Wednesday 18 January 2023

Nomination in Post Offices - GSPR 2018

 Nomination in Post Offices - GSPR 2018

 As per GSPR - Government Savings Promotion General Rules 2018

  • Nomination is mandatory for all types of accounts.
  • Maximum four individuals can be nominated.
  • If nominee is a minor, the depositor to authorize an appointee.
  • Nomination can be varied by the depositor any time before the maturity of the account.
Nomination stands cancelled on:

i. death of all the nominee,

ii. transfer of the account as security (pledging)

If depositor is illiterate, attestation by two witnesses is required while making/altering nomination. No witness is necessary for literate depositors.


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