Rule, 2014
A rule made under the The Government Savings Promotion Act, 1873.
Made under The Government Savings Promotion Act, 1873.
Text
Reproduced from the document India Code holds for this instrument. The Gazette prints Hindi and English side by side and this is the English; the Department's own PDF remains the authority.
EXTRAORDINARY
PUBLISHED BY AUTHORITY
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 11th July, 2014
G.S.R. 490(E).—In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Time Deposit Rules, 1981, namely:—
1. (1) These rules may be called the Post Office Time Deposit (Amendment) Rules, 2014.
(2) They shall be deemed to have come into force on the 1 st day of April, 2014.
2. In the Post Office Time Deposit Rules, 1981, in rule 7,— (A) under the heading “Table-T”, for the brackets, words, figures and letters “(For deposits made on or after the 1 st April, 2013)”, the brackets, words, figures and letters, “(For deposits made on or after the 1 st day of April, 2013 but before the 1 st day of April, 2014)” shall be substituted;
(B) after Table-T, the following Table shall be inserted, namely:— “Table U [For deposits made on or after the 1st April, 2014] Period of deposit Rate of interest per cent per annum 1 year 8.4 2 years 8.4 3 years 8.4 5 years 8.5”.
(C) in the Notes, in paragraph (2), for the word and letter “Table T”, the words and letters “Table T or Table U” shall be substituted.
EXPLANATORY MEMORANDUM
The Ministry of Finance, Department of Economic Affairs (Budget Division) vide its O.M. No. 6-1/2011-NS.II (Pt.), dated the 11 th November, 2011 has communicated to all concerned the various decisions taken by the Government on the recommendations of the Shyamala Gopinath Committee for comprehensive review of National Small Savings Fund (NSSF). Accordingly, the rates of interests on various small savings schemes for the financial year 2014-15 revised with effect from 1 st April, 2014, have been communicated vide its O.M. No. 6-1/2011-NS-II, dated the 4 th March, 2014. It is certified that the interests of no deposit holder shall be prejudicially affected by the retrospective effect given to the notification. RAJAT BHARGAVA, Jt. Secy.
Note : The principal rules were published vide number
G.S.R. 664(E), dated the 17th December, 1981, and subsequently amended vide numbers
G.S.R. 300(E), dated the 1st April, 1982,
G.S.R. 257(E), dated the 11th March, 1983,
G.S.R. 502(E), dated the 9th July, 1984,
G.S.R. 418(E), dated the 10th May, 1985,
G.S.R. 193(E), dated the 12th February, 1986,
G.S.R. 362(E), dated the 1st April, 1987,
G.S.R. 1005(E), dated the 23rd December, 1987,
G.S.R. 353(E), dated the 18th March, 1988, dated the 12th September, 1991,
G.S.R. 727(E), dated the 6th December, 1991,
G.S.R. 431(E), dated the 24th April, 1992,
G.S.R. 586(E), dated the 2nd September, 1993,
G.S.R. 118(E), dated the 8th March, 1995,
G.S.R. 5(E), dated the 1st January, 1999,
G.S.R. 43(E), dated the 15th January, 2000, dated the 1st March, 2003,
G.S.R. 589(E), dated the 25th July, 2003,
G.S.R. 286(E), dated the 13th May, 2005,
G.S.R. 479(E), dated the 26th June, 2008,
G.S.R. 742(E), dated the 4th October, 2011,
G.S.R. 846(E), dated the 25th November, 2011, G.S.R. 323(E ), dated the 25th April, 2012,
NOTIFICATION
New Delhi, the 11th July, 2014
G.S.R. 491(E).—In exercise of the powers conferred by Section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Recurring Deposit Rules, 1981, namely:—
1. (1) These rules may be called the Post Office Recurring Deposit (Amendment) Rules, 2014.
(2) They shall be deemed to have come into force on the 1 st day of April, 2014.
2. In the Post Office Recurring Deposit Rules, 1981 (hereinafter referred to as the said rules), in rule 9,—
(a) in the Schedule under clause (a) of sub-rule (1), for the last entries, the following entries shall be substituted, namely:— “From 1.04.2013 to 31.3.2014 (both dates inclusive) 744.53 From 1.04.2014 onwards 746.53”.
(b) in the Schedule under clause (a) of sub-rule (2), for the last entries, the following entries shall be substituted, namely:— “From 1.04.2013 to 31.3.2014 (both dates inclusive) 744.53 From 1.04.2014 onwards 746.53.”.
3. In rule 10 of the said rules, in sub-rule (2), in items (a) and (c), for the words and figures “Tables 1, 2, 11, 13, 17, 20, 22, 26, 29, 32, 35, 38, 41 ,44, 47 or 50”, the words and figures “Tables 1, 2, 11, 13 17, 20, 22, 26, 29, 32, 35, 38, 41, 44, 47, 50 or 53” shall be substituted.
