Monthly Income Account rules commence 15 August 1987; no deduction if account closed after three years. The rules are titled the National Savings (Monthly Income Account) Rules, 1987, made under section 15 of the Government Savings Bank Act, 1873, and commence on 15 August 1987. An amendment stipulates that no deduction shall be made if an account is closed after expiry of three years from the date of opening. The instrument reflects the substitution of the earlier 'Post Office' title with the present National Savings designation by subsequent notification.
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.
Monthly Income Account rules commence 15 August 1987; no deduction if account closed after three years.
The rules are titled the National Savings (Monthly Income Account) Rules, 1987, made under section 15 of the Government Savings Bank Act, 1873, and commence on 15 August 1987. An amendment stipulates that no deduction shall be made if an account is closed after expiry of three years from the date of opening. The instrument reflects the substitution of the earlier "Post Office" title with the present National Savings designation by subsequent notification.
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