National Savings Certificates (VIII Issue) (Amendment) Scheme, 2020

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....on Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme to amend the National Savings Certificates (VIII Issue) Scheme, 2019, namely:- 1. (1) This Scheme may be called the National Savings Certificates (VIII Issue) (Amendment) Scheme, 2020. (2) They shall be deemed to have come into force on the 1st day of April, 2020. 2. In the National Savings Certificates (VI....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....with one thousand rupees shall be one thousand three hundred eighty nine rupees and forty nine paisa and proportionate for deposits made with any other sum as per sub-paragraph (1) of paragraph 4. In calculation of maturity value, any amount in fraction of a rupee shall be rounded off to the nearest rupee and for this purpose, any amount of fifty paisa or more shall be treated as one rupee and any....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rth Year 82.84 Fifth Year 88.47 Note: The amount of interest accruing on a certificate of any other denomination shall be proportionate to the amount specified in the Tables above." 3. In paragraph 7 of the said Scheme, in sub-paragraph(4), for the TABLE, the following TABLES shall be substituted, namely:- "TABLE-1 [Table showing premature closure value of account opened betwe....