4. In rule 11 of the said rules, in sub-rule (2), in items (b) and (c), for the words and figures “Tables 3, 4, 12, 14, 18, 21, 23, 27, 30, 33, 36, 39, 42, 45, 48 or 51”, the words and figures “Tables 3, 4, 12, 14, 18, 21, 23, 27, 30, 33, 36, 39, 42, 45, 48, 51 or 54” shall be substituted.
5. In rule 12 of the said rules,-
(a) in sub-rule (1), in item (b), in sub-item (ii), for the words and figures “Tables 5, 6, 7, 8, 9 10, 15, 16, 19, 24, 25, 28, 31, 34, 37, 40, 43, 46, 49 or 52”, the words and figures “Tables 5, 6, 7, 8, 9, 10, 15, 16, 19, 24, 25, 28, 31, 34, 37, 40, 43, 46, 49, 52 or 55” shall be substituted;
(b) in sub-rule (3) and sub-rule (4), for the words and figures “Tables 5, 6, 7, 8, 9, 10, 15, 16, 19, 24, 25, 28, 31, 34, 37, 40, 43, 46, 49 or 52”, the words and figures “Tables 5, 6, 7, 8, 9, 10, 15, 16, 19, 24, 25, 28, 31, 34, 37, 40, 43, 46, 49, 52 or 55” shall be substituted.
6. After Table 49 of the said rules, the following Tables shall be inserted, namely:— “Table 53 (See rule 10) Amount, inclusive of interest, payable on an account opened on or after the 1 st day of April, 2014 and continued, with monthly deposits, beyond the maturity period or maturity period as extended under sub-rule
(1) of rule 7.
Number of completed years for which account continued Amount ( rupees) repayable on an account of Rs. 10 denomination One year 936.64 Two years 1143.22 Three years 1367.71 Four years 1611.66 Five years 1876.76 Note: The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
Table 54 (See rule 11) Amount, inclusive of interest, repayable on an account opened on or after the 1 st day of April, 2014 and continued, without any fresh monthly deposits, beyond the maturity period or maturity period as extended under sub-rule (1) of rule 7.
Number of completed years for which account continued Amount (rupees) repayable on an account of Rs. 10 denomination One year 811.07 Two years 881.20 Three years 957.41 Four years 1040.23 Five years 1130.23 Note: The amount repayable on an account of any other denomination shall be proportionate to the amount specified above.
Table 55 (See rule 12) Amount, payable to legal heir or nominee on the death of the depositor in a Five Year Recurring Deposit Account opened on or after the 1 st day of April, 2014.
Number of deposits made Amount (rupee) for denomination of Rs.10 Number of deposits made Amount (rupee) for denomination of Rs.10 1 to 11 Deposits made 36 410.30 Number of deposits made Amount (rupee) for denomination of Rs.10 Number of deposits made Amount (rupee) for denomination of Rs.10 Note: The amounts shall be proportionate for other denominations.”
EXPLANATORY MEMORANDUM
The Ministry of Finance, Department of Economic Affairs (Budget Division), vide its O.M.No. 6-1/2011-NS.II (Pt.), dated the 11 th November, 2011 has communicated to all concerned the various decisions taken by the Government on the recommendations of the Shyamala Gopinath Committee for comprehensive review of National Small Savings Funds (NSSF). Accordingly, the rates of interest 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 4 th March, 2014. It is certified that the interest of no deposit holder shall be prejudicially affected by the retrospective effect given to the notification. RAJAT BHARGAVA, Jt. Secy.
Note : The principal rules were published vide number G. S. R. 666(E), dated the 17 th December, 1981, and subsequently amended vide numbers
G.S.R. 301(E), dated the 1st April, 1982,
G.S.R. 258(E), dated the 11 th March, 1983,
G.S.R. 62(E), dated the 14 th February, 1984,
G.S.R. 95(E), dated the th February, 1986,
G.S.R. 194(E), dated the 13 th February, 1986,
G.S.R. 363(E), dated the st April, 1987,
G.S.R. 39(E), dated the 16 th January, 1988,
G.S.R. 458(E), dated the 15 th April, 1988, st July, 1989,
G.S.R. 16(E), dated the 9 th dated the 27th March, 1991,
G.S.R. 579(E), dated the 12th September, 1991,
G.S.R. 918(E), dated the th December, 1992,
G.S.R. 42(E), dated the 1 st February, 1993,
G.S.R. 587(E), dated the nd September, 1993,
G.S.R. 2(E), dated the 1st January, 1999,
G.S.R. 748(E), dated the 4th November, 1999,
G.S.R. 44(E), dated the 15 th January, 2000,
G.S.R. 152(E), dated the st March, 2001,
G.S.R. 160(E), dated the 1 st March, 2002,
G.S.R. 514(E), dated the 23rd July, 2002,
G.S.R. 662(E), dated the 23 rd September, 2002,
G.S.R. 175(E), dated the 1 st March, 2003, G.S.R.
