REGD. NO. D. L.-3 3004/99 The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 60] NEW DELHI, THURSDAY, MARCH 1,2001/PHALGUNA 10,1922
642 1/2001
(1)2 THE GAZETTE OF INDIA : EXTRAORDINARY fPART I—Sec, 11
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 1st March, 2001
F.No. 18-3/2000-NS.IL- The Government of India hereby makes trie following amendment in the Deposit Scheme for Retiring Government Employees, 1989 as notified in the Ministry of Finance (Department of Economic Affairs) notification number 2/14/89-NS.II, dated the 7th June, 1989, namely: - 1. In the said Scheme, In paragraph 6, relating to Interest on Deposits, - (a) in sub-paragraph (a), after the second proviso, the followinq proviso shall be inserted, namely :-
"Provided also that the deposits made in accordance with this Scheme on or after the 1st day of March, 2001 shall carry interest at the rate of 8,5 per cent, per annum.";
(b) in sub-paragraph (b), after the second proviso, the following proviso shall be inserted, namely :-
"Provided also that where the account is continued on expiry of three years, whether prior to the 1st day of March, 2001 or at any time thereafter, the balance amount in such account shall earn interest at the rate of 8.5 per cent, per annum on and from the 1st day of March, 2001 or the date of expiry of three years, whichever is later.";
(c) in sub-paragraph (d), after the second proviso, the following proviso shall be inserted, namely :-
"Provided also that where the deposits in an account earn interest at the rate of 8.5 per cent, per annum in terms of the third proviso to sub- paragraph (a) or third proviso to sub-paragraph (b), the interest on the undrawn interest shall be at the rate of 8.5 per cent, per annum on and from the 1st day of March, 2001 or the date of expiry of three years, whichever is later."
2. This amendment shall take effect on and from the 1st day of March, 2001.
SURYA MAITI, Under Secy.
Note: Prior to this amendment, the Deposit Scheme notified on the 7th June, 1989 was amended vide notifications No. 2/14/89-NS.II, dated the 10th August, 1989, No. 2/14/89-NS.II, dated the 12th October, 1989, No. 2/14/89-NS.II, dated the 9l March, 1990, No, 15/1/93-NS.II, dated the 15th March, 1993 and No 2/31/98-NS.II, dated the 1st January, 1999.
3
NOTIFICATION
New Delhi, the 1st March, 2001
F.No. 18-3/2000-NS.IL- The Government of India hereby makes the following amendment in the Deposit Scheme for Retiring Employees of Public Sector Companies, 1991 as notified in the Ministry of Finance (Department of Economic Affairs) notification number 2/19/89-NS.II, dated the 12th December, 1990, namely:-
1. In the said Scheme, in paragraph 6, relating to Interest on Deposits, -
(a) in sub-paragraph (a), after the second proviso, the following proviso shall be inserted, namely :-
"Provided also that the deposits made in accordance with t h i s- Scheme on or after the 1st day of March, 2001 shall carry interest at the rate of 8.5 per cent, per annum.";
(b) in sub-paragraph (b), after the second proviso, the following proviso shall be inserted, namely :-
4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 11"Provided also that where the account is continued on expiry of three years, whether prior to the 1st day of March, 2001 or at any time thereafter, the balance amount in such account shall earn interest at the rate of 8.5 per cent, per annum on and from the date of expiry of three years.";
(c) In sub-paragraph (d), after the second proviso, the following proviso shall be inserted, namely :-
"Provided also that where the deposits in 3n account earn interest at the rate of 8.5 per cent, per annum in terms of the third proviso to sub- paragraph (a) or third proviso to sub-paragraph (b), the interest on the undrawn interest shall be at the rate of 8.5 per cent, per annum on and from the 1st day of March, 2001 or the date of expiry of three years, whichever is later."
2. This amendment shall take effect on and from the 1st day of March, 2001.
SURYA MATTI, Under Secy.
Note: Prior to this amendment, the Deposit Scheme notified on the 12* December, 1990 was amended vide notification No. 15/10/91-NS.II, dated the 22nd April, 1991, No. 2/19/89-NS.II, dated the 23rd April, 1991, No. 15/1/93- NS.II, dated the 15th March, 1993 and No. 2/31/98-NS.II, dated the 1st January, 1999.