National Savings Certificates (VIII Issue) Amendment Rules, 2002.

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....nt hereby makes the following rules further to amend the National Savings Certificates (VIII Issue) Rules, 1989, namely: - 1. (1) These rules may be called the National Savings Certificates (VIII Issue) Amendment Rules, 2002. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the National Savings Certificates (VIII Issue) Rules, 1989 (hereinafter refe....

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....d of each year and the interest so accrued at the end of each year upto the end of the fifth year shall be deemed to have been reinvested 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 Rs. 100 denomination. First Year 9.20 Second Year 10.05 Third Year 10....

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....st accrued 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 the date of the certificate to the date of its encashment Amount payable inclusive of interest (Rupees) Three years or more, but less than three years and six mont....