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REGISTERED No. D((D)-72

The Gazette of India

EXTRAORDINARY

PART II—Section 3—Sub-section (i)

PUBLISHED BY AUTHORITY

No 307] NEW DELHI, FRIDAY, SEPTEMBER 28, 1979/ASVINA 6, 1901

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)

NOTIFICATIONS

New Delhi, the 28th September 1979

G.S.R. 554/(E).—In pursuance of rule 9 of tho Post Office Savings Bank Rules, 1965, the Central Government hereby notifies that, with effect from the 1st October, 1979 and until further orders, interest on the balance at credit of an account specified in column (1) of the Table below, shall be allowed at the rate speci- fied in the corresponding entry in column (2) of the said Table :—

TABLE

Account

Rate of interest per annum

5.5 per cent 5.5 per cent

1. Single account 2. Pension account

(1199)

672 GI/79

1200 THB GAZETTE OF INDIA : EXTRAORDINARY \YAKT IT—SEC. 3(i)J

5.5 per cent

3. Joint account

5.5 per cent

4. Sanchayika account

G.S-Tt. 555(li).- In uxcivise nf lli<: powers coiifcuc'l hy •" lion \2 ol the Government Savings Certificates Act, i')5'i (4t> of 1959), the Central Government hereby makes the following rules further to amend the Post Office Savings Certificates Rules, 1960, namely :—

5. Provident Fund, Superannuation

5.5 per cent

Fund or Gratuity Fund Account

1.(1) These rules may be called trie Post OITta: Savings

5 pur cent

6. Public account

Certificates (Amendment) Rules, 1979.

3 per cent

7. Security Deposit account

(2) They shall come into force on the 1st day of October, 8. Other accounts

3 per cent

1979.

~[F. 2/18/79-N.S. (iv)]

2. Tn sub-rule (2) of rulo 31 of the Post Office Savings Ccrti

licates Rules, 1960—

(i) in clause (c) and in the heading to Table thcicundcr, for the words, figures and letters "on or after the 23rd July, 1974", the following shall be substituted, namely ; -

"on or after the 23rd July 1974, but before the. 1st October, 1979".

(ii) after clause (c), the following clause shall be inserted.

namely :—

"(d) The amounts (including interest) payable on encash- ment on maturity of 7-Year National Savings Certificates (11 Issue) of different denominations issued on or after the 1st October, 1979 shall be as in the following Table, namely :—

TABLE

Maturity values of 7-Year National Savings Certificate; (V foi'io)

issued on or after the 1st October, 1979

Amount payable on maturity

Face value

Rs. 15.55 77.75 155.50 777.50 1555.00

Rs. 10 50 100 500 1000 5000

7775.00"

[F. 2/18/79-NS (v)]

1201

(iii) after Tdble D, fh¹. following Table :-hali be imciltc!,

namely :—

"TABLE E

Maturity values of National Savings Certificates (V I'nit)

issued em or after 1st Octc bcr, 1979.

Face Value

Amount payable on

maturity

Rs. 10 50 100 500 1000

Rs. 20 45 102.25 204.50 . 1022,50 . 2045.00"

[F. No. 2/l8/79-NS(vi)]

G.S.R. 556(E).—In exercise of the powers conferred hy section 12 of the Government Savings Certificate Act, 3959 (46 of 1^59), the Central Government hereby makes the following rults fm ther to amend the National Savings Certificates (V Issue) Rules, 1973, namely :—

1. (V) These rules may be called the National Savings Certi-

ficates (V Issue) Amendment Rules, 1979.

(2) They shall come into force on the 1st day <,f Octc bcr,

1979.

2. In sub-rule (1) of rule 26 of the National Savings Certi-

ficate (V Issue) Rules, 1973.—

(i) in the opening paragraph, for the words and letters "in Tables A, B, C and D", the words and letters "in Tables A, B, C\ D and E" shall be substituted;

(ii) in Table A, for the heading "Surrender values of National Savings Certificates (V Issue) issued on or after 1st O^tobor, 1976," the following heading shall be substituted, namely :--

"Surrender values of National Savings Certificates (V Issue) issued on or after 1st October, 1976, but before 1st October, 1979",

l 7 n, T HE GAZETTE OF IIHP'A : EXTRAORDINARY [PART II—SEC. 3"(i)J

G.S.R. 557(E),- In exercise of the powers conferred by Section 12 of the Government Savings CcriiCtatcs Act, 1^59 (46 of 1959), the Central Government hereby makts tte following rules further to amend the Government Savings Certificates Rules 1965, namely :—

1. (1) Those rules iniiy be called the Government Savings Certificates (Amendment) Rules, J979.

(2; They shall come Into force on the 1st day of October,

1979.

2. In sub-rule (2) of Rule 26 of the Government Savings

Certificates Rules, 1965,

(i) in clause (a), for the words, figures and letters "on or after the 23rd July, 1974", the following shall be substituted namely :—

"On or after the 23rd July 1974, but before the 1st October, 1979";.

(ii) after clause (b), the following clause shall be inserted, namely :—

"(c) The amounts (including interest) payable on en- cashment on maturity of 7 Year National Saving Certi- ficates (II Issue)—Bank Series of different denominations issued on or after the 1st October 1979 shall be as in the following table", namely :—

TABLE

Maturity values of 7-Year National Savings Certificate (If Issue)—Bank Series issued on or after the 1st October, 1979-

Face Value

Amount payable on maturity

Rs.

50 . ..

100 500 1000 5000

Rs. 15.55 77.75 155,50 777.JO 1555.00 7775.00

[F. No.2/18/79-NS(vii)] G.S.R, 538(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 National Development Bonds Rules, 1977, namely : --

1.(1) These rules may be called the National Development

Bond (Amendment) Rules, 1979.

(2) They shall come into force on the 1st day of October, 1979

2. In the National Development Bonds Rules, 1977, in

rule 7—

(i) for sub-rule (4), the following sub-rule shall be substi-

tuted, namely :

"(4) The amounts, including intcrst, payable on Bonds of denominations of Rs. 10, Rs. 100 and Rs. 500 issued b;fore 1st October 1979, shall, on encashment under sub-rule (1), b; R.s. 16.50, Rs. 165, and Rs. 825, respect- ively."

(ii) after sub-rule (4), the following sub-rule shall be inserted,

namely :—

"(5) The amounts, including interest, payable on Bonds of denominations of Rs. 10, Rs. ]00 and Rs. 500, issued on or after 1st October, 1979, shall, on encashment under sub-rule (1), be Rs. 16.70, Rs. 167, Rs. 835, respectively".

• • ~ • * ,-••• ,„

[F. No. 2/lC/79-NS(viii)]

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