Investment limit for National Defence Certificates revised; administrative notice directs compliance with higher ceilings. The Board amends prior Instruction No. 698 to revise investment ceilings for 12-year National Defence Certificates (discontinued from 14-3-1970), increasing the permissible limits to Rs. 35,000 for single accounts and Rs. 70,000 for joint accounts in place of the former Rs. 25,000 and Rs. 50,000, and directs assessing officers to be notified for necessary action.
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Investment limit for National Defence Certificates revised; administrative notice directs compliance with higher ceilings.
The Board amends prior Instruction No. 698 to revise investment ceilings for 12-year National Defence Certificates (discontinued from 14-3-1970), increasing the permissible limits to Rs. 35,000 for single accounts and Rs. 70,000 for joint accounts in place of the former Rs. 25,000 and Rs. 50,000, and directs assessing officers to be notified for necessary action.
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