National Savings Certificates (IX Issue) Amendment Rules, 2014.

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....tes Act, 1959 (46 of 1959), the Central Government hereby makes the following rules further to amend the National Savings Certificates (IX Issue) Rules, 2011, namely:- 1. (1) These rules may be called the National Savings Certificates (IX Issue) Amendment Rules, 2014.     (2) They shall be deemed to have come into force on the 1st day of April, 2014. 2. In the National Savi....

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....e of the certificate. TABLE Year for which interest accrues Amount of interest (rupees) accruing on certificate of Rs. 100 denomination First Year  8.99 Second Year 9.80  Third Year 10.68  Fourth Year 11.64  Fifth Year 12.69  Sixth Year 13.83  Seventh Year 15.08  Eighth Year 16.43  Ninth Yea....

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....ed under rule 15 and after adjustment of discount, shall be as specified in the Table below for a certificate of Rs. 100 denomination and at a proportionate rate for a certificate of any other denomination. TABLE Period from  date of  certificate to  date of its encashment Amount payable inclusive of interest (rupees) (1) (2) 3 years or more, but less t....

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.... 180.22  8 years and 6 months or more, but less than 9 years 186.98  9 years or more, but less than 9 years and 6 months 193.99  9 years and 6 months or more, but less than 10 years     201.27 .". EXPLANATORY MEMORANDUM The Ministry of Finance, Department of Economic Affairs (Budget Division) vide its O.M.No.6-1/2011-NS.II ....