National Savings Scheme Rules, 1992
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.... the Central Government hereby mates the following 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 1^st day of October, 1992. 2. Definitions.- In these rules, unless the context otherwise requires :- (a) "account" means a savings account opened by a depositor ....
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....; (f) "year" means a year commencing on 1^st day of April; (g) words and expressions used herein and not defined 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 th....
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....e hundred rupees. (3) The deposits made by a depositor in the National Savings Scheme, 1987 on or after the 1^st day of April, 1992, but before the 1^st day of October, 1992 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 S....
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....was opened, at the option of the depositor. (3) The deposits or interest amount not withdrawn after it becomes due, will continue to earn interest at the rate of eleven per cent per annum upto the date of its withdrawal. 8.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 d....
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