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    <title>NATIONAL SAVINGS CERTIFICATES (IX ISSUE) (AMENDMENT) RULES, 2012 - AMENDMENT IN RULES 15 AND 16.</title>
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    <description>Amendment treats annual interest for the first four years on certificates purchased on or after the effective date as deemed reinvested and prescribes specific annual interest accruals for a standard denomination with proportionate amounts for other denominations. It also adds an encashment schedule specifying amounts payable inclusive of accrued interest, after discount adjustment, for successive holding period bands for certificates encashed after the minimum holding period, applied proportionately to other denominations.</description>
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      <description>Amendment treats annual interest for the first four years on certificates purchased on or after the effective date as deemed reinvested and prescribes specific annual interest accruals for a standard denomination with proportionate amounts for other denominations. It also adds an encashment schedule specifying amounts payable inclusive of accrued interest, after discount adjustment, for successive holding period bands for certificates encashed after the minimum holding period, applied proportionately to other denominations.</description>
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