National Savings Certificates payments on maturity and premature encashment may be rounded to the nearest rupee. The rules add rounding provisions for payments on maturity and premature encashment of National Savings Certificates (VIII Issue): payable amounts may be rounded to the nearest whole rupee; fifty paise or more are treated as one rupee and less than fifty paise are ignored.
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Provisions expressly mentioned in the judgment/order text.
National Savings Certificates payments on maturity and premature encashment may be rounded to the nearest rupee.
The rules add rounding provisions for payments on maturity and premature encashment of National Savings Certificates (VIII Issue): payable amounts may be rounded to the nearest whole rupee; fifty paise or more are treated as one rupee and less than fifty paise are ignored.
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