Authorisation of Banks to Accept Subscriptions with conditions under the National Savings Certificates (VIII Issue) Scheme, 1989 and Associated Conditions - F. No. 7/10/2014-NS - Income Tax Act, 1961

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National Savings Certificates subscriptions: public and specified private banks authorised subject to operational, remittance, penalty and reporting conditions. All public sector banks and specified private banks are authorised to accept subscriptions under the National Savings Certificates (VIII Issue) Scheme, 1989, subject to conditions: dedicated small-savings software, online operations for CBS branches and manual operations for non-CBS branches, remittance to RBI Central Accounts Section Nagpur within one day (CBS) or three days (non-CBS), specified penalties for delayed remittances, pre-declaration of non-participating branches, bank liability for non-performance and recoverability by the Central Government, and periodic reporting requirements.

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National Savings Certificates subscriptions: public and specified private banks authorised subject to operational, remittance, penalty and reporting conditions.

All public sector banks and specified private banks are authorised to accept subscriptions under the National Savings Certificates (VIII Issue) Scheme, 1989, subject to conditions: dedicated small-savings software, online operations for CBS branches and manual operations for non-CBS branches, remittance to RBI Central Accounts Section Nagpur within one day (CBS) or three days (non-CBS), specified penalties for delayed remittances, pre-declaration of non-participating branches, bank liability for non-performance and recoverability by the Central Government, and periodic reporting requirements.

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Authorisation of Banks to Accept Subscriptions with conditions under the National Savings Certificates (VIII Issue) Scheme, 1989 and Associated Conditions - F. No. 7/10/2014-NS - Income Tax Act, 1961

National Savings Certificates subscriptions: public and specified private banks authorised subject to operational, remittance, penalty and reporting conditions.

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Authorisation of Banks to Accept Subscriptions with conditions under the National Savings Certificates (VIII Issue) Scheme, 1989 and Associated Conditions - F. No. 7/10/2014-NS - Income Tax Act, 1961

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National Savings Certificates subscriptions: public and specified private banks authorised subject to operational, remittance, penalty and reporting conditions.

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