https://www.taxtmi.com/notifications?id=24443 The amendment inserts Table-R, applicable to deposits made on or after 1 December 2011, specifying annual interest rates for one-, two-, three- and five-year deposits and revises rule 7's Notes to reference Table Q or Table R. Rule 8 is revised so that premature withdrawals after six months but before one year earn simple interest at the Post Office savings rate, while withdrawals after one year in multi-year accounts earn interest for completed years and months at a rate one percent less than the relevant tenure rate specified in the applicable Table under rule 7. en-us Fri, 25 Nov 2011 00:00:00 +0530 Tue, 29 Nov 2011 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=24443 The amendment inserts Table-R, applicable to deposits made on or after 1 December 2011, specifying annual interest rates for one-, two-, three- and five-year deposits and revises rule 7's Notes to reference Table Q or Table R. Rule 8 is revised so that premature withdrawals after six months but before one year earn simple interest at the Post Office savings rate, while withdrawals after one year in multi-year accounts earn interest for completed years and months at a rate one percent less than the relevant tenure rate specified in the applicable Table under rule 7. Notifications Income Tax Fri, 25 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/notifications?id=24443