REGD NO. D.L-33004/99

The Gazette of India

EXTRAORDINARY

PART II—Section 3—Sub-section (i)

PUBLISHED BY AUTHORITY

No. 94]

NEW DELHI, THURSDAY, MARCH 1, 2001/PHALGUNA10, 1922

644 GI/2001

(1)

2

THE GAZETTE OF INDIA EXTRAORDINARY

[PARTII—Sfcc 3(I)1

MINETRYOFFINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 1st March, 2001

G.S.R.1SKE).— in exercise of the powers conferred by section 15 of the

Government Savings Banks Act, 1873 (5 of 1873), the Central Government

hereby makes the following rules further to amend the Post Office Time Deposit

Rules, 1981, namely :-

1.

(1)

These rules may be called the Post Office Time Deposit

(Amendment) Rules, 2001.

(2)

They shall come into force on the date of their publication in the

Official Gazette.

2.

In the Post Office Time Deposit Rules, 1981, in rule 7,-

(a) under Table-N,

for the brackets, words, figures and letters, "(For

deposits made on or after 15^th January, 2000)", the brackets, words, figures

and letters, "(For deposits made on or after 15^th January, 2000 but before

1

st March, 2001)" shall be substituted;

(b) after Table-N, the following Table shall be inserted, namely:-

"Table-0

[For deposits made on or after 1^st March, 2001]

Period of deposit

1 year

2 years

3 years

5 years

Rate of interest per annum

7.5

per cent.

8

per cent.

9

per cent.

9

per cent.";

3

(c)

in the Notes, in paragraph (2), for the word and letter, "Table N", the

words and letters "Table N or Table 0" shall be substituted.

[F. No. 18-3/2OOO-NS-11]

SURYA MAITI, Under Secy.

Note:-The principal rules were published vide GSR 664 (E), dated the 17^th

December, 1981 and amended vide GSR 300 (E), dated the 1^st April, 1984, GSR

418(E), dated the 10^th May, 1985, GSR 193(E), dated the 12^th February, 1986,

GSR 362(E), dated the 21^st April, 1987, GSR 1005 (E), dated the 23^rd December,

1987, GSR 353 (E), dated the 18^th March, 1988, GSR 507(E), dated the 23^rd May,

1990, GSR 191(E), dated the 27^th March, 1991, GSR 580 (E), dated the 12*

September, 1991, GSR 727 (E), dated the 6^th December, 1991, GSR 431(E),

dated the 24^th April, 1992, GSR 586 (E), dated the 2^nd September, 1993, GSR

3(E), dated the 1^st January, 1999 and GSR 43(E), dated the 15^th January, 2000.

4

THE GAZETTE OF INDIA EXTRAORDINARY

[PART II—SH 3(I)|

NOTIFICATION

New Delhi, the 1st March. 2001

G.S.R152(E).—in exercise of the powers conferred by section 15 of the

Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby

makes the following rules further to amend the Post Office Recurring Deposit Rules,

1981, namely:-

1.

(1)

These rules may be called the Post Office Recurring Deposit

(Amendment) Rules, 2001.

(2)

They shall come into force on the date of their publication in the

Official Gazette.

2.

In the Post Office Recurring Deposit Rules, 1981, in rule 9,-

(a) in sub-rule (l)in clause (a), in the Schedule, for the last item and the

entries relating thereto, the following items and entries shall be substituted,

namely:-

"From 15.1.2000 to 28.2.2001 (both dates inclusive) ...789.60

From 1.3.2001 onwards

...758.53";

(b)

in sub-rule (2) in clause (a), in the Schedule, for the last item and

the entries relating thereto, the following items and entries shall be

substituted, namely:-

"From 15.1.2000 to 28.2.2001 (both the dates inclusive)

...789.60

From 1.3.2001 onwards

...758.53 .".

