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

REGD NO. D.L.-33004/99 The Gazette of India

EXTRAORDINARY

PART II—Section 3—Sub-section (i)

PUBLISHED BY AUTHORITY

No. 103] NEW DELHI, FRIDAY, MARCH 1, 2002/PHALGUNA 10,1923

698 GI/2002

(1) L^^^^^^^^^^^^^J^^JSPIJS^J^O^O^I^Y [PAm n-&c.3(i)l

MINKTRYOF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, ihe 1st March, 2002

G.S.R i59(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 Time Deposit Rules, 1981, namely :-

1. (1) These rules may be called the Post Office Time Deposit

(Amendment) Rules, 2002.

(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-O, for the brackets, words, figures and letters, "(For deposits made on or after 1st March, 2001)", the brackets, words, figures and letters, "(For deposits made on or after 1st March, 2001 but before 1st March, 2002)" shall be substituted;

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

"Table-P [For deposits made on or after 1st March, 2002]

Rate of interest per annum

Period of deposit

7.25 per cent. 7.50 per cent. 8,25 per cent. 8.50 percent.";

1 year 2 years 3 years 5 years 2 (c) in the Notes, in paragraph (2), for the word and letter, "Table 0", the words and letters "Table 0 or Table P" shall be substituted.

|F.No.5/l/2002-NS.II] K. Y. NARASIMHAN. Dy. Secy.

w e re Published in the Gazette of India vide number

t h

" £⁷MG S?

NOTIFICATION

New Delhi, the 1st March, 2002

G.S.R 16O(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, 2002.

(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,-

(i) In sub-rule (l^ln clause (a), in the Schedule, for the last existing entries, the following entries shall be substituted, namely:-

"From 1.3.2001 to 28.2.2002 (both dates Inclusive) ...758.53

From 1.3.2002 onwards

...748.49";

(ii) in sub-rule (2), In clause (a), in the Schedule, for the last existing entries, the following entries shall be substituted, namely:-

"From 1.3.2001 to 28.2.2002 (both dates Inclusive)... ...758.53 From 1.3.2002 onwards

...748.49";

LF.N0.5/1/2002-NS.H]

K. Y NARASIMHAN, Dy. Secy.

Note.-The principal rules were published in the Gazette of India vide number GSR 666(E), dated the 17th December, 1981 and subsequently amended vide GSR 301(E) dated the 1st April, 1982, GSR 258(E), dated the 11th March, 1983, GSR 62(E), dated the 14™ February, 1984, GSR 95(E), dated the 7th February, 1986, GSR 194(E), dated the 13m February, 1986, GSR 363(E), dated the 1st April, 1987, GSR 39(E), dated 16th the January, 1988, GSR 458(E), dated the 15th April, 1988, GSR 708(E), dated the 21st July 1989, GSR 16(E), dated the 9th January, 1990, GSR 190(E), dated the 27th March 1991 GSR 579(E), dated the 12th September, 1991, GSR 918(E), dated the 11th December' 1992, GSR 42(E), dated the 1st February, 1993, GSR 587(E), dated 2nd September 1993 GSR 2(E), dated the 1st January, 1999, GSR 748 (E), dated the 4th November, 1999, GSR 44(E), dated the 15th January, 2000 and GSR 152(E) dated the 1st March, 2001.

_5

NOTIPTCAnON

New Delhi, the 1st March, 2002

G.S.R. i6i(EX— 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 (Monthly Income Account) Rules, 1987, namely :-

1. (1) These rules may be called the Post Office (Monthly Income Account) Amendment Rules, 2002,

(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, in sub-rule (1),-

(i) in clause (f), for the words, figures and letters "the 1st day of March,⁶- _.jnffiGAgpEOF_INDIA^EyraAORDINAR^_ [PARTII-SEC 3(i)] 2001", the words, figures and letters "the 1st day of March 2001 hi if before the 1* day of March, 2002" shall be substituted\

(I!) after clause (0, the following clause shall be inserted, namely:-

Ch,n2002''n n Um 'n reSPeCt °f d e P°S i tS made °n °r after the lSt

dafo⁹f £C

lF.No.5/l/2

Note.- The principal rules were published in the Gazette of India vide number GSR 701(E), dated the 10th August, 1987 and subsequently amended vide GSR 805(E), dated the 21st July, 1988, GSR 46(E), dated the 20^ January, 1989, GSR 581(E), dated the 12th September,l991, GSR 430(E), dated the 24th April, 1992, GSR 390(E), dated the 29th April, 1993, GSR 585(E), dated the 2nd September, 1993, GSR 5(E), dated the 1st January, 1999, GSR 45(E), dated the 15th January, 2000, GSR 80 (E), dated the 1st February, 2000, GSR 613 (E), dated the 18th July, 2000 and GSR 153(E) dated the 1st March, 2001.

J7

NOTlFIQVnON

New Delhi, the 1st March, 2002

G.S.R. i62(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, 2002.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the National Savings Scheme Rules, 1992, Jn sub-rule (1) of rule 6, for clause (iii), the following clauses shall be substituted, namely:-

"(•ii) For the period commencing from the 1st day of March, 2001 but before the 1st day of March, 2002, 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.

