REGISTERED No. D (D)-72

The Gazette of India

EXTRAORDINARY

PART I—Section 1

PUBLISHED BY AUTHORITY

No. 52] NEW DELHI, TUESDAY, FEBRUARY 28, 1978/PHALGUNA 9, 1899

Separate paging is given to this Part in order that it may be filed as a separate

compilation

386 GI/77

(187)

189

MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 28th February, 1978

No. F. 2/9/78-NS :—The President hereby makes the following rules further to

amend the Post Office (Time Deposits) Rules, 1970, namely :—

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

Rules, 1978.

(2) They shall come into force on the 1st day of March 1978.

2, In the Post Office (Time Deposits) Rules, 1970, for Table-A, Table-B and

Tablc-C and the Note, below rule 11, the following Tables shall be substituted,

namely :—

"TABLE-'A' (for deposits made before the 1st March 1978)

Period

1 year

2 years

3 years

5 years

Rate of interest per annum

8 per cent

8J percent

9 per cent

10 per cent

TABLE-'B' (for deposits made on or after the 1st March 1978)

Period

lycar

2 years

3 years

5 years

Rate of interest per annum

7 per cent

7J per cent

8 per cent

10 percent"

3. In rule 11-A of the said rules, for clause (a) of sub-rule (1), the following

clause shall bo substituted, namely :—

"(a) The rate of interest payable shall be 2 per cent less than the rate spe-

cified in Table 'B' under rule 11, for the completed number of years for which the

deposit had actually remained with the post office on the date of application

for premature closure."

K.N. ROW, Jt. Secy.

PRINTED BY THE MANAGER, GOVT. OF INDIA PRESS, RING ROAD, NEW DELHI-110064

AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DE1HI-110054, 1978