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Can SCSS account be transferred from one deposit office to other?

April 26, 2017account deposit Office scss transferred

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Can SCSS account be transferred from one deposit office to other?

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Ans : A depositor may apply enclosing the pass book thereto for transfer of his account from one deposit office to another provided that where deposit is Rs.1 lakh or above transfer fee of Rs.5/- per lakh on deposit for the first transfer and Rs.10/- per lakh of the deposit for the 2nd and subsequent transfers shall be payable by the depositor.