(iv) On and from the 1st day of March, 2002, the interest at the rate of eight- 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.".

[F.No.5/l/2002-NS.ni

K. Y. NARASIMHAN. Dy. Secy.

Note.- The principal rules were published in the Gazette of India vide number GSR 763(E), dated the 15th September, 1992 and subsequently amended vide GSR 46(E), dated the 15th January, 2000, GSR 541(E), dated the 14th June, 2000 and GSR 154(E) dated 1st March, 2001.

9

N0TMCAI10N

New Delhi, the 1st March, 2002

G.S.R 163CE).— 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. (l)These rules may be called the National Savings Certificates

(VIII Issue) Amendment Rules, 2002.

(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 (hereinafter referred to as the said rules), in rule 15, -

(a) in sub-rule (4), for the figures, letters and words "the 1st day of March, 2001", the figures, letters and words " the 1st day of March, 2001 but before the 1st day of March, 2002," shall be substituted;

(b) after sub-rule (4) and the Table relating thereto, the following sub-rule and the Table shall be inserted, namely:-

"(5) Where a certificate has been purchased on or after the 1st day of March, 2002, the amount inclusive of Interest, payable on encashment of the certificate #"9|&£i"v~ 2.

at any time after the expiry of its maturity period shall be Rs. 169.59 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 shsll be deemed to have been reinvested on behalf of the holder and aggregated with the amount of face value of the certificate.

Note.- The amount of Interest accruing on a certificate of any other denomination shall be proportionate to the amount specified in the Table above.".

3. In rule 16 of the said rules, in sub-rule (4),-

(a) in clause (ii), for the figures, words and letters "the 1st day of March, 2001", the figures, words and letters "trie 1st day of March, 2001 but before the 1st day of March, 2002" shall be substituted;

(b) after clause (ii) and the Table relating thereto, the following clause and the Table shall be inserted, namely:-

(Hi) 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 day of March, 2002, 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.

11

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) 124.62 129.51 134.29 139.43 144.46 149.83.".

|F.No .V1/2OO2-NS.III

K. Y. NARASIMHAN. D>. Scc\ Note.- The principal rules were published in the Gazette of India vide number GSR 496(E), dated the 1st May, 1989 and subsequently amended vide GSR 508(E), dated the 23rd May, 1990, GSR 120(E), dated the 8th March, 1998, GSR 7 (E), dated the 1st January, 1999, GSR 491 (E), dated the 6th July, 1999, GSR 47(E), dated the 15th January, 2000, GSR 156(E), dated the 1st March, 20G1 and GSR 572(E), dated the 2nd August, 2001.

^y/wr/di. -312 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC.3(I)1

NOTIFICATION

New Delhi, the 1st March, 2002

G.S.R i64(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, 2002.

13 (2) They shall come Into force on the date of their publication in the Official Gazette.

2. In the Kisan Vikas Patra Rules, 1988 (hereinafter referred to as the said rules), in rule 12, -

(I) in sub-rule (7), for the figures, words and letters "the 1st day of March, 2001", the figures, words and letters "the 1st day of March, 2001 but before the 1st day of March, 2002" shall be substituted;

(ii) after sub-rule (7), the following sub-rule shall be Inserted, namely:-

"(8) Notwithstanding anything contained in sub-rules (1) to (7), the maturity period of a certificate purchased on or after the 1st day of March, 2002, shall be seven years and eight months commencing on the date of 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.".

3. In rule 13 of the said rules, -

(i) in sub-rule (10), for the words, figures and letters "on or after the 1st day of March, 2001", the words, figures and letters "on or after the 1st day of March, 2001 but before the 1st day of March, 2002" shall be substituted;

(ii) after sub-rule (10) and the Table relating thereto, the following sub-rule and the Table shall be inserted, namely:-

"(11) Notwithstanding anything contained In rule 12, if a certificate Issued on or after the 1st day of March, 2002, 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 any14 THE GAZETTE OF INDIA: EXTRAORDINARY [PARTII—SR\3(i)J other denomination, namely:-

TABLE

[F.No.5/l/2002-NS.IIl

K. Y. NARASIMHAN, Dy. Secy.

Note.- The principal rules were published in the Gazette of India vide number GSR 370 (E), dated the 22nd March, 1988 and subsequently amended vide GSR 81(E), dated the 6th February, 1989, GSR 8 (E), dated the 4th January, 1990, GSR 728(E), dated the 6th December, 1991, GSR 432(E), dated the 24th April, 1992, GSR 567(E), dated the 20th August, 1993, GSR 588(E), dated the 2nd September, 1993, GSR 119 (E) dated the 8th March, 1995, GSR 4(E), dated the 1st January, 1999, GSR 492 (E) dated the 6th July, 1999, GSR 659 (E) dated the 23rd September, 1999, GSR 660 (E) dated the 23rd September, 1999, GSR 765 (E), dated the 11th November, 1999, GSR 48(E), dated the 15th January, 2000 and GSR 155(E) dated the 1st March, 2001.

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