Post Office Monthly Income Account: specified interest rates established for deposits according to deposit date ranges, effective on publication. The Central Government substitutes sub rule (1) of rule 8 of the Post Office (Monthly Income Account) Rules, 1987, prescribing tiered annual interest rates for deposits tied to specified deposit date ranges, with the schedule culminating in 9.5% per annum for deposits made on or after 1 March 2001; the amendment takes effect on publication in the Official Gazette.
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Provisions expressly mentioned in the judgment/order text.
Post Office Monthly Income Account: specified interest rates established for deposits according to deposit date ranges, effective on publication.
The Central Government substitutes sub rule (1) of rule 8 of the Post Office (Monthly Income Account) Rules, 1987, prescribing tiered annual interest rates for deposits tied to specified deposit date ranges, with the schedule culminating in 9.5% per annum for deposits made on or after 1 March 2001; the amendment takes effect on publication in the Official Gazette.
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