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    <title>National Savings Certificates (VIII Issue) (Amendment Rules), 2018</title>
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    <description>Certificates purchased on or after 1 January 2018 have a five-year maturity from issue; Rs.100 redemption at maturity is Rs.144.23 (proportionate for other denominations). Annual interest for Rs.100 accrues as Rs.7.60, Rs.8.18, Rs.8.80, Rs.9.47 and Rs.10.19 for years one through five; interest accrued through year four is deemed reinvested and aggregated with face value. Specific tiered encashment amounts apply for encashment after three years, with proportionate rates for other denominations after discount adjustment.</description>
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      <title>National Savings Certificates (VIII Issue) (Amendment Rules), 2018</title>
      <link>https://www.taxtmi.com/notifications?id=144519</link>
      <description>Certificates purchased on or after 1 January 2018 have a five-year maturity from issue; Rs.100 redemption at maturity is Rs.144.23 (proportionate for other denominations). Annual interest for Rs.100 accrues as Rs.7.60, Rs.8.18, Rs.8.80, Rs.9.47 and Rs.10.19 for years one through five; interest accrued through year four is deemed reinvested and aggregated with face value. Specific tiered encashment amounts apply for encashment after three years, with proportionate rates for other denominations after discount adjustment.</description>
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