan or if the father is dead, other than the natural guardian desires to draw money from an account opened on behalf of a minor, with drawals will be allowed only if the Treasury/Sub Treasury Officer is satisfied that the person concerned is the next natural guardian and that the minor resides with him and is maintained by him, unless the person concerned produces necessary legal authority authorising him to operate the account.
21. Withdrawals from Treasury Savings Banks are exempted from stamp duty (receipt stamps).
*22. Interest.-Interest shall be allowed on monthly minimum balance in steps of Rs. 100 and multiples of Rs. 100 (odd amounts ie. balance above such multiples of Rs. 10 being ignored) the following rates: between the ** tenth and the last day of each calendar month at rates:
From 1-2-1973 to 31-3-1974 at 4 1/2 % per annum.
From 1-4-1974 to 31-7-1974 at 5 1/2% per annum.
From 1-8-1974 onwards at 6% per annum.
Exception1.-From 1-4-1972, the rate of interest allowed to the provident fund deposits in *G. O. (P) 481/74/Fin., dated 23-5-1979.
** G. O. (P) 548/84/Fin., dated 26-9-1984.
Treasury Savings Bank shall be the same as those allowed to other Provident Fund administered by Government from time to time.
Note I. The rate of interest admissible to General Provident Fund from time to time is as follows:
(i) From 1-4-19726% per annum for the1st Rs. 10,000 and 5.3% per annum for sums in excess of Rs. 10,000.
(ii) From 1-4-1974-6.5% for the 1st RS. 15,000 and 5.8% for sums in excess of Rs. 15,000.
(iii) From .1-8-1974–7.5% for the first Rs. 25,000 and 7% for sums in excess of Rs. 25,000.
The minimum balance in Treasury Savings Bank Account is:
(A) 100
(B) 50
(C) 500
(D) 1000
ANSWER:- (A) 100
Note II.- For the purpose of determining the rate of interest that may be allowed to General Provident Fund deposits in Treasury Savings Bank, the Treasury Officers shall before allowing interest for each financial year obtain from the administrators of the Savings Bank Account a statement of individual balances exceeding the Ist slab period for the payment of interest at any time during the year and in case there was no subscriber who had a balance exceeding the said amount, a certificate to that effect.
Exception 2.-The rate of interest in respect of the Deposits made by the “Toddy Workers Welfare Fund shall be governed by the Special Orders issued by the Government in this behalf from time to time.”
Interest on Treasury Savings Bank live Accounts will be paid at the end of:
(A) Each month
(B) Each quarter
(C) Each Half year
(D) Each financial year
ANSWER:-(D) Each financial year
23. No interest will be allowed on credit balance beyond Rs. 1,00,000. Exception.- Public Accounts and Security Deposits
Accounts are exempted from the operation of this rule [Date of effect from 9th March
1973).
24. Interest will be paid by credit to the respective accounts at the end of every financial year or at the time of closure of an account.
25. When an order has been issued by the secretary Savings Bank to close an account under Rule 4 interest cease to accrue from the first day of the month in which th order is issued.
4 interest will
26. Interest on the account of a deceased be allowed till the end of the month preceding that in which orders of payment are issued. But no interest will be allowed on moneys deposited in such accounts after the death of the depositor.
27. Interest on an account opened on behalf of a minor will cease to accrue from the first day of the month after that in which the minor attains the age of 18 years.
28. Accounts remaining unoperated for five complete financial years will cease to bear interest.
Exception.-Security and fixed deposit accounts are exempted from the operation of this rule.
29. Necessary entries regarding the interest added to the balance of the account every year will be made in the pass books of the depositors on the first occasion when the depositor produces the pass book during the next financial year.
30. Transfer of Savings Bank Accounts.-A depositor may have his account transferred free of charge to any treasury within the State.
31. When the depositor wishes to transfer his account he must make a written application for the transfer to the office where he maintains his account and sent it along with his pass book either to that office or to the office to which he wishes his account to be transferred. He may continue to use the unused cheque leaves after altering the name of the office and Account Number under his full signature, on receipt of an advice that the account has been duly transferred (Form 27).
32. No account will be transferred during the month of March
A Treasury SB Account will not be transferred during the month of:
(A) January
(B)March
(C) April
(D) None
ANSWER:- (B)March
33. Accounts ordered to be closed cannot be transferred.
34. No account can be transferred after the death of the depositor.
35. No account opened on behalf of a minor can be transferred after the minor attained majority.
36. Closing of Accounts.-When a depositor wishes to close his account he must present an application to the Treasury/ Sub Treasury Officer for closing the account. The application should be accompanied by the pass book and unused cheque leaves issued to him. The Treasury/Sub Treasury Officer should on receipt of the application, work out the interest due on the account up to the end of the month preceding the month of application for closure of the account, strike the final balance and make payment to the depositor. The Treasury/Sub Treasury Officer will issue one of the unused cheque leaves surrendered by the depositor, for the final withdrawal. If there is no unused cheque leaf for surrender by the depositor the Treasury/Sub Treasury Officer will issue a withdrawal form for the final withdrawal. The pass book will be returned to the depositor after cancellation under the signature of the Treasury/Sub Treasury Officer. Note.-1. Personal attendance of the depositor at the Treasury
to acknowledge receipts of the amount need not be insisted on and in such cases it will be lawful for the Treasury/Sub Treasury Officer to draw the final balance on a withdrawal form duly signed by him and to arrange payment to the depositor by postal money order or by Bank Draft at the 'expense of the depositor, provided there is a specific request to that effect. Note.-2. Should the depositor wish to close his account within a period of six months from the date of opening an account, a charge of Rs. 2 will be realised on account of incidental charges.