588(E), dated the 25 th July, 2003,
G.S.R. 838 (E), dated the 27 th dated the 26 th June, 2008 and
G.S.R. 740(E), dated the 4 th October, 2011 and
G.S.R. 843(E) dated th November, 2011,
G.S.R. 320 (E), dated the 25 th April, 2012, G.S.R. 398 ( E ), dated the th June, 2013 and G.S.R. 221 ( E ), dated the 13 th
NOTIFICATION
New Delhi, the 11th July, 2014
G.S.R. 492(E).—In exercise of the powers conferred by Section 15 of the Government Savings Bank Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Senior Citizens Savings Scheme Rules, 2004, namely:—
1. (1) These rules may be called the Senior Citizen Savings Scheme (Amendment) Rules, 2014.
(2) They shall be deemed to have come into force on the 1st day of April, 2014.
2. In the Senior Citizen Savings Scheme Rules, 2004, in rule 7, in sub-rule (1), after the second proviso, following proviso shall be instered, namely:— “Provided also that in the case of a deposit made under these rules on or after the 1 st day of April, 2014, it shall bear at the rate of 9.2 per cent per annum from the date of deposit.”.
EXPLANATORY MEMORANDUM
The Ministry of Finance, Department of Economic Affairs (Budget Division) vide its O.M. No. 6-1/2011-NS.II (Pt.), dated the 11 th November, 2011 has communicated to all concerned the various decisions taken by the Government on the recommendations of the Shyamala Gopinath Committee for comprehensive review of National Small Savings Fund (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 4 th March, 2014. It is certified that the interests of no deposit holder shall be prejudicially affected by the retrospective effect given to the notification. RAJAT BHARGAVA, Jt. Secy.
Note : The Senior Citizens Savings Scheme Rules, 2004 were published in the Gazette of India (Extraordinary) vide notification number
G.S.R. 490(E), dated the 2 nd August, 2004 and subsequently amended vide numbers
G.S.R. 706(E), dated the 27th October, 2004,
G.S.R. 176(E), dated the 23 rd March, 2006,
G.S.R. 390(E), dated the 24 th May, 2007, G.S.R. 639( E ), dated the th July, 2010, G.S.R. 770( E ), dated the 19 th October, 2011, G.S.R. 321(E ), dated the 25 th April, 2012, G.S.R. 402 ( E ), dated the 25 th June, 2013 and
G.S.R. 224 (E), dated the 13 th March, 2014.
NOTIFICATION
New Delhi, the 11th July, 2014
G.S.R. 493(E).—In exercise of the powers conferred by Section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office (Monthly Income Account) Rules, 1987, namely:—
1. (1) These rules may be called the Post Office (Monthly Income Account) Amendment Rules, 2014.
(2) They shall be deemed to have come into force on the 1 st day of April, 2014.
2. In the Post Office (Monthly Income Account) Rules, 1987, in rule 8, in sub-rule (1), after clause (k), the following shall be inserted, namely: – “(l) 8.4 per cent per annum in respect of deposits made on or after the 1 st day of April, 2014.”.
EXPLANATORY MEMORANDUM
The Ministry of Finance, Department of Economic Affairs (Budget Division) vide its O.M. No. 6-1/2011-NS.II (Pt.), dated the 11 th November, 2011 has communicated to all concerned the various decisions taken by the Government on the recommendations of the Shyamala Gopinath Committee for comprehensive review of National Small Savings Fund (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 4 th March, 2014. It is certified that the interests of no deposit holder shall be prejudicially affected by the retrospective effect given to the notification. RAJAT BHARGAVA, Jt. Secy.
Note : The Principal rules were published vide number
G.S.R. 701(E), dated the 10th August, 1987, and subsequently amended vide numbers
G.S.R. 805(E), dated the 21 st July, 1988,
G.S.R. 46(E), dated the th January, 1989,
G.S.R. 581(E), dated the 12 th September, 1991,
G.S.R. 430(E), dated the th April, 1992,
G.S.R. 390(E), dated the 29 th April, 1993,
G.S.R. 585(E), dated the 2 nd September, 1993,
G.S.R. 5(E), dated the 1 st January, 1999,
G.S.R. 45(E), dated the 15 th January, 2000,
G.S.R. 80(E), dated the 1 st February, 2000,
G.S.R. 613(E), dated the 18 th dated the 1 st March, 2001,
G.S.R. 161(E), dated the 1 st March, 2002,
G.S.R. 350(E), dated the th May, 2002,
G.S.R. 176(E), dated the 1 st March, 2003,
G.S.R. 758(E), dated the 23 rd September, 2003,
G.S.R. 288(E), dated the 13 th May, 2005,
G.S.R. 59(E), dated the 10 th February, 2006,
G.S.R. 521(E), dated the 1 st August, 2007,
G.S.R. 763(E), dated the 8 th December, 2007 and
G.S.R. 741(E), dated the 4 th October, 2011,
G.S.R.845(E), dated the 25 th November, 2011
G.S.R.322(E), dated the 25th April, 2012,
G.S.R. 399(E), dated the 25th June 2013 and
G.S.R. 223(E), dated the 13 th March, 2014.
