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of <h1>National Savings Scheme deposits: monthly interest on lowest 10th-to-month-end balance, credited yearly; rates vary, no interest after 1 Oct 2024</h1> Prescribes the method and applicable rates for crediting interest on deposits under the National Savings Scheme Rules, 1992, by allowing monthly interest on the lowest balance between the close of the tenth day and month-end and crediting it annually, with rates varying by period: 11% (1 October 1992-14 January 2000), 10.5% (15 January 2000-before 1 March 2001), 9% (1 March 2001-before 1 March 2002), 8.5% (1 March 2002-before 1 March 2003), and 7.5% (1 March 2003-before 1 October 2024), and providing that balances on or after 1 October 2024 bear no interest. Requires rounding of interest to the nearest rupee by ignoring fractions below fifty paise and rounding up fractions of fifty paise or more.
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