Post Office Time Deposit amendment replaces interest table and adds new rates effective from the specified implementation date. The Post Office Time Deposit (Amendment) Rules, 2012 amend Rule 7 of the Post Office Time Deposit Rules, 1981 by narrowing the applicability bracket of Table-R to deposits made on or after the earlier specified date but before the first day of April, 2012, and by inserting Table-S to apply to deposits made on or after the first day of April, 2012 setting out the rates of interest per annum for specified deposit periods; the Notes are amended to refer to 'Table R or Table S.'
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Post Office Time Deposit amendment replaces interest table and adds new rates effective from the specified implementation date.
The Post Office Time Deposit (Amendment) Rules, 2012 amend Rule 7 of the Post Office Time Deposit Rules, 1981 by narrowing the applicability bracket of Table-R to deposits made on or after the earlier specified date but before the first day of April, 2012, and by inserting Table-S to apply to deposits made on or after the first day of April, 2012 setting out the rates of interest per annum for specified deposit periods; the Notes are amended to refer to "Table R or Table S."
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