National Savings Monthly Income Account limits: Rs.1,000 minimum, Rs.9 lakh single-account cap, Rs.15 lakh joint-account cap. Para 4 sets minimum and maximum deposit rules: minimum Rs.1,000 (or multiples), only one deposit per account, maximum Rs.9,00,000 for a single account (including accounts under paragraph 3 clauses (iii) and (iv)), and maximum Rs.15,00,000 for a joint account; aggregate individual holdings are capped at Rs.9,00,000 for single accounts and Rs.15,00,000 for joint accounts.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
National Savings Monthly Income Account limits: Rs.1,000 minimum, Rs.9 lakh single-account cap, Rs.15 lakh joint-account cap.
Para 4 sets minimum and maximum deposit rules: minimum Rs.1,000 (or multiples), only one deposit per account, maximum Rs.9,00,000 for a single account (including accounts under paragraph 3 clauses (iii) and (iv)), and maximum Rs.15,00,000 for a joint account; aggregate individual holdings are capped at Rs.9,00,000 for single accounts and Rs.15,00,000 for joint accounts.
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