National Savings Scheme Rules, 1992

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.... rules. Namely :- 1. Short title and commencement.- (1) These rules may be called the National Savings Scheme Rules, 1992. (2) They shall come into force on the 1st day of October, 1992. 2. Definitions.- In these rules, unless the context otherwise requires :- (a) "account" means a savings account opened by a depositor in accordance with the scheme; (b) "Act" means the Government ....

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....ed in the Post Office Savings Banks General Rules, 1981, shall have the meanings respectively assigned to them in these rules. 3. Application of the Post Office Savings Bank General Rules, 1981 and the Post Office Savings Account Rules, 1981.- The provisions of the Post Office Savings Banks General Rules, 1981 and the Post Office Savings Account Rules 1981, so far as may be, apply in relatio....

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....and in respect of which he has exercised option under that scheme to transfer the said deposits to an account opened by him under this Scheme shall be deemed to be deposits under this Scheme and all the provisions of this Scheme shall apply accordingly. 6. Interest on deposits.- (1) The interest at the rate of eleven per cent per annum shall be allowed for a calendar month on the lowest bala....

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....num upto the date of its withdrawal. 8. Pass Book.- (1) On opening an account, the depositor, shall be given a Pass Book bearing the number of his account, his name address and entry of his first deposit duly initialled by an authorised official of the post office. (2) The Pass Book shall ordinarily be presented for all deposits and withdrawals. 9. Confirmation of balance- The deposit....