37. An account opened on behalf of a minor must, if still open, be closed by him on his attaining the age of 18 years. The applications for closure in such cases should be countersigned by the guardian who operated the account; if the guardian is not alive, the ex-minor will be required to produce necessary proof of his identity to the satisfaction of the Treasury/ Sub Treasury Officer.
38. An account opened on behalf of a. lunatic by the manager or guardian appointed by a court of law must, if still open, be closed by the person on whose behalf it was opened, in the event of the court subsequently declaring him to be sane.
39. Reopening of Accounts. A depositor who has once closed an account cannot open another account until after the expiration of the month in which the account was closed, and a depositor whose account has been closed by order of the Secretary to Savings Bank cannot open a fresh account in any case without the permission of the authority which ordered it to be closed. .
40. Unoperated Accounts.-Accounts in respect of which no transactions have taken place for five complete financial years and more will be treated as unoperated accounts and the balance in such accounts will be transferred to Revenue Deposit. Such deposits will be governed by the rules under Revenue Deposit thereafter, The Treasury/Sub Treasury Officer will maintain a register of unoperated Savings Bank Accounts transferred to Revenue Deposit and issue repayment orders as and when the depositors apply for the same after surrendering the pass book and the unused cheque leaves. The pass book will be returned to the depositor after cancellation. The unused cheque leaves, if any, will be cancelled and destroyed as per rules.
Treasury SB Account in which no transaction has been taken place for years are treated as un operated account:
(A) 1 year
(B) 2 years
(C) 5 years
(D) 10 years
ANSWER:- (C) 5 years
*Note.-(1) Security Deposits and Fixed Deposits are exempted from the operation of this rule.
"Note.-(2) Accounts opened on behalf of minors by their
guardian or relatives under sub-rule (b) of Rule 4 are also exempted from the operation of this rule till the minors attain majority".
41. All dead accounts standing in the accounts at the Treasuries as on the date of commencement of the revised rules will be transferred to revenue Deposit notwithstanding the period for which such accounts remained unoperated.
Balance in an un operated TSB account treated as dead shall be transferred to:
(A) Miscellaneous revenue receipts
(B) Revenue deposits
(C) Personal deposit account of the treasury
(D) Treasury fixed deposit
ANSWER:- (B) Revenue deposits
42. Succession and Guardianship.-Subject to the provisions contained in the Government Savings Bank Act, 1873 (Act 5 of 1873) if a depositor dies leaving a balance in the Savings Bank and:
(a) there is in force at the time of the death of the depositor a nomination in favour of any person, the deposit shall be paid to the nominee; open, be closed by the person on whose behalf it was opened, in the event of the court subsequently declaring him to be sane.
39. Reopening of Accounts. A depositor who has once closed an account cannot open another account until after the expiration of the month in which the account was closed, and a depositor whose account has been closed by order of the Secretary to Savings Bank cannot open a fresh account in any case without the permission of the authority which ordered it to be closed. .
40. Unoperated Accounts.-Accounts in respect of which no transactions have taken place for five complete financial years and more will be treated as unoperated accounts and the balance in such accounts will be transferred to Revenue Deposit. Such deposits will be governed by the rules under Revenue Deposit thereafter, The Treasury/Sub Treasury Officer will maintain a register of unoperated Savings Bank Accounts transferred to Revenue Deposit and issue repayment orders as and when the depositors apply for the same after surrendering the pass book and the unused cheque leaves. The pass book will be returned to the depositor after cancellation. The unused cheque leaves, if any, will be cancelled and destroyed as per rules.
*Note.-(1) Security Deposits and Fixed Deposits are exempted from the operation of this rule.
"Note.-(2) Accounts opened on behalf of minors by their guardian or relatives under sub-rule (b) of Rule 4 are also exempted from the operation of this rule till the minors attain majority".
41. All dead accounts standing in the accounts at the Treasuries as on the date of commencement of the revised rules will be transferred to revenue Deposit notwithstanding the period for which such accounts remained unoperated.
42. Succession and Guardianship.-Subject to the provisions contained in the Government Savings Bank Act, 1873 (Act 5 of 1873) if a depositor dies leaving a balance in the Savings Bank and:
(a) there is in force at the time of the death of the depositor a nomination in favour of any person, the deposit shall be paid to the nominee;
*G. O. (P) 94/85/Fin., dated 16-2-1985.
(b) there is no nomination in force at the time of the death of the depositor, payment of the same may be ordered to be made to the claimant such as heir, exccutor, administrator
or guardian as provided below:
(1) Heir-On production of a succession certificate of an order of a competent civil court.
Exception 1.-If the balance does not exceed Rs. 2,500 payment may be made to the heir of the deceased depositor without production of a succession certificate or order of a competent civil court, on production of a heirship certificate issued by a Tahsildar (under the State Government) in whose jurisdiction the depositor die or in whose jurisdiction the heir lives. Exception 2.-If the balance exceeds Rs. 2,500 but does not exceed Rs. 5,000 the secretary to Savings Bank may similarly authorise payment to the heir of the deceased if no rival claimants appear within six months of the publication of a notice in the Government Gazette. The Secretary to Savings Bank may institute necessary enquiries through the Revenue Divisional Officer in whose Jurisdiction the depositor lived and died or in whose jurisdiction the heir lives and obtain an enquiry report before the publication of the notification in the Gazette, if deemed necessary.
