Post Office Savings Account Rules - interest on the balance at credit of an account shall be allowed at the rate of four per cent, per annum - with effect from 1-12-2011 - F.No. 1/10/2011-NS-II - Income Tax Act, 1961
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Interest rate on post office savings accounts fixed by notification as an annual rate, effective from early December. Government notification under the Post Office Savings Account Rules, 1981 fixes interest on balances at credit of Post Office savings accounts at an annual rate of four per cent, effective from 1 December 2011, specifying the operative interest payable on deposited balances.
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.
Interest rate on post office savings accounts fixed by notification as an annual rate, effective from early December.
Government notification under the Post Office Savings Account Rules, 1981 fixes interest on balances at credit of Post Office savings accounts at an annual rate of four per cent, effective from 1 December 2011, specifying the operative interest payable on deposited balances.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.