Section 2   [ View Judgements ]

Amendments in Rule 6(1)


In the National Savings Scheme Rules, 1992 , in rule 6, in sub-rule (1), for clause (iv), the following clauses shall be substituted, namely:-



"(iv) For the period commencing from the 1st day of March, 2002 but before the 1st day of March, 2003, the interest at the rate of eight-and-a-half per cent per annum shall be allowed for a calendar month on the lowest balance at credit of an account between the close of the tenth day and the end of the month and such interest shall be calculated and credited to the account at the end of each year.".



"(v) On and form the 1st day of March, 2003, the interest at the rate of seven-and-a-half per cent per annum shall be allowed for a calendar month on the lowest balance at credit of an account between the close of the tenth day and the end of the month and such interest shall be calculated and credited in the account at the end of each year.".

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