Payment on Maturity

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....all 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 amount less than fifty paisa shall be ignored.] ^2[(2A) The maturity value of an account opened ^4[between 1st April, 2020 to 31st December, 2022 (both days inclusive)] 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 amount less than fifty paisa shall be....

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....lf of the holder and aggregated with the amount of face value of the certificate. ^3[TABLE-1 [For the certificates purchased between 12th December, 2019 to 31st March, 2020 (both days inclusive)] The year for which interest accrues Amount of interest (rupees) accruing on certificate of Rs. 1000 denomination First Year 79.00 Second Year 85.24 Third Year 91.98 Fourth Year 99.24 Fifth Year 107.08 TABLE-2 [For the certificates purchased ^6[between 1st April, 2020 to 31st December, 2022 (both days inclusive)]] The year for which interest accrues Amount of interest (rupees) accruing on certificate of Rs. 1000 denomination First Year 68.00 Second Year 72.62 Third Year 77.56 ....

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....deposits made with any other sum as per subparagraph (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 amount less than fifty paisa shall be ignored." 2. Inserted vide G.S.R. No. 284(E) dated 05-05-2020 w.e.f. 01-04-2020 3. Substituted vide G.S.R. No. 284(E) dated 05-05-2020 w.e.f. 01-04-2020 before it was read as, "TABLE The year for which interest accrues Amount of interest (rupees) accruing on certificate of 1000 rupees denomination First Year 79.00 Second Year 85.24 Third Year 91.98 Fourth Year 99.24 Fifth Year....