Interest of deposit

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....nt, per annum in respect of deposits made on or after the 1st day of January, 1999 but before the 15th day of January, 2000; (e) 11 per cent, per annum in respect of deposits made on or after the 15th day of January, 2000 but before the 1st day of March, 2001; (f) 9.5 per cent, per annum in respect of deposits made on or after ^7[the 1st day of March 2001 but before the 1st day of March, 2002.]] ^8[(g) 9 per cent. Per annum in respect of deposits made on or after the 1st day of march, 2002.[but before the 1st day of March, 2003;]] [(h) 8 per cent per annum in respect of deposits made on or after the 1st day of March, 2003.] ^9[(i) 8.2 per cent. per annum in respect of deposits made on o....

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....limit on balances in savings account is not exceeded. ^12[Provided that in case the account stands at the post office working on Core Banking platform and if so authorised, interest payable monthly shall be credited by the post office in the savings account of the depositor standing at any such post office or any branch of a bank.] (4) If the interest payable every month is not claimed by a depositor, such interest will not earn any additional interest. ^5[(5) Interest shall be rounded off to nearest multiple of rupee one and for this purpose any amount of 50 paise or more shall be treated as rupee one and any amount less than 50 paise shall be ignored.]  [(6) A Post office shall, as soon as it comes to the notice that a de....

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.... shall bear interest at the rate of 14 per cent per annum.] ^2[The deposit made on or after the 2nd September, 1993 shall bear interest at the rate of 13 per cent per annum.] ^3[The deposit made on or after the 1st January, 1999 shall bear interest at the rate of 12 per cent per annum.] ^4[The deposit made on or after the 15th day of January, 2000 shall bear interest at the rate of 11 per cent, per annum.]" 7. Substituted vide Notification No. G.S.R. 161(E) dated 01-03-2002 w.e.f. 01-03-2002 before it was read as, "the 1st day of March, 2001" 8. Inserted vide Notification No. G.S.R. 161(E) dated 01-03-2002 w.e.f. 01-03-2002 9. Inserted vide Notification No. G.S.R. 845(E) dated 25-11-2011 w.e....