TaxTMI 
TaxTMI 
Encashment on maturity
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....ear up to the end of the fifth year, shall be deemed to have been re-invested on behalf of the holder and aggregated with the amount of face value of the certificate. Table The year for which interest accrues Amount of interest (Rs.) accruing on certificate of ₹ 100 denomination First year 12.40 Second year 13.90 Third year 15.60 Fourth year 17.50 Fifth year 19.70 Sixth year 22.40 Note: The amount of interest accruing on a certificate of any other denomination shall be proportionate to the amount specified in Table above. (2) Where a certificate has been purchased on or after the 1st day of January, 1999 the amount, inclusive of interest, payable on encashment of the certificate at any time after the expiry of its mat....
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.... aggregated with the amount of face value of the certificate. Table The year for which interest accrues Amount of interest accruing on certificate of ₹ 100 denomination (Rupees) First year 11.30 Second year 12.58 Third year 14.00 Fourth year 15.58 Fifth year 17.35 Sixth year 19.31 Note: The amount of interest accruing on a certificate of any other denomination shall be proportionate to the amount specified in the Table above.] [(4) Where a certificate has been purchased on or after the 1st day of March, 2001 [but before the 1st day of March, 2002,] the amount inclusive of interest, payable on encashment of the certificate at any time after the expiry of its maturity period shall be ₹ 174.52 for denomination of ....
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....d with the amount of face value of the certificate. Table The year for which interest accrues Amount of interest (Rs.) accruing oncertificate of ₹ 100 denomination First year 9.20 Second year 10.05 Third year 10.97 Fourth year 11.98 Fifth year 13.09 Sixth year 14.29 Note: The amount of interest accruing on a certificate of any other denomination shall be proportionate to the amount specified in the Table above.] [(6) Where a certificate has been purchased on or after the 1st day of March, 2003, the amount inclusive of interest, payable on encashment of the certificate at any time after the expiry of its maturity period shall be ₹ 160.10 for denomination of ₹ 100 and at proportionate rate for any other deno....
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....of the holder and aggregated with the amount of face value of the certificate. TABLE The year for which interest accrues Amount of interest (rupees) accruing on certificate of ₹ 100 denomination First year 8.58 Second year 9.31 Third year 10.11 Fourth year 10.98 Fifth year 11.92 Note: The amount of interest accruing on a certificate of any other denomination shall be proportionate to the amount specified in the Table above] 4[(6B) Where a certificate has been purchased on or after the 1st day of April, 2012 the maturity period of a certificate of any denomination, shall be five years, commencing from the date of issue of the certificate. The amount inclusive of interest, payable on encashment of the certificate at any....