Note.--In cases under exceptions 1 and 2 above, indemnity bonds with two sureties should be required to be executed by . the claimants for twice the amount. In case where the
amount does not exceed Rs. 500, the indemnity bond can be dispensed with at the discretion of the Treasury/ Sub Treasury Officer.
(2) Executor or Administrator. ---On production of a probate or letter of Administration by a competent court.
(3) Guardian.-On production of a guardianship certificate granted by a competent court.
43. (1) If any depositor becomes insane or otherwise incapable of managing his affairs, and if such insanity or incapacity be proved to the satisfaction of " Savings Bank. he may from time to time. make payment out of the deposits to any proper person. Where a committee or manager has been duly appointed to administer the depositor's estate, nothing in this rule authorise payments other than the committee or manager.
(2) Where any person claims to withdraw money of an account opened on behalf of a minor as being the guard of such minor the secretary to the Savings Bank may authorise the applicant to withdraw money from the account for minor's use under the following conditions:
(a) when the applicant claims to be the guard: under the law, on production of proof of th
claims:
(b) where the applicant claims as guardian appointed by Will or Deed, on production of the document in support; and
(c) in other cases the applicant may be required produce a certificate or administration before payment is made to him.
44. Public Accounts. The following special provisions govern the opening of Public Accounts and their transactions:
(a) Accounts may be opened by the Secretaries Treasurers, Managers or other responsible office bearers of funds of any dispensary, devaswom, church or other religious institutions, schools, orphanages, asylum or library or any other fund of a properly constituted nature for the encouragement of thrift and for the mutual benefit of its members. Race. racquet, billiard, mess and funds, the object of which are of a personal or private nature cannot be allowed to open accounts.
(b) Chairmen of Corporations, Municipalities, Panchayat, Guruvayoor Township, Foremen of Chitties, Secretaries, Treasurers or Presidents of Societies registered under the Cooperative Societies Act for the time being in force, as well as liquidators of Co-operative Societies appointed as such under the provisions of the said Act, may be allowed to open accounts.
(c) Secretaries and Managers of benevolent funds (i. e., funds formed by mutual subscription as an insurance against domestic misfortune) may be allowed to open accounts.
(d) Officers of Government who collect subscriptions, tary or departmental, from their subordinates for departmental oses or from the public under proper authority may be allowed
to open accounts.
(e) Secretaries, directors or other office bearers of panies registered under any statutory authority may be allowed to open accounts.
(f) Responsible office bearers of recognised funds constituted out of public subscription for the relief of the poor for the provision of education or medical relief or for the advancement of any other object of public utility, may be allowed to open accounts.
(g) Heads of Educational Institutions may be allowed to open accounts to deposit the fees collected by them towards extra curricular activities. (The clause will apply irrespective of the fact whether such institutions are under the administrative control of the Education Department or any other Department).
(h) Institutions and individuals receiving grants from Government and Local Bodies may be allowed to open accounts for the deposit of the grants received by them.
(i) Heads of aided Educational Institutions and Quasi Government Institutions may be permitted to open Public Accounts for crediting the subscriptions and contributions collected by them towards Provident Fund Accounts opened for the benefit of the employees under general or special orders of Government.
45. Public Accounts of the kind specified above must be designated by names indicating the object to which the money is devoted as “Dispensary fund”, “Clothing allowance fund”, “Balamandir Mark Money Fund”, etc.
Information must also be given in writing regarding the object and source of income of the fund.
46. Treasury/Sub Treasury Officers are also authorised to open public accounts and transfer them either from one name to another or from one Treasury to another on behalf of companies or Co-operative Societies registered on statutory authority provided the application thereof has been made or endorsed by the Registrar or other officer who is empowered to register companies and in the case of Co-operative Societies by the Assistant registrar of Co-operative Societies.
47. In the case of application for change of an operator, countersignature by Departmental Officers may dispensed with provided the application is made under the signature of both the relieved and relieving officer. Howe in the case of associations and autonomous bodices, the application should be supported by authenticated copies of resolutions or similar bona fide documents to the satisfaction of the Treasury Officer
48. In every case in which the holder of a Public Account other than a Public Account held by an officer of Government in his official capacity is changed, a fresh declaration (vide Rule 11) must be filed.
49. The limitations laid down in Rule 4 are not meant to prevent any person from opening more than one Public Account. provided the object of each account is different.
50. Public Accounts may be operated by one or more persons jointly as authorised by the rules governing the funds operated by them.
51. No account may be allowed for money:
(i) which is the property of Government or
(ii) which has been received for credit of the Government or
(iii) which has been drawn from the Treasury for expenditure on account of the Government or
(iv) which is collected or received or held in trust by any public officer or court, in accordance with any law, provided that the money is the property of the Government.
52. In respect of the Public Accounts opened for the deposit of the funds collected for the welfare of the public or departmental subordinates in the name of the Secretaries to Government and Heads of Departments necessary facilities for collection of money in all or any of the Treasuries in the State, irrespective of the Treasury in which the account is operated may be sanctioned by the secretary to Savings Bank (Form 35, 36 and 37).
The Secretary to Savings Bank may extend this facility to the Public Accounts opened on behalf of statutory bodies also for the operation of their fund accounts.
