TaxTMI 
TaxTMI 
National Savings Certificates (VIII Issue) Amendment Rules, 2014
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....cates Act, 1959 (46 of 1959), the Central Government 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, 2014. (2) They shall be deemed to have come into force on the 1st day of April, 2014. 2. In the National Savings Certifica....
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....s. 100 and at proportionate rate for any other denomination, and the interest as specified in the Table below shall accrue to the holder or holders of the certificate at the end of each year and the interest so accrued at the end of each year upto the end of the fourth year shall be deemed to have been reinvested on behalf of the holder and aggregated with the amount of face value of the certifica....
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....ate is encashed under sub-rule (1) after the expiry of three years from the date of certificate, purchased on or after the 1st day of April 2014, the amount payable, inclusive of interest 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. ....
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....s Funds (NSSF). Accordingly, the rates of interests on various small savings schemes for the financial year 2014-15 revised with effect from Ist April, 2014, have been communicated vide its O.M. No. 6-1/2011-NS.II, dated the 4th March, 2014. It is certified that the interests of no deposit holder shall be prejudicially affected by the retrospective effect given to the notification. [F. No. 6-1/....