National Savings Certificates now may be issued through banks as well as post offices under amended rules. The amendment inserts a definition of Bank as any branch of a public or private sector commercial bank authorised by the Government to issue certificates and substitutes the words 'post office' with 'post office or bank' in the rule governing issuance, thereby permitting authorised banks to issue National Savings Certificates under the existing regulatory framework.
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Provisions expressly mentioned in the judgment/order text.
National Savings Certificates now may be issued through banks as well as post offices under amended rules.
The amendment inserts a definition of Bank as any branch of a public or private sector commercial bank authorised by the Government to issue certificates and substitutes the words "post office" with "post office or bank" in the rule governing issuance, thereby permitting authorised banks to issue National Savings Certificates under the existing regulatory framework.
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