National Savings Monthly Income Account interest rate set at 7.6% per annum for deposits from 1 July 2019. The amendment inserts a new clause into rule 8(1) of the National Savings (Monthly Income Account) Rules, 1987 fixing the rate at 7.6 per cent per annum for deposits made on or after 1 July 2019; the National Savings (Monthly Income Account) Amendment Rules, 2019 are deemed to have come into force on that date and are notified by the Ministry of Finance under the government's rulemaking authority.
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 7.6% per annum for deposits from 1 July 2019.
The amendment inserts a new clause into rule 8(1) of the National Savings (Monthly Income Account) Rules, 1987 fixing the rate at 7.6 per cent per annum for deposits made on or after 1 July 2019; the National Savings (Monthly Income Account) Amendment Rules, 2019 are deemed to have come into force on that date and are notified by the Ministry of Finance under the government's rulemaking authority.
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