A HUF sought interest on its National Savings Scheme 1987 deposit beyond 31.12.2005 after receiving a maturity cheque of Rs.1,27,644/-. The court held that under the amended Post Office Savings Account Rules 1981, non-individual accounts do not earn interest after that date, and dismissed the writ petition.
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GAHC010112872025
2026:GAU-AS:3599
THE GAUHATI HIGH COURT (HIGH COURT OF ASSAM, NAGALAND, MIZORAM AND ARUNACHAL PRADESH)
Case No. : WP(C)/3123/2025
MS BHAGWAN DAS BAGRI AND SONS
A HINDU UNDIVIDED FAMILY(HUF), HAVING ITS REGISTERED OFFICE AT GAUHATI ROLLER FLOUR MILL LTD., G.S ROAD, P.O. AND P.S. DISPUR, DISTRICT- KAMRUP (M), ASSAM. REPRESENTED BY ITS KARTA SRI BHAGWAN DAS BAGRI SON OF LATE KISTUR CHAND BAGRI RESIDENT OF GAUHHATI FLOUR MILLSLTD, G.S ROAD, P.O AND P.S- DISPUR, KAMRUP METRO, ASSAM, PIN-781005
VERSUS
UNION OF INDIA AND OTHRS REPRESENTED BY THE SECRETARY TO THE GOVERNMENT OF INDIA DEPARTMENT OF POSTS, MINISTRY OF COMMUNICATIONS DAK BHAWAN, SANSAD MARG NEW DELHI 110001
2:THE CHIEF POSTMASTER GENERAL Assam Circle Meghdoot Bhawan Guwahati-1
3:THE POSTMASTER GENERAL Assam Circle Meghdoot Bhawan Guwahati-1
4:THE SENIOR POSTMASTER GENERAL Assam Circle Meghdoot Bhawan Guwahati-1
5:THE DEPUTY POSTMASTER Assam Circle
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Meghdoot Bhawan Guwahati-1
6:THE POST MASTER Paltan Bazar Post office Guwahat
B E F O R E
HON’BLE MR. JUSTICE DEVASHIS BARUAH
Advocates for the petitioner(s) : Mr. RS Mishra
Advocates for the respondent(s) : Mr. SK Medhi
Central Govt. Counsel
Date on which Judgment is reserved : NA
Date of Pronouncement of Judgment : 11.03.2026
Whether the Pronouncement is of the : NA Operative Part of the Judgment
Whether the Full Judgment has been : Yes Pronounced
JUDGMENT & ORDER (ORAL)
Heard Mr. RS Mishra, the learned counsel appearing on behalf of the petitioners. I have also heard Mr. SK Medhi, the learned CGC, who appears on
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behalf of the respondents.
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being aggrieved by the amount disbursed as the petitioner claimed to be entitled for more amount.
“7. That, with regard 10 the statement made in Paragraph No.4 of the writ petition, the dependent begs to state that since the NSS 1987 scheme was discontinued w.e.f. 01.10.1992, KYC updation is not required and as per Gazette of India Notification dtd 27/07/2005, G.S.R.509(E), 2(ii) (a), interest is only entitled will 31.12.2005. However, payment as admissible under the said Govt. rule, payment was affected vide Cheque No.084112 dated 16.12.2024 for Rs.1,27,6441- (Rupees One Lacs
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Twenty Seven Thousand Six Hundred Forty Four only) after deducting TDS (Tax Deducted at Source) for Rs.14,183/-. Details of the principal and interest payment are furnished below :-
Principal 30000.00
Interest 111827.00
Total 141827.00
Net Total: 1,27,644/-“
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the writ petition stands dismissed.
JUDGE
Comparing Assistant
1 issue framed by the court
Whether a HUF account under the National Savings Scheme 1987 was entitled to interest beyond 31.12.2005.
2 provisions across 2 enactments
MS Bhagwan Das Bagri and Sons (HUF)
Union of India
The Chief Postmaster General, Assam Circle
The Postmaster General, Assam Circle
The Senior Postmaster General, Assam Circle
The Deputy Postmaster, Assam Circle
Devashis Baruah
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
