1. Short title.—This Act may be called the Post Office Cash Certificates Act, 1917.
2. Prohibition of transfer of Post Office 5-year Cash Certificates without the consent
of an authorised officer.—(1) Notwithstanding any provision in any enactment or any rule of
law for the time being in force to the contrary, no transfer (whether made before or after the
commencement of this Act) of a Post Office 5-year Cash Certificate shall be valid without the
previous consent in writing of 2
[an officer of the Post Office authorised by general or special
order of the Central Government in that behalf].
(2) In this section “transfer” means a transfer infer vivos and does not include a transfer by operation
of law.
3. Payment on death of holder of Post Office 5-year Cash Certificate.—(1) If a person dies
and is at the time of his death the holder of a Post Office 5-year Cash Certificate, payment of the
sum for the time being due on such certificate may be made in the manner provided in the
Government Savings Banks Act, 1873 (5 of 1873), for the payment of deposits belonging to the
estates of deceased persons, and the provisions of sections 4 to 9 of the said Act shall apply
accordingly as if the holder of such certificate were a depositor in a Government Savings Bank
and the sum for the time being due on such certificate were a deposit in such a Bank 3
[and as if
for the words “three thousand” in 4
[section 8] of the said Act the words “five thousand” were
substituted]:
Provided that the powers conferred by the said provisions on the Secretary of a Government
Savings Bank shall be exercisable by the Post Master General for the area within which the post
office of issue of such certificate is situate 5
[or if that area is in Pakistan, by the Post Master
General for such area in India as the Central Government may by general or special order specify
in this behalf]:
1. This Act has been extended to Bern by the Berar Laws Act, 1941.(4 of 1941) and has been declared to be in force
in the Khondmals District by the Khondmals Laws Regulation. 1936 (4 of 1936), s. 3 and Sch,; and in the Angul
District by the Angul Laws Regulation. 1936 (5 of 1936), s. 3 and Sch. It has also been applied to Porahat Estate
in the district•of Singhbhum by the Porahat Estate Laws Regulation, 1945 (Bihar Reg. 1 of 1945).
This Act has been extended with effect from 1-9-1962 to the Union territory of Goa, Daman and Diu, vide
Notification No. S.O. 2734, dated 1-9-1962, see Gazette of India. Extraordinary. Pt. II. s. 3(ii), p. 1991.
It has been extended and brought into force in Dadra and Nagar Haveli by Reg. 6 of 1963, s. 2 and Sch. I and
comes into force in Pondicherry on 1-10-1963 vide Reg. 7 of 1963. s. 3 and Sch. I.
2. Subs. by Act 32 of 1920, s. 2, for certain words.
3. Ins. by s. 3, ibid.
4. Subs. by Act 2 of 1943, s. 3, for “sections 4 and 8”.
5. Ins. by the A.O. 1948.
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Provided further that, where in any one case payment is to be made of certificates issued
from more post offices than one, the said powers shall be exercisable by the Post Master General
for the area in which any of the said post offices is situate.
(2) Nothing in sub-section (1) shall be deemed to require any person to accept payment of
the amount due on a Post Office 5-year Cash Certificate before the same has reached maturity