Post office guide part i - India Post

conditions given in rules 9 and 24-A of Savings Certificates, Rules 1960 and Post Office
Savings Bank Rules, 1981 respectively.
EXCEPTION 3 :
Cheques drawn by any of the following in his/its official capacity on Reserve Bank or State
Bank of India or any other bank having clearing account with Reserve Bank or State bank
may be accepted without a Bank guarantee in all Postal transactions provided such cheques
are otherwise in order.
(a) Govt. Departments/Offices (including States).
(b) Indian Universities constituted under an act of a State/Central Govt.
(c) President or Chairman of a District, Municipal and Local Board.
(d) Manager of an Estate under the control of court of wards.
(e) Units of Life Insurance Corporation.
(f) Offices of Employees State Insurance Corporation.
(g) Offices of the Indian Oil Corporation.
(h) Semi -Government/Local Self-Government undertakings.
(i) Scheduled Banks.
(j) Foreign Missions.
(b) If any firm or individual who wish to make use of the system of payment by means of
cheques at the post offices in connection with Postal transactions is unable to produce the
guarantee referred to in clause (a) iii) of this rule, they will be given to option of requiring an
approved local bank to draw on behalf of the firm or individual its own pay orders or cheques
either on itself or on some other approved local bank in favour of the Postal Department and a
specimen signature of the bank’s officer who draws such a cheque or pay order should be
furnished to the post office where the cheque or pay order is likely to be presented in good time
preferably a week before the actual relative transaction takes place to enable the post office to have
the genuiness of the signature of the bank’s officer verified by a responsible official of the post
office and kept on record. The post office accepts no responsibility for delay in the issue of such
money orders (ordinary or telegraphic) and will not deliver V.P. parcels or letters charged with
customs duty until the cheque or pay order is cleared.
SPECIMEN FORM OF GUARANTEE
To,
The Postmaster,
……………….. Post office.