IREC Rule No.946: Annual Statement Of Account

946.  Annual Statement Of Account:-

(1)   As soon as possible after the close of each year the Accounts Officer shall send to each subscriber a statement of his account in the fund showing the opening balance at the beginning of the year, the total amount credited or debited during the year, the total amount of interest credited at the end of the year, and closing balance at the end of the year.

(2)   The Accounts Officer shall attach to the statement of account an enquiry whether the subscriber desires to make any alteration in any nomination made under Rule 941 or under the corresponding rule heretofore in force.

(3)   Subscribers should satisfy themselves as to the correctness of the annual statement, and errors should be brought to the notice of the Accounts Officer within three months of the receipt of the statement.

(4)   The Accounts Officer shall, if required by the subscriber inform him not more than once a year, of the total amount standing to his credit in the fund at the end of the last month for which his account has been written up.

[Authority: No.F(P)65 PF-1/14, 25.01.1968 (A/cs 248-RI, 25.1.1968]