REGISTERED No. D. (D.N)-72
The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (i)
PUBLISHED BY AUTHORITY
No. 82] NEW DELHI, FRIDAY, MARCH 11, 1983/PHALGUNA 20, 1904
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 11th March, 1983
G SR 257(E) —In exercise of the powers conferred by sec- tion 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 —
1447G1/82
(1))
2 THE GAZETTE OF INDIA ; EXTRAORDINARY [PART II—SEC. 3(i)]1. Short title and commencement.—(1) These rules may be called the Post Office Time Deposit (Amendment) Rules, J983.
(2) They shall come into force on the date of their publi-
cation in the Official Gazette.
2. In the Post Office Time Deposit Rules, 1081, in rule 7, for Table E and the Note thereunder, the following Tables and Note shall be substituted, namely:—
TABLE E
(For deposits made on or after the 1st April, 1982 but before the 1st March, 1983)
Period of deposit 1
late of interest per
annum
1 Year 2 years . . . .. 3 Years 5 Years
9 per cent 9J per cent 10J per cent 10J per cent
TABLE F
(For deposits made on or after the 1st March, 1983)
Period of deposit
Rate of interest per
annum
1 year 2 Years . . . . .. 3 Years 5 years
9 per cent 9 I per cent 104 per cent 11J per cent
Note : For deposits made on or after the 1st October, 1979, interest will be payable at the rates specified in Table C or Table D or Table E or Table F, as the case may be, calculated at half-yearly rest."
[No. F. 2/7/83-NS(i)]
G.S.R. 258(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:—
2. In the Post Office Recurring Deposit Rules, 1981,—
(i) in rule 9, in both the Schedules, for the last item, "From
1-4-1982 onwards 786.80",
the following items shull bo substituted, namely—
"From 1-4-1982 to 28-2-1983 786.80 rom 1-3-1983 onwards 807.60";
(ii) in rule 10, in sub-rule (2), in clauses (a) and (c), for the words and figures "Table 1, 2 or 11", the words and figures "Table 1, 2. 11 or 13" shall be substituted;
(iii) in rule 11, in sub-rule (2), in clauses (b) and (c), for the words and figures "Table 3, 4 or 12", the words and figures "Table 3, 4, 12 or 14" shall be substituted;
(iv) in Tables Jl and 12, for the words and figures "on or after 1st April, 1982", the words and figures "on or after 1st April, 1982, but before 1st March, 1983", shall be substituted ;
(v) after Table 12, the following Tables shall be inserted, namely—
"TABLE 13
(See rule 10)
Amount, Inclusive of interest, payable on as account opened on or after 1st March, 1983 and continued, with monthly de- posits, beyond the maturity period or maturity period as ex- tended under sub-rule (1) of rule 7,
Number of completed years for which
the account is continued
Amount (Rs.) repay- able on an account of Rs. 10/- denomi- nation
One year Two years Three years Four years Five years
1030.70 1280.20 1559.30 1871.30 2220.20
Note : The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
TABLE 14
(See rule 11)
Amount, inclusive of interest, repayable on an account opened on or after 1st March, 1983 and continued, without any fresh monthly deposits, beyond the maturity period or maturity period as extended under sub-rule (1) of rule 7.
Number of completed years for which
the account is continued
Amount (Rs.) repa y able on an account of Rs. 10 denomi- nation
3
G.S.R. 259 (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 follow- ing rules further to amend the National Savings Certificates (VI Issue) Rulca, 1981, namely:—
[No. F-2/7/83-NS(U)] 2. In the National Savings Certificates (VI Issue) Rules, 1981, to rule 19, the following proviso shall be added namely:—
4 THE GAZETTE OF INDIA ; EXTRAORDINARY [PAUT I I - S E C. (i)]"Provided that where a certificate has been purchased
on or alter the 1st March, 19S3 by or on behalf of an indi- vidual specified in the proviso to rule 8 and payment (here- for has been made in any of the modes specified in the said proviso, the amount Inclusive of interest payable on encash- ment of the certificate at any time after the expiry of its maturity period shall be Rs. 21.30 for the denomination of Rs. 10/- and at proportionate rate for any other denomina- tion. The interest as specified in the Table below shall accure to the holder or holders of such certificate at the end of each year and ihe interest so accured at the end of each year upto the end of the fifth year shall be deemed to have been re-invested on behalf of the holder and aggre* gated with the amount of face value of the certificate.
TABLE
The year for which interest accrues
Amount of interest accruing on a certi- ficate of Rs. 10 denomination
First year Second year Third year Fourth year Fifth year Sixth year
Rs. 1.34 1.52 1.73 1.96 2,22 2.53
Note :—The amount of interest accruing on a certificate of any other denomination shall be proportionate to the amount specified in the Table above.
[No. F. 2/7/83-NS(iii)] G.S.R. 260(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 Savings Certificates (VII Issue) Rules 1981, namely:—
1. Short title and commencement.—(1) These rules may be called the National Savings Certificates (VII Issue) Amend- ment Rules, 1983.
(2) They shall come into force on the date of their publi-
cation in the Official Gazette.
2. In the National Savings Certificates (VII Issue) Rules, 1981, in rule 19, to sub-rule (2) the following proviso shall be added, namely:—
"Provided that where a certificate has been purchased on or after the 1st March, 1983 by or on behalf of an indi- vidual specified in the proviso to rule 8 and payment there- for has been made in any of the modes specified in the said proviso, the interest payable under this sub-rule shall be calculated at the rate of 13 per cent per annum on the face value of the certificate."
[No. F. 2/7/83-NS(iv)]
A.C. T1WARI, J. Secy,