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    <title>National Savings Certificates (VIII Issue) (Amendment Rules), 2016</title>
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    <description>The amendment sets a five-year maturity for certificates purchased on or after 1 April 2016, with annual interest accrued and interest for the first four years deemed reinvested and aggregated with face value. It specifies interest amounts per Rs.100 for each year and provides a graduated encashment payout table for encashments after three years, applying proportionately to other denominations and subject to discount adjustment.</description>
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      <description>The amendment sets a five-year maturity for certificates purchased on or after 1 April 2016, with annual interest accrued and interest for the first four years deemed reinvested and aggregated with face value. It specifies interest amounts per Rs.100 for each year and provides a graduated encashment payout table for encashments after three years, applying proportionately to other denominations and subject to discount adjustment.</description>
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