National Savings Monthly Income Account deposits from 1 Oct 2022 bear interest at 6.7% per annum. The Scheme is deemed to have come into force on 1st October, 2022 and amends paragraph 5 of the 2019 Scheme by substituting the phrase 'on or after the 1st day of April, 2020' with 'between 1st April, 2020 to 30th September, 2022 (both days inclusive)' and by inserting that deposits made on or after 1st October, 2022 shall bear interest at the rate of 6.7 per cent. per annum.
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Provisions expressly mentioned in the judgment/order text.
National Savings Monthly Income Account deposits from 1 Oct 2022 bear interest at 6.7% per annum.
The Scheme is deemed to have come into force on 1st October, 2022 and amends paragraph 5 of the 2019 Scheme by substituting the phrase "on or after the 1st day of April, 2020" with "between 1st April, 2020 to 30th September, 2022 (both days inclusive)" and by inserting that deposits made on or after 1st October, 2022 shall bear interest at the rate of 6.7 per cent. per annum.
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