National Savings Monthly Income Account interest rate set at 7.7% p.a. for deposits from 1 October 2018. The National Savings (Monthly Income Account) Amendment Rules, 2017 insert clause (r) into rule 8(1) of the principal rules prescribing an interest rate of 7.7 per cent. per annum for deposits made on or after 1 October 2018; the amendment is made under section 15 of the Government Savings Promotion Act and is deemed to have come into force on 1 October 2018.
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 interest rate set at 7.7% p.a. for deposits from 1 October 2018.
The National Savings (Monthly Income Account) Amendment Rules, 2017 insert clause (r) into rule 8(1) of the principal rules prescribing an interest rate of 7.7 per cent. per annum for deposits made on or after 1 October 2018; the amendment is made under section 15 of the Government Savings Promotion Act and is deemed to have come into force on 1 October 2018.
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