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of <h1>Amendment to Indira Vikas Patra Rules: Revised Interest Accrual for Certificates Purchased from April 1987 to February 1988</h1> The Indira Vikas Patra (Amendment) Rules, 1989, issued by the Central Government under the Government Savings Certificates Act, 1959, amends the Indira Vikas Patra Rules, 1986. Effective from the date of publication in the Official Gazette, the amendment revises sub-rule (4) of rule 8. It specifies that for certificates purchased between April 1, 1987, and February 29, 1988, interest at 13.43% per annum, compounded annually, is deemed accrued at each year's end for tax purposes over five and a half years from the purchase date.
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