https://www.taxtmi.com/acts?id=7002 The scheme requires interest on deposits to be calculated at the highest State Bank of India rupee term deposit rate prevailing at the end of the financial year; withdrawals during a year cause interest to be computed on the minimum monthly balance. Interest is credited only to the scheme account and payable to the depositor only for authorised utilisation or on account closure; gross interest credited is evidenced by Form C and deemed a new deposit in that year. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 05 Mar 2009 10:20:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7002 The scheme requires interest on deposits to be calculated at the highest State Bank of India rupee term deposit rate prevailing at the end of the financial year; withdrawals during a year cause interest to be computed on the minimum monthly balance. Interest is credited only to the scheme account and payable to the depositor only for authorised utilisation or on account closure; gross interest credited is evidenced by Form C and deemed a new deposit in that year. Act-Rules Direct Taxes Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7002