53. Security deposit accounts. The following special conditions govern the opening of Security Deposit Accounts and their transactions:
(a) Government servants, Contractors and Foremen of Chitties who are required to deposit security may be allowed separate accounts for the security deposit only.
(b) A person may open a security deposit account either in his own behalf or on behalf of another person. More than one account, however, may not be opened as security for the same person in respect of the same work or contract or chitty.
(c) A security deposit account may be opened in the joint names of the persons undertaking the same work or contract.
(d) A person undertaking more than one work or contract at the same time may be allowed a separate account in respect of each.
Security of one contract should not be allowed to be utilised for another. The accounts should be closed as soon as each contract expires and fresh accounts opened for subsequent contracts.
If however, a contract is allowed to be transferred from one person to another, during the currency of the contract, the security deposit may also be assigned by the former in favour of the latter, provided the security deposit is liable for all liabilities from the inception of the contract to its close and the assignee takes subject to all rights and liabilities that may exist against the assignor on the date of assignment. In such cases necessary notice of assignment should be given to the Treasury Officer for his information by the assignor through the pledgee.
Exception.
The security furnished in respect of a fixed fee license, issued under the Abkari Actor Medicinal and Toilet Preparations (Excise Duties) Act, for a period can be treated as security for a subsequent period if there are no dues outstanding against the licensee and the licence is renewed in the name of the same person who had furnished security during the previous period.
(e) The depositor will be required to sign a declaration, undertaking not to make any claim on the Treasury Savings Bank for the Principal of the sum deposited or interest thereon except with the express written sanction of the officer to whom the security is pledged, nor to object to the payment by the Treasury Savings Bank of the whole or part of the principal or interest to such officer on his claiming it.
Note.-
Requisitions from Chitty Registrars under the chitty Rules for the time being in force, prohibition. drawals from savings bank accounts of Chitty For who have pledged their savings bank account as security for the proper conduct of chitties be complied with and the security amount in accounts shall not be disbursed except with the sanction of the Chitty registrars or a competent court.
(f) In the form of declaration which every intending depositor is required to sign, the words “I further declare I have no account opened by me on my own behalf at any Tre. Savings Bank” should be scored through in the case security deposit account.
(g) The application for transfer of a security den should be countersigned by the pledgee.
(h) When the security is released, the pledgee she return to the depositor the pass book with a release (Form 31) and ask him to present it at the Treasury closing the account. If on account of the death of the den or any other cause, the pledgee is unable to follow above procedure, the release notice should be published in Government Gazette and he should take steps to close the accounts by transferring the balance of the account to the Revenue Deposit. When a security is released a copy of the release notice should be forwarded to the Treasury officer for closure. If a security is under court attachment it should still be released like other securities within one year allowed by the Rules after the pledge has realised the liabilities, if any; due to Government from the security amount, and the money attached should be transferred to the court concerned or transferred by adjustment at the Treasury to the credit of the deposit account of the court as may be convenient. Release notice should be issued and the pass book returned to the depositor only if there is any balance left. out of the attachment order of the court. Security amount after meeting the Government dues and the
(i). No interest will accrue on security deposits from he first of the month in which notice of release is served on he depositor by the officer to whom the account is pledged. A copy of the notice should always be furnished to the treasury Officer
Note.--1. Issue of notice by registered post to the depositor's address last furnished to the Treasury by him shall be deemed to be proper service of notice of release.
Note.-2. The fact that a security deposit is attached by a civil court does not dispense with the necessity of the pledge o's issuing a release notice, as any payment can be made only after all dues to Government are realised. 54. In the case of final withdrawal after release of a security personal appearance of the depositor at the Treasury to receive payment may be dispensed with and payment arranged cither by postal money order or by bank draft as provided under Note 1 to Rule 36. They may also receive payment through authorised agents. However, proper identification of the payee along with his signature duly attested will have to be furnished to the Treasury in respect of such payments.
55. If at the time of a withdrawal or final closure of a security account there is change of operator due to change of incumbency or office bearer, the specimen signature of the new incumbent or office bearer should be forwarded to the Treasury Officer duly attested by a person, to the satisfaction of the Treasury Officer along with a copy of the resolution or any other similar document in support of the above change. In the case of firms outside the State the signature should be attested by the agent of a scheduled bank or by a Notary Public, duly affixing the office seal.
56. Persons already having an ordinary savings bank account may offer the same as security by surrendering the pass book to the pledgee along with an agreement binding himself not to withdraw the money without the sanction o the Pledgee and authorising the savings bank to pay the monitor the pledgee if required. In such cases, requisitions from the pledgee prohibiting withdrawals from Savings Bank Account shall be complied with by the Treasury Officers and th amount in such accounts shall not be disbursed except wit the written sanction of the pledgee or of a competent civ court. After release of the security the depositor may continue to operate the account.
57. Fixed Deposit Accounts. The following provision govern the opening of fixed deposit accounts in the treasury Savings Bank:
(1) Facility for fixed deposits will be available individuals and institutions (Form 39).
(2) Local Bodies, devaswom, Co-operative society Government Owned Companies and Corporations may den their surplus funds not required for immediate use and reserve funds in fixed deposits.
(3) Deposits should be for Rs. 100 or its multiples.
Exception.- Local Bodies, Devaswom, Co-operative Society Government Owned Companies and other Stats Bodies, Presiding Officer of courts, office bearer of Government or quasi-Government institutes religious Institutions, Charitable institutions the fund constituted by Government are exempted from the operation of the above rule.
