The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 40] NEW DELHI, THURSDAY, FEBRUARY 29, 1968/PHALGUNA 10, 1889
Separate paging is given to this Part in order that it may be filed
as a separate compilation.
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 29th February 1968
No. F. 3(5)NS/68.—The President hereby makes the following rules further to amend the Post Office Savings Bank (Cumulative Time Doposits) Rules, 1959, published with the notification of the Government of India in the Ministry of Fin- ance (Department of Economic Affairs) No. F. 3(40)NS/58, dated the 19th "December, 1958, namely: —
1- (1) These rules may be called the Post Office Savings Bank (Cumulative Time Deposits) Amendment Rules. 1968-
(2) They shall come into force on 1st March, 1968.
2. In the Post Office Savings Bank (Cumulative Time Deposits) Rules, 1959,—
(i) In rule 5, for the figures "300", the figures "500" shall be substituted; (ii) in rule 7,
(a) for the figures "300", the figures "500" shall be substituted; (b) in the first proviso, for the figures "54,000", the figures "90,000" shall be substituted;
176 THE GAZETTE Ol INDIA EXTRAORDINARY [PART J-$rc. I] (Iv) In rule 8A,(a) for sub-rule (2), the following sub-rule shall bo substituted, namely: — "(2) Accounts opened before 1st April, 1965, but maturing after the said date, shall, in addition to the amounts specified In Table I, be entitled to the bonus specified in Table IB."
(b) after sub-rule (2), the following sub-rules shall be inserted, namely:—•
"(3) 5-year accounts opened on or after the 1st March, 1968, shall, In addition to the amounts specified in Table I, be entitled to the bonus specified In Table IC and not to the bonus specified In Table IA.
(4) 5-ycar accounts opened before the 1st March, 1968, but maturing after the said date, shall, in addition to the amounts specified In Table I, be entiHed to the bonus specified in Table ID and not to the bonus specifier! in Table IB-"
(c) after Table IB, the following Tables shall be Inserted, namely: —
"TABLE IC
[ See rule 8A (3) ]
Monthly Deposits of
Maturity bonu" 5-year Account
Rs.
Ra.
10 5
30 to . . . . . ..
20
. . . . 4° 100 JO
TOO
2 00
400 20O 300
600
The maturity bonus for accounts of other denominations specified In rule 5, shall be !n proportion to the maturity bonus set out above for monthly deposits of Rs. 5-
TABLE ID
[ (See rule 8A (4) 1
Unexpired term of m atnrity on M aturity bonus for account with a monthly deposit of 1-3-1968 '
Rs.5 R1.10 Rs.20 R8.50 RS.TOO'1 R9/200 Rs.300 Jt less than But less than
N<
. 2 i6-ocf 32-00 8o-oo 160-00 320 • 00 ^So'oo
. 3 8-50 17-00 34-oo 85-00 170-00 34o • 00 5io-or
. 4 9-00 18-00 36-00 90-00 180-00 360 • 00 540-00
4 . 5 9-50 19-00 38-00 9S'oo 190-00 380 • 00 570-oc
- R'OO" ↩