IF No 18-V2000-NS-II]

SURYA MAITI, Under Secy

Note.-

The principal rules were published vide GSR 666(E), dated the 17^th

December, 1981 and amended vide GSR 301(E), dated the 1^st April, 1982 GSR

258CE), dated the 11^th March, 1983, GSR 62(E), dated the 14^th February, 1984 GSR

95(E), dated the 7^th February, 1986, GSR 194(E), dated the 13^th February 1986

GSR 363(E), dated the 1^st April, 1987, GSR 39(E), dated 16^th the January, 1988 GSR

458(E), dated the 15^th April, 1988, GSR 708(E), dated the 21^st July 1989'GSR

16(E), dated the 9^th January, 1990, GSR 190(E), dated the 27^th March 1991 GSR

579(E), dated the 12^th September, 1991, GSR 918(E), dated the 11^th December

1992, GSR 42(E), dated the 1^st February, 1993, GSR 587(E), dated 2^nd September

1993, GSR 2(E), dated the 1^st January, 1999, GSR 748 (E), dated the 4^th November

1999 and GSR 44(E), dated the 15^th January, 2000.

5

NOTIFICATION

New Delhi, the 1st March, 2001

G.S.R.153(E).— i n exercise of the powers conferred by section 15 of the

Government Savings Banks Act, 1873 (5 of 1873), the Central Government

hereby makes the following rules further to amend the Post Office (Monthly

Income Account) Rules, 1987, namely :-

1.

(1)

These rules may be called the Post Office (Monthly Income

Account) Amendment Rules, 2001.

6

THE GAZETTE OF INDIA: EXTRAORDINARY

[PART II—SEP. 3(i)j

(2)

They shall come into force on the date of their publication in the

Official Gazette.

2.

In the Post Office (Monthly Income Account) Rules, 1987, in rule 8,

for sub-rule (1), the following sub-rule shall be substituted, namely:-

"(1) The deposit made under these rules shall bear interest at the rate o f -

(a) 12 per cent, per annum in respect of deposits made on or after

the 15^th day of August, 1987 but before the 24^th day of April, 1992;

(b) 14 per cent, per annum in respect of deposits made on or after

the 24^th day of April, 1992 but before the 2^nd day of September, 1993;

(c) 13 per cent, per annum in respect of deposits made on or after

the 2^nd day of September, 1993 but before the 1^st day of January,

1999;

(d) 12 per cent, per annum in respect of deposits made on or after

the 1^st day of January, 1999 but before the 15^th day of January, 2000;

(e) 11 per cent, per annum in respect of deposits made on or after

the 15^th day of January, 2000 but before the 1^st day of March, 2001;

(f) 9.5 per cent, per annum in respect of deposits made on or after

the 1^st day of March, 2001.".

[F.No. 18-3/2000-NS-II]

SURYA MAITI, Under Secy

Note.- The principal rules were published vide GSR 701(E), dated the 10^th

August, 1987 and amended vide GSR 805(E), dated the 21^st July, 1988, GSR

46(E), dated the 20^th January, 1989, GSR 581(E), dated the 12^th September, 1991,

GSR 430(E), dated the 24^th April, 1992, GSR 390(E), dated the 29^th April, 1993,

GSR 585(E), dated the 2^nd September, 1993, GSR 5(E), dated the 1^st January,

1999, GSR 45(E), dated the 15^th January, 2000, GSR 80 (E), dated the 1^st

February, 2000 and GSR 613 (E), dated the 18^th July, 2000.

7

NOTIFICATION

New Delhi, the 1st March, 2001

G.S.R154(E).— In exercise of the powers conferred by section 15 of the Government

Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the

following rules further to amend the National Savings Scheme Rules, 1992, namely :-

1. (1)

These rules may be called the National Savings Scheme (Amendment)

Rules, 2001.

(2)

They shall come into force on the date of their publication in the Official

Gazette.

2. In the National Savings Scheme Rules, 1992, in rule 6,-

in sub-rule (1),-

(a)

in clause (i), lor the figures, letters and words " 15'ⁿ day of September,

1992", the figures, letters and words "1st day of October, 1992" shall be substituted;

(b)

for clause (ii), the following clauses shall be substituted, namely:-

"(ii)

For the period commencing from the 15^th day of January, 2000 but before the 1^st

day of March, 2001, the interest at the rate of ten-and-a-half per cent, per annum shall be

allowed for a calendar month on the lowest balance at credit of an account between the

close of the tenth day and the end of the month and such interest shall be calculated and

credited in the account at the end of each year.