(4) The term of such deposits shall not be for a period of than one year.
(GO.(P) No. 568/81/Fin., dated 1-9-1981).
(5) Fixed deposits should be treated as separate savings bank accounts.
(6) Fixed deposit can be opened on production of an and a specimen signature in the prescribed application form form (Form 38). Personal appearance of the depositor is not compulsory for the opening of fixed deposit accounts.
(7) Interest will be allowed at the following rate :
One year deposit 6 per cent p. a.
Two years deposit 6 1/2 per cent p.a.
Three years and above .. 7 per cent p. a.
(8) At the close of the period of the deposit, the depositors may either withdraw the amount with interest or renew it for a further period when a further declaration must be the expiry of the period of deposit: furnished. Deposit will cease to bear interest from the date following
Provided that a fixed deposit pledged to any Government Officer as security, shall be withdraw only after the pledge is released and such deposit will continue to bear interest. But the rate of interest payable for the period for which the deposit will be necessitated to be retained as security beyond the close of the period of deposit originally contemplated at the time of deposit, will be at the rate then applicable for the period so extended till, the date of service of the notice releasing the pledge, treating the deposit as a fresh deposit for the purpose of payment of interest, till the date of service of the notice Leasing the pledge, provided further, that service of notice releasing the pledge before the close of the period of deposit shall not entitle the depositor to withdraw the amount before the close of the period of deposit originally fixed except under sub-rule (12).
[GO. (P) 805781/Fin., dated 28th November 1981).
* Note.-1. In the case of fixed deposits which have already matured, but not paid till the 28th November, 1981, due to the delay in service of release notice, the extended period of deposit for the purpose of this rule shall be reckoned from the date on which the principal amount of such fixed deposit would have normally been paid but for the delay in service of the
release notice.
Note.-2. In the case of fixed deposit in respect of which the release notice is served within one year after the date of maturity, interest at the rates applicable to ordinary Savings Bank, shall be allowed for the extended ofo period of deposit i.e., from the date on which the principal amount of such fixed deposits would have normally been paid but for the delay in the service of release notice, to the date on which such release notice is
actually served.
(9) It will be open for the depositors to get the interest accrued on fixed deposit transferred to their savings bank accounts or personal ledger account or in cash if the deposit applies (Form 41). The Treasury/Sub Treasury Officer will arrange for the transfer of interest on written request from the depositor in the following form:
02.A senior citizen invested Two lakhs in treasury fixed deposit for two years on 10-11-2014 interest rate is :
(A) 8.75%
(B) 9%
(C) 9.5%
(D) 9.25%
ANSWER:-(D) 9.25%
03. Which of the following is not a Treasury Account:
(A) Fixed Deposit Account
(B) Security Deposit Account
(C) PD Account
(D) None
ANSWER:- (D) None
15..A Treasury Savings Bank Account can be opened by:
(A) Government servant
(B) Head of office
(C) Service pensioner
(D) Any of the above
ANSWER: (D) Any of the above
16. Withdrawals from treasury security accounts opened by contractors are permitted through:
(A) Cheque leaves supplied from treasury
(B) Withdrawal forms supplied from treasury
(C) Miscellaneous bill form TR 42
(D) Bills for works in TR 62
ANSWER:- (B) Withdrawal forms supplied from treasury
17. Among the following the one item exempted from the stamped acquittance is :
(A) Final payment from G.P.F. Two lakhs
(B) Earnest Money Deposit repayment 8,000
(C) House Construction Advance Five Lakhs
(D) Treasury Fixed Deposit One lakh
ANSWER:-(D) Treasury Fixed Deposit One lakh
Application to open a treasury savings bank A/c is in Form No ______.
ReplyDeleteA:-SB Form No. 6
B:-SB Form No. 3
C:-SB Form No. 1
D:-SB Form No. 4
Correct Answer:- Option-C
A Development Authority controlled by the State Govt., has opened a TSB Account in a treasury exclusively for the operation of Provident Fund of its employees. The treasury allowed interest applicable to SB A/c only for the accumulations in this account. Comment:
ReplyDelete(A) No interest is allowable
(B) Interest at the rate applicable to General Provident Fund sanctioned by Govt. to its employees from time to time is payable
(C) Interest as applicable to fixed deposits is payable
(D) None of these
Correct Answer:-Option: (B)
-_________ is permitted on TSB account during the month of March. A:-Withdrawal
ReplyDeleteB:-Deposit
C:-Transfer
D:-No transfer
Correct Answer:- Option-D
TSB account should not be transferred after the death of depositor is specified in which rule?
ReplyDeleteA:-TSB rules 42
B:-TSB rules 34
C:-TSB rules 33
D:-TSB rules 35
Correct Answer:- Option-B
Application to open a treasury savings bank A/c is in Form No ______. A:-SB Form No. 6
DeleteB:-SB Form No. 3
C:-SB Form No. 1
D:-SB Form No. 4
Correct Answer:- Option-C
Accounts in respect of which no transactions have taken place for __________ complete financial years and more will be treated as un operated.
