https://www.taxtmi.com/acts?id=6886 Deposits earn simple interest at the initial fixed rate and thereafter at annual rates specified by the Development Bank, calculated from the first day of the month following the month the deposit is credited; if any withdrawal occurs during a financial year, interest is computed on the basis of the minimum monthly balance; interest for the year or part thereof is credited to the designated account soon after the financial year closes. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 05 Mar 2009 11:29:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6886 Deposits earn simple interest at the initial fixed rate and thereafter at annual rates specified by the Development Bank, calculated from the first day of the month following the month the deposit is credited; if any withdrawal occurs during a financial year, interest is computed on the basis of the minimum monthly balance; interest for the year or part thereof is credited to the designated account soon after the financial year closes. Act-Rules Direct Taxes Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6886