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        Case ID :
        Income Tax

        National Savings (Monthly Income Account) Amendment Rules, 2017 - G.S.R. 32(E) - Income Tax Act, 1961

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        National Savings Monthly Income Account now offers 7.3% per annum for deposits made on or after Jan 1, 2018. The amendment adds clause (q) to rule 8(1) of the National Savings (Monthly Income Account) Rules, 1987, prescribing an interest rate of 7.3 per cent. per annum for deposits made on or after 1 January 2018, with the amendment deemed to have come into force on that date.
                      Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                        Provisions expressly mentioned in the judgment/order text.

                            National Savings Monthly Income Account now offers 7.3% per annum for deposits made on or after Jan 1, 2018.

                            The amendment adds clause (q) to rule 8(1) of the National Savings (Monthly Income Account) Rules, 1987, prescribing an interest rate of 7.3 per cent. per annum for deposits made on or after 1 January 2018, with the amendment deemed to have come into force on that date.


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