ReplyDeleteA:-5
B:-4
C:-3
D:-2
Correct Answer:- Option-A
Treasury savings bank accounts ordered to be closed will not be transferred in rule
ReplyDeleteA:-TSB Rule 34
B:-TSB Rule 35
C:-TSB Rule 33
D:-TSB Rule 32
Correct Answer:- Option-C
Treasury savings bank account should not be transferred after the death of the depositer as per rule _______
ReplyDeleteA:-TSB Rule 35 of KTC Vol II
B:-TSB Rule 33 of KTC Vol II
C:-TSB Rule 32 of KTC Vol II
D:-TSB Rule 34 of KTC Vol II
Correct Answer:- Option-D
TSB account should not be transferred after the death of depositor
ReplyDeleteA:-TSB Rule 34
B:-TSB Rule 35
C:-TSB Rule 32
D:-TSB Rule 33
Correct Answer:- Option-A
TSB account should not be transferred after the death of depositor is specified in which rule?
ReplyDeleteA:-TSB rules 42
B:-TSB rules 34
C:-TSB rules 33
D:-TSB rules 35
Correct Answer:- Option-B
_________ is permitted on a TSB account during the month of March. A:-Withdrawal
ReplyDeleteB:-Deposit
C:-Transfer
D:-No transfer
Correct Answer:- Option-D
TSB Rule relating to the transfer of TSB account after the death of depositor
ReplyDeleteA:-34
B:-33
C:-32
D:-35
Correct Answer:- Option-A
As per Rule _________ appendix 3 KTC Vol II personal appearance is not compulsory for opening of a Fixed Deposit account.
ReplyDeleteA:-57(4)
B:-57(6)
C:-57(5)
D:-57(7)
Correct Answer:- Option-B
The minimum period of Treasury Fixed Deposit is _________.
ReplyDeleteA:-120 days
B:-180 days
C:-One year
D:-Two years
Correct Answer:- Option-B
No _________ is permitted on TSB account during the month of March.
ReplyDeleteA:-Transfer
B:-Deposit
C:-Withdrawal
D:-Closure
Correct Answer:- Option-A
The TSB account __________ be transferred after the death of deposi tor.
ReplyDeleteA:-Should
B:-Should not
C:-Can
D:-Will automatically
Correct Answer:- Option-B
Initial deposit for opening TSB account
ReplyDeleteA:-Not less than Rs. 50
B:-Not less than Rs. 200
C:-Not less than Rs. 100
D:-Not less than Rs. 500
Correct Answer:- Option-C
TSB accounts in respect of which no transaction has taken place for __________ complete financial year or more will be treated as unoperated accounts.
ReplyDeleteA:-1
B:-2
C:-4
D:-5
Correct Answer:- Option-D
As per __________ no treasury account will be transferred during the month of March.
ReplyDeleteA:-TSB Rule 32
B:-TSB Rule 33
C:-TSB Rule 34
D:-TSB Rule 35
Correct Answer:- Option-A
T.S.B. account ordered to be closed will not be transferred
ReplyDeleteA:-TSB Rules 31
B:-TSB Rules 32
C:-TSB Rules 34
D:-TSB Rules 33
Correct Answer:- Option-D
Application to open a treasury savings bank A/c is in Form No ______. A:-SB Form No. 6
ReplyDeleteB:-SB Form No. 3
C:-SB Form No. 1
D:-SB Form No. 4
Correct Answer:- Option-C
When will the rate of interest on fixed deposit is reduced to the interest at the rate applicable to TSB Account
ReplyDeleteA:-After 3 years
B:-From the date of maturity till the date of closure
C:-After 5 years
D:-After one year
Correct Answer:- Option-B
For pre-nature closure of fixed deposits, the rate of interest applicable for its period for which the amount remained in the treasury is reduced by
ReplyDeleteA:-` (1)/(2)`%
B:- 2%
C:- 1%
D:-` (1)/(4)`%
Correct Answer:- Option-C
The interest rate on fixed deposits from 1.5.2015 for 3 years and above is
ReplyDeleteA:-8%
B:-7.5%
C:-9.5%
D:-9%
Correct Answer:- Option-D
No TSB account will be transferred during the month of March. Specify the rule
ReplyDeleteA:-TSB Rule 33
B:-TSB Rule 32
C:-TSB Rule 34
D:-TSB Rule 35
Correct Answer:- Option-B
Which is the rule for TSB Account opened in the name of minor should not be transferred after the minor attaining majority?
ReplyDeleteA:-TSB Rule 35
B:-TSB Rule 34
C:-TSB Rule 31
D:-TSB Rule 33
Correct Answer:- Option-A
Repayment of earnest money deposit shall be made on the _______ chalan receipt which treasury issued.
ReplyDeleteA:-Original
B:-Duplicate
C:-MOTO stat
D:-Triplicate
Correct Answer:- Option-A
The person or office on which draft is drawn is called
ReplyDeleteA:-Drawer
B:-Payee
C:-Remitter
D:-Drawee
Correct Answer:- Option-D
Interest on TSB Account opened on behalf of a minor cease to accrue from the 1st day of the month after that in which the minor attains the age of
ReplyDeleteA:-18 years
B:-21 years
C:-17 years
D:-50 years
Correct Answer:- Option-A
TSB account opened in the name of a minor ____________ be transferred after the minor attaining majority as per Rule 35 of TSB Rules.