8

THE GAZETTE OF INDIA: EXTRAORDINARY

[PART II—SEC 3(i) |

(iii)

On and from the 1^st day of March, 2001, the interest at the rate of nine per cent,

per annum shall be allowed for a calendar month on the lowest balance at credit of an

account between the close of the tenth day and the end of the month and such interest

shall be calculated and credited in the account at the end of each year."

[F.No. 18-3/2000-NS-H]

SURYA MAITI, Under Secy.

Note.- The principal rules were published vide GSR 763(E), dated the 15^th September,

1992 and amended vide GSR 46(E), dated the 15^th January, 2000 and GSR 541(E), dated

the 14^th June. 2000.

9

NOTIFICATION

New Delhi, the 1st March, 2001

G.S.R.I5S(E).— in exercise of the powers conferred by section 12 of the Government

Savings Certificates Act, 1959 (46 of 1959), the Central Government hereby makes the

following rules further to amend the Kisan Vikas Patra Rules, 1988, namely:-

1.

(1)

These rules may be called the Kisan Vikas Patra (Amendment) Rules,

2001.

(2)

They shall come into force on the date of their publication in the Official

Gzaette.

2.

In the Kisan Vikas Patra Rules, 1988, -

(a)

in rule 12, -

(i)

in sub-rule (6), for the words, figures and letters "on or after the

15^th day of January, 2000", the words, figures and letters "on or

after the 15^th day of January, 2000 but before the 1^st day of March,

2001" shall be substituted;

(ii)

after sub-rule (6), the following sub-rule shaft be inserted, namely:-

"(7)

Notwithstanding anything contained in sub-rules (1) to (6), the

maturity period of a certificate purchased on or after the 1^st day of March,

2001, shall be seven years and three months commencing on the date of

10

THE GAZETTE OF INDIA: EXTRAORDINARY

[PART II—SEC. 3(i)]

issue of the certificate. The amount, inclusive of interest, payable on

encashment of the certificate at any time after the expiry of its maturity

period shall be Rs. 2,000/- for a denomination of Rs. 1,000/- and at

proportionate rate for any other denomination.";

(b)

in rule 13, -

(i)

in sub-rule (9), for the words, figures and letters "on or after the

15^th day of January, 2000", the words, figures and letters "on or

after the 15* day of January, 2000 but before the 1^st day of March,

2001" shall be substituted;

(ii)

after sub-rule (9), the following sub-rule shall be inserted, namely:-

"(10) Notwithstanding anything contained in rule 12 or in Sub-rule (1), if

a certificate issued on or. after the 1^st day of March, 2001, is encashed at

any time after the expiry of two years and six months from the date of

issue of the certificate, the amount payable inclusive of interest shall be as

specified in the Table given below for certificate of the denomination of

Rs. 1,000/- and at proportionate rate for any other denomination,

namely:-

TABLE

1.

2.

3.

4.

5.

6.

7.

8.

9.

Period from the date of issue of

the certificate to the date of its

encashment

2 years 6 months or more but less

than 3 years.

3 years or more but less than 3

years 6 months.

3 years 6 months or more but less

than 4 years.

4 years or more but less than 4

years 6 months.

4 years 6 months or more but less

than 5 years.

5 years or more but less than 5

years 6 months.

5 years 6 months or more but less

than 6 years.

6 years or more but less than 6

years 6 months.

6 years 6 months or more but less

than 7 years 3 months.

Amount payable inclusive of interest

(in Rupees)

1209

1274

1327

1409

1470

1572

1644

1770

1857 .".

|F.No. 18-3/2000-NS-H1

SURYA MAITI, Under Secy

11

JMote.r The principal rules were published vide GSR 370 (E), dated the 22^nd

March, 1988 and amended vide GSR 81(E), dated the 6^th February, 1989, GSR 8 (E),

dated the 4^th January, 1990, GSR 728(E), dated the 6^th December, 1991, GSR 432(E),

dated the 24^th April, 1992, GSR 567(E), dated the 20^th August, 1993, GSR 588(E), dated

the 2^nd September, 1993, GSR 119 (E) dated the 8^th March, 1995, GSR 4(E), dated the

1

st January, 1999, GSR 492 (E) dated the 6th July, 1999, GSR 659 (E) dated the 23rd

September, 1999, GSR 660 (E) dated the 23^rd September, 1999, GSR 765 (E), dated the

11

th November, 1999 and GSR 48(E), dated the 15th January, 2000.

