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    <title>National Savings Certificates (VIII Issue) (Amendment Rules), 2016</title>
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    <description>Certificates purchased on or after 1st October 2016 have a five year maturity; a Rs.100 certificate matures to Rs.146.93 and interest accrues annually at specified rupee amounts (8.00; 8.64; 9.33; 10.08; 10.88), with accrued interest at each year end through the fourth year deemed reinvested and added to face value. Encashment before maturity but after three years is valued under graduated bands for Rs.100 (122.50; 126.72; 131.08; 135.59) with proportionate amounts for other denominations. Transitional references to the earlier 1st April 2016 cutoff are replaced to reflect the new effective date.</description>
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      <description>Certificates purchased on or after 1st October 2016 have a five year maturity; a Rs.100 certificate matures to Rs.146.93 and interest accrues annually at specified rupee amounts (8.00; 8.64; 9.33; 10.08; 10.88), with accrued interest at each year end through the fourth year deemed reinvested and added to face value. Encashment before maturity but after three years is valued under graduated bands for Rs.100 (122.50; 126.72; 131.08; 135.59) with proportionate amounts for other denominations. Transitional references to the earlier 1st April 2016 cutoff are replaced to reflect the new effective date.</description>
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