ReplyDeleteA:-will automatically
B:-should
C:-should not
D:-can
Correct Answer:- Option-C
Interest on premature closure of treasury fixed deposits will be the rate applicable for its period for which the amount remained in the treasury reduced by
ReplyDeleteA:-1%
B:-2%
C:-2.5%
D:-3%
Correct Answer:- Option-A
The rate of interest on Treasury fixed deposit, deposited for a term of one year and above, w.e.f 01/11/2018 is
ReplyDeleteA:-8% for general and 8.5% for senior citizens
B:-6.5% for general and 7.5% for senior citizens
C:-6% for general and 7% for senior citizens
D:-none of the above
Correct Answer:- Option-A
The transfer of savings bank account will not be done in the month of:
ReplyDelete(A) January
(B) February
(C) March
(D) April
ANSWER:-(B) February (C) March
In the case of final withdrawal after release of a security,payments can be effected without personal appearance of depositor:
ReplyDelete(A) by postal money order
(B) by bank draft
(C) through authorised agent
(D) all of the above
ANSWER:-(D) all of the above
The guardians and wards Act came into force in the year:
ReplyDelete(A) 1890
(B) 1898
(C) 1852
(D) 1885
ANSWER:-(A) 1890
Money deposited on behalf of a lunatic in a Savings Bank Account in a treasury can be withdrawn only by his:
ReplyDelete(A) Manager or guardian appointed by a court of law
(B) Medical officer-in-charges of mental hospital on behalf of the patient
(C) Either (A) or (B) above
(D) None of the above
ANSWER:-(C) Either (A) or (B) above
Minimum running balance of a treasury savings bank
ReplyDeleteis: (A) 10
(B) 1,000
(C) 500
(D) 100
ANSWER:-(D) 100
No Treasury Savings Bank Account is transferred during the month of:
ReplyDelete(A) April
(B) March
(C) December
(D) January
ANSWER:-(B) March
Application for closure of Savings Bank Account of a minor depositor on attaining of age 18, is countersigned by:
ReplyDelete(A) Treasury Officer
(B) Another Depositor
(C) Gazetted Officer
(D) The Guardian
ANSWER”-(D) The Guardian
Rule regulating transaction under Treasury Savings Bank is described in which appendix of KTC volume II :
ReplyDelete(A) Appendix 5
(B) Appendix 4
(C) Appendix 3
(D) Appendix 2
ANSWER:-(C) Appendix 3
A Treasury SB account is treated un-operated if there is no transaction for more than financial years.
ReplyDelete(A) 1
(B) 2
(C) 4
(D) 5
ANSWER:-(D) 5
Treasury Savings Bank Account shall not be transferred during the month of:
ReplyDelete(A) January
(B) March
(C) April
(D) December
ANSWER:- (B) March
Accounts in respect of which no transactions have taken place for _________ complete financial years and more will be treated as un operated.
ReplyDeleteA:-5
B:-4
C:-3
D:-2
Correct Answer:- Option-A
Pick out the wrong statement
ReplyDeleteA:-Fixed deposits should be treated as separate savings bank accounts
B:-Fixed deposits can be opened on production of an application form and specimen signature in the prescribed form
C:-Personal appearance of the depositor is compulsory for the opening of fixed deposit
D:-All the above 3 statements are false
Correct Answer:- Option-C
The protective endorsement ‘’under’’ followed by a amount a little larger than the amount to be drawn need not be insisted in respect of _________.
ReplyDeleteA:-Treasury Savings Bank cheques
B:-Refund Bill of EMD
C:-Refund Bill of revenue
D:-None of the above
Correct Answer:- Option-A
Rules regarding nomination by depositors for deposits in Savings Bank shall be dealt with
ReplyDeleteA:-Treasury saving Bank Rules 1973
B:-Government Savings Bank Act 1873
C:-Agreement with RBI in 1952
D:-All of these
Correct Answer:- Option-B
Interest on pre-mature closure of treasury fixed deposits will be the rate applicable for its period for which the amount remained in the treasury reduced by
ReplyDeleteA:-1%
B:-2%
C:-2.5%
D:-3%
Correct Answer:- Option-A
TSB Rule relating to the transfer of TSB account after the death of depositor
ReplyDeleteA:-34
B:-33
C:-32
D:-35
Correct Answer:- Option-A
The minimum period of Treasury Fixed Deposit is _________. A:-120 days
ReplyDeleteB:-180 days
C:-One year
D:-Two years
Correct Answer:- Option-B
No _________ is permitted on TSB account during the month of March.
ReplyDeleteA:-Transfer
B:-Deposit
C:-Withdrawal
D:-Closure
Correct Answer:- Option-A
Treasury savings bank accounts ordered to be closed will not be transferred in rule
ReplyDeleteA:-TSB Rule 34
B:-TSB Rule 35
C:-TSB Rule 33
D:-TSB Rule 32
Correct Answer:- Option-C
Treasury savings bank account should not be transferred after the death of the depositer as per rule _______
ReplyDeleteA:-TSB Rule 35 of KTC Vol II
B:-TSB Rule 33 of KTC Vol II
C:-TSB Rule 32 of KTC Vol II
D:-TSB Rule 34 of KTC Vol II
Correct Answer:- Option-D
Personal appearance of the applicant is ________ for opening a fixed deposit account in the treasury.
ReplyDeleteA:-Compulsory
B:-Necessary
C:-Not compulsory
D:-Must
Correct Answer:- Option-C
How many treasury fixed deposit accounts can be opened in treasury by an individual?
ReplyDeleteA:-One
B:-Twenty
C:-Fifty
D:-Any number
Correct Answer:- Option-D
When will the higher rate of interest on fixed deposits cease to accrue?
