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 1^st March, 2001 but before 1^st

March, 2002)" shall be substituted;

(b)

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

"Table-P

[For deposits made on or after 1^st March, 2002]

Period of deposit

1 year

2 years

3 years

5 years

Rate of interest per annum

7.25

per cent.

7.50

per cent.

8,25

per cent.

8.50

percent.";

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.

^co⁰c?:"T^^e ? ^{i n c i p a l rules}

th

were Published in the Gazette of India vide number

r «

n ! $ ' ? ^{t e} ? ? ^e I ⁷

D e c e m b e r' 1981 and subsequently amended vide

r « ?oU?'J? , u

hG * th

Apri1' 1984' GSR 4 1 8 ( E>' dated the 1Qth May^ 1985,

S ,

5?i?' ^{a 6d the 12}

F e b r u a I ^ ' 1986' GSR 3 6 2(

E)' dated t he 21

st April

« £ ⁷ M ^{G S} ?

1,°.

05 (E)' d a t e d t h e 2 3

D e c e m b e r' 1W.QSR 353 (E), dated the

S

M

9rCt I ? ? ' GSR 507(E)' dated the 23fd MaV' 1990' GSR Wl(E), dated the

I⁷

March 1991, GSR 580 (E), dated the 12^th 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, GSR

43(E), dated the 15™ January, 2000 and GSR 151(E) dated the 1^st March 2001

4

THE GAZETTE OF INDIA : EXTRAORDINARY

[PART II—SEC. 3(i)]

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 17^th December, 1981 and subsequently amended vide GSR 301(E)

dated the 1^st April, 1982, GSR 258(E), dated the 11^th March, 1983, GSR 62(E), dated the

14™ February, 1984, GSR 95(E), dated the 7^th February, 1986, GSR 194(E), dated the

13

m February, 1986, GSR 363(E), dated the 1st April, 1987, GSR 39(E), dated 16th 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, GSR

44(E), dated the 15^th January, 2000 and GSR 152(E) dated the 1^st 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 1^st day of March,

6-

_.jnffiGAgpEOF_INDIA^EyraAORDINAR^_

[PARTII-SEC 3(i)]

2001", the words, figures and letters "the 1^st 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:-

dafo

9f £ C

Ch,

n2002''

n n U m 'n reSPeCt ° f d e P °

S i t S made °

n ° r after the lSt

lF.No.5/l/2<X)2-NS,II]

K Y. NARASIMHAN, Dy Secy.

Note.- The principal rules were published in the Gazette of India vide number

GSR 701(E), dated the 10^th August, 1987 and subsequently amended vide GSR

805(E), dated the 21^st July, 1988, GSR 46(E), dated the 20^ January, 1989, GSR

581(E), dated the 12^th September,l991, 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, GSR 613 (E), dated the 18^th

July, 2000 and GSR 153(E) dated the 1^st 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 1^st day of March, 2001 but before

the 1^st 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 1^st 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 15^th September, 1992 and subsequently amended

vide GSR 46(E), dated the 15^th January, 2000, GSR 541(E), dated the 14^th June,

2000 and GSR 154(E) dated 1^st March, 2001.

8

_

THE GAZETTE OF INDIA : EXTRAORDINARY

[PART II—SEC 3(i)]

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 1^st day of March,

2001", the figures, letters and words " the 1^st day of March, 2001 but before

the 1^st 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 1^st day of March,

2002, the amount inclusive of Interest, payable on encashment of the certificate

#»9|&£i«v~ 2.

10

_

THE GAZETTE OF INDIA : EXTRAORDINARY

[PAKTIJ—&c. 3(i)l

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.

TABLE

Amount of interest (Rs.) accruing on

The year for which interest accrues

certificate of Rs.100 denomination-

First year

9.20

Second year

10.05

Third year

10.97

Fourth year

11.93

Fifth year

13.09

Sixth year

|

14.29~

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 1^st day of March,

2001", the figures, words and letters "trie 1^st day of March, 2001 but

before the 1^st 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 1^st May, 1989 and subsequently 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,

GSR 47(E), dated the 15^th January, 2000, GSR 156(E), dated the 1^st March, 20G1

and

GSR

572(E),

dated

the

2^nd

August,

2001.

^y/wr/di.

-3

12

THE GAZETTE OF INDIA : EXTRAORDINARY

[PART II—SEC.3(I)1

NOTIFICATION

New Delhi, the 1st March, 2002

G.S.R i64(E).— i n 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 1^st day of March,

2001", the figures, words and letters "the 1^st day of March, 2001 but before the

1

st 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 1^st 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

1

st

day of March, 2001 but before the 1^st 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 1^st 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 any

14

THE GAZETTE OF INDIA: EXTRAORDINARY

[PARTII—SR\3(i)J

other denomination, namely:-

TABLE

Period from the date of issue of the certificate to Amount

payable

the date of its encashment

inclusive of interest

(In Rupees)

1.

2 years 6 months or more but less than 3 years.

1195

2.

3 years or more but less than 3 years 6 months.

1256

3.

3 years 6 months or more but less than 4 years.

1305

4.

4 years or more but less than 4 years 6 months.

1382

5.

4 years 6 months or more but less than 5 years.

1439

6.

5 years or more but less than 5 years 6 months.

1534

7.

5 years 6 months or more but less than 6 years.

1602

8.

6 years or more but less than 6 years 6 months.

1672

9.

6 years 6 months or more but less than 7 years.

1800

10. 1 7 years or more but less than 7 years 8 months.

[

1883.".

[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 22^nd March, 1988 and subsequently 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

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

(E), dated the 11^th November, 1999, GSR 48(E), dated the 15^th January, 2000

and GSR 155(E) dated the 1^st March, 2001.

Printed by the Manager, Govt, of India Press, Ring Road, Mayapuri, New Delhi-110064

and Published by the Controller of Publications, Delhi-110054.