12

THE GAZETTE OF INDIA: EXTRAORDINARY

[PART II—Srr 3(i)]

13

NOTIFICATION

New Delhi, the 1st March, 2001

G. s. R i56(E).—in exercise of the powers conferred by section 12 of the

Government Savings Certificates Act, 1959 (46 of 1959), the Central Government

hereby makes the following rules further to amend the National Savings

Certificates (VIII Issue) Rules, 1989, namely: -

1.

(1)

These rules may be called the National Savings Certificates (VIII

Issue) Amendment Rules, 2001.

(2)

They shall come into force on the date of their publication in the

Official Gazette.

2.

In the National Savings Certificates (VIII Issue) Rules, 1989, -

(i)

in rule 15, -

(a)

in sub-rule (3), for the figures, letters and words "15^th day of

January, 2000," the figures, letters and words "15^th day of January,

2000 but before the 1^st day of March, 2001," shall be substituted;

(b)

after sub-rule (3), the following sub-rule shall be inserted,

namely:-

"(4)

Where a certificate has been purchased on or after the 1^st

day of March, 2001, the amount inclusive of interest, payable on

encashment of the certificate at any time after the expiry of its

maturity period shall be Rs. 174.52 for denomination of Rs.100 and

at proportionate rate for any other denomination. The interest as

specified in the Table below shall accrue to the holder or holders of

the certificate at the end of each year and the interest so accrued

at the end of each year upto the end of the fifth year shall be

deemed to have been reinvested on behalf of the holder and

aggregated with the amount of face value of the certificate.

TABLE

The year for which interest accrues

First year

Second year

Third year

Fourth year

Fifth year

Sixth year

Amount of interest (Rs.) accruing on

certificate of Rs.100 denomination.

9.72

10.67

11.71

12.85

14.10

15.47

14

THE GAZETTE OF INDIA. EXTRAORDINARY

|PARTII—Sr-r 3(i)J

Note.-

The amount of interest accruing on a certificate of any other

denomination shall be proportionate to the amount specified in the Table

above.";

(ii)

in rule 16, for sub-rule (4), the following sub-rule shall be

substituted, namely;-

"(4) (i) If a certificate is encashed under sub-rule (1) after the expiry of

three years from the date of certificate purchased before the 1^st day of

March, 2001, the amount payable, inclusive of interest accrued under rule

15 and after adjustment of discount, shall be as specified in the Table

below for a certificate of Rs. 100 denomination and at a proportionate rate

for a certificate of any other denomination.

TABLE

Period from the date of the certificate

to the date of its encashment

Three years or more, but less than

three years and six months

Three years and six months or more,

but less than four years

Four years or more, but less than four

years and six months

Four years and six months or more, but

less than five years

Five years or more, but less than five

years and six months

Five years and six months or more, but

less than six years

Amount payable inclusive of interest

(Rupees)

132.00

138.50

145.00

152.00

159.00

166.50 ;

(ii)

If a certificate is encashed under sub-rule (1) after the expiry of

three years from the date of certificate purchased on or after the 1^st day

of March, 2001, the amount payable, inclusive of interest accrued under

rule 15 and after adjustment of discount, shall be as specified in the Table

below for a certificate of Rs. 100 denomination and at a proportionate rate

for a certificate of any other denomination.

J5

TABLE

Period from the date of the certificate

to the date of its encashment

Three years or more, but less than

three years and six months

Three years and six months or more,

but less than four years

Four years or more, but less than four

years and six months

Four years and six months or more, but

less than five years

Five years or more, but less than five

years and six months

Five years and six months or more,- but

less than six years

Amount payable inclusive of interest

(Rupees)

126.43

131.71

136.90

142.48

147.98

153.89.".

[FNo 18-V2000-NS-II1

SURYA MA1TI, Under Secy

Note.-

The principal rules were published vide GSR 496(E), dated the 1^st

May, 1989 and amended vide GSR 508(E), dated the 23^rd May, 1990, GSR

120(E), dated the 8^th March, 1998, GSR 7 (E), dated the 1^st January, 1999, GSR

491 (E), dated the 6^th July, 1999 and GSR 47(E), dated the 15^th January, 2000.