ReplyDeleteA:-From the date of maturity
B:-From the third year
C:-After one year
D:-After 6 months
Correct Answer:- Option-A
When will the rate of interest on fixed deposit is reduced to the interest at the rate applicable to TSB Account
ReplyDeleteA:-After 3 years
B:-From the date of maturity till the date of closure
C:-After 5 years
D:-After one year
Correct Answer:- Option-B
For pre-nature closure of fixed deposits, the rate of interest applicable for its period for which the amount remained in the treasury is reduced by
ReplyDeleteA:-`(1)/(2)`%
B:-2%
C:-1%
D:-`(1)/(4)`%
Correct Answer:- Option-C
The interest rate on fixed deposits from 1.5.2015 for 3 years and above is
ReplyDeleteA:-8%
B:-7.5%
C:-9.5%
D:-9%
Correct Answer:- Option-D
WEF 01.02.2021
DeleteThe revised rate card classifies deposits above 366 days into two. Interest for deposits between 366 days and two years is 6.40 per cent and those above two years 7.50 per cent. The new interest rate for deposits between 181 and 365 days is 5.90 per cent as against the previous 8 per cent. The rate for deposits between 91 and 180 days has come down from 7.25 per cent to 5.90 per cent and those between 46 and 90 days slashed from 6.50 per cent to 5.40 per cent.
Interest on TSB Account opened on behalf of a minor cease to accrue from the 1st day of the month after that in which the minor attains the age of
ReplyDeleteA:-18 years
B:-21 years
C:-17 years
D:-50 years
Correct Answer:- Option-A
A ledger is maintained in each treasury in savings bank transaction in form number
ReplyDeleteA:-10
B:-11
C:-13
D:-15
Correct Answer:- Option-A
Minimum running balance of a treasury savings bank account is rupees.
ReplyDeleteA:-100
B:-500
C:-1000
D:-None of these
Correct Answer:- Option-A
The transfer of Treasury Savings Bank account to another treasury will not be done in the month of
ReplyDeleteA:-January
B:-December
C:-April
D:-March
Correct Answer:- Option-D
The period of currency of a treasury savings bank cheque after its date of issue?
ReplyDeleteA:-6 months
B:-1 month
C:-3 months
D:-4 months
Correct Answer:- Option-C
Treasury savings bank account in which no transaction has taken place for ________ complete financial years and more are treated as unoperated accounts.
ReplyDeleteA:-Ten
B:-Five
C:-Three
D:-Twenty
Correct Answer:- Option-B
The deposit of money in the bank shall be governed by the terms of the agreement made between the Government and the bank under section _________ of Bank of India Act 1934.
ReplyDeleteA:-20
B:-21
C:-22
D:-None of these
Correct Answer:- Option-B
_________ is permitted on TSB account during the month of March. A:-Withdrawal
ReplyDeleteB:-Deposit
C:-Transfer
D:-No transfer
Correct Answer:- Option-D
Treasury savings bank accounts ordered to be closed will not be transferred in rule
ReplyDeleteA:-TSB Rule 34
B:-TSB Rule 35
C:-TSB Rule 33
D:-TSB Rule 32
Correct Answer:- Option-C
Treasury savings bank account should not be transferred after the death of the depositer as per rule _______
ReplyDeleteA:-TSB Rule 35 of KTC Vol II
B:-TSB Rule 33 of KTC Vol II
C:-TSB Rule 32 of KTC Vol II
D:-TSB Rule 34 of KTC Vol II
Correct Answer:- Option- D:-TSB Rule 34 of KTC Vol II
No _________ is permitted on TSB account during the month of March.
ReplyDeleteA:-Transfer
B:-Deposit
C:-Withdrawal
D:-Closure
Correct Answer:- Option-A
Minimum period of treasury fixed deposit is
ReplyDeleteA:-150 days
B:-180 days
C:-120 days
D:-30 days
Correct Answer:- Option-B
Treasury Savings Bank Account in which no transaction has been taken for ______ years are treated as unoperated accounts.
ReplyDeleteA:-10 years
B:-5 years
C:-3 years
D:-2 years
Correct Answer:- Option-B
Can treasury fixed deposit be transferred to family member before it's maturity period?
ReplyDeleteTSB accounts in respect of which no transaction has been taken place for __________ complete financial year or more will be treated as unoperated accounts.
ReplyDeleteA:-1
B:-2
C:-4
D:-5
Correct Answer:- Option-D
Pay-in-slip is the form issued to make deposits to the
ReplyDeleteA:-Savings bank account
B:-Fixed Deposit
C:-Term deposit
D:-Security Deposit
Correct Answer:- Option-A
Initial deposit for opening TSB account
ReplyDeleteA:-Not less than Rs. 50
B:-Not less than Rs. 200
C:-Not less than Rs. 100
D:-Not less than Rs. 500
Correct Answer:- Option-C
As per Rule _________ appendix 3 KTC Vol II personal appearance is not compulsory for opening of a Fixed Deposit account.
ReplyDeleteA:-57(4)
B:-57(6)
C:-57(5)
D:-57(7)
Correct Answer:- Option-B
Rules regarding nomination by depositors for deposits in Savings Bank shall be dealt with
ReplyDeleteA:-Treasury saving Bank Rules 1973
B:-Government Savings Bank Act 1873
C:-Agreement with RBI in 1952
D:-All of these
Correct Answer:- Option-B