The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 146] NEW DELHI, TUESDAY, SEPTEMBER 1, 1970/BHADRA 10, 1892
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 1st September 1970
No. F.l(5)-NS/69.—The Central Government hereby directs that the commission payable to Authorised Agents under the Standardised Agency System and the Authorised Ascents (Bank) Scheme on the sale through them of 7 year National Savings Certificates (II Issue), 7-Year National Savings Certificates (III Issue) and 7-Year National Savings Certificates (IV Issue), 7-Year National Savings Certificates (II Issue) Bank Series, 7-Year National Saving Certificates (III Issue) Bank Series, 7-Year National Savings Certificates (IV Issue) Bank Series, 15-Year Annuity Certificates and on investments secured by them in Post Office Fixed Deposits, Post Office Time Deposits of 3 and 5 years and Government Fixed Deposits accepted at branches of the State Bank of India and its subsidiary banks shall be as under:
(i) 1¾ per cent for agents working in urban areas; and
(ii) 2¼ per cent for agents working in rural areas.
852 THE GAZETTE OF INDIA EXTRAORDINARY [PAST I—SEC.^1]Agents who, for the purposes of their agreements, are attached to a Post Office, or a Branch of the State Bank of India or any of its subsidiary Banks, which i* located in a town or village having a population of 5,000 and less shall be considered to be agents working in rural areas for the purposes of this Notification.
2. These rates will be payable on certificates sold or deposits secured on or after 1st September, 1970.
B. MAITHREYAN, Jt. Secy.