NOTIFICATION
New Delhi, the 11th July, 2014
G.S.R. 494(E).—In exercise of the powers conferred by section 12 of the Government Savings Certificates 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 Certificates (VIII Issue) Rules, 1989 (hereinafter referred to as the said rules), in rule 15,—
(a) in sub-rule (6C), for the figures, letters and words “1 st day of April, 2013”, the figures, letters and words “1st day of April, 2013 but before the 1st day of April, 2014,” shall be substituted;
(b) after sub-rule (6C) and the Table relating thereto, the following shall be inserted, namely:— “(6D) Where a certificate has been purchased on or after the 1st day of April, 2014, the maturity period of a certificate of any denomination, shall be five years, commencing from the date of issue of the certificate and the amount inclusive of interest, payable on encashment of the certificate at any time after the expiry of its maturity period shall be Rs 151.62 for denomination of Rs. 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 certificate.
TABLE
Year for which interest accrues Amount of interest (rupees) accruing on certificate of Rs. 100 denomination First Year 8.68 Second Year 9.43 Third Year 10.25 Fourth Year 11.14 Fifth Year 12.11”.
Note : The amount of interest accruing on a certificate of any other denomination shall be proportionate to the amount specified in the Table above”.
3. In rule 16 of the said rules, in sub-rule (4),—
(a) in clause (vii), for the figures, letters and words “1st day of April, 2013”, the figures, letters and words “1 st day of April, 2013 but before the 1st day of April, 2014” shall be substituted;
(b) after clause (vii) and the Table relating thereto, the following shall be inserted, namely:— “(viii) If a certificate 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.
TABLE
Period from date of certificate to date of its encashment Amount payable inclusive of interest (Rupees) Three years or more, but less than three years and six months 124.24 Three years and six months or more, but less than four years 128.81 Four years or more, but less than four years and six months 133.56 Four years and six months or more, but less than five years 138.48”.
EXPLANATORY MEMORANDUM
The Ministry of Finance, Department of Economic Affairs (Budget Division) vide its O.M. No. 6-1/2011-NS.II (Pt.), dated the 11 th November,2011 has communicated to all concerned the various decisions taken by the Government on the recommendations of the Shyamala Gopinath Committee for comprehensive review of National Small Savings 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. RAJAT BHARGAVA, Jt. Secy.
Note : The principal rules were published vide number
G.S.R. 496(E), dated the 1st May, 1989, and subsequently amended vide numbers
G.S.R. 508(E), dated the 23rd May, 1990,
G.S.R. 120(E), dated the 8th March, 1998,
G.S.R. 7(E), dated the 1st January, 1999,
G.S.R. 491(E), dated the 6th July, 1999,
G.S.R. 47(E), dated the 15th January, 2000,
G.S.R. 156(E), dated the 1st March, 2001,
G.S.R. 572(E), dated the 2 nd August, 2001,
G.S.R. 163(E), dated the 1 st dated the 17th October, 2002,
G.S.R. 179(E), dated the 1st March, 2003,
G.S.R. 590(E), dated the 25th July, 2003,
G.S.R. 591(E), dated the 25th July, 2003,
G.S.R. 820(E), dated the 16th October, 2003,
G.S.R. 289(E), dated the 13th May, 2005,
G.S.R. 744(E), dated the 4th October, 2011 and
G.S.R. 842(E), dated the 25th November, 2011,
G.S.R. 318(E), dated the 25th April, 2013,
NOTIFICATION
New Delhi, the 11th July, 2014
G.S.R. 495(E).—In exercise of the powers conferred by Section 12 of the Government Savings Certificates Act, 1959 (46 of 1959), the Central Government hereby makes the following rules further to amend the National Savings Certificates (IX Issue) Rules, 2011, namely:-
1. (1) These rules may be called the National Savings Certificates (IX Issue) Amendment Rules,
(2) They shall be deemed to have come into force on the 1 st day of April, 2014.
2. In the National Savings Certificates (IX Issue) Rules, 2011 (hereinafter referred to as the said rules), in rule 15, after Sub-rule (3), the following shall be inserted, namely:- “(4) Where a certificate has been purchased on or after the 1 st day of April, 2014, the amount inclusive of interest, payable on encashment of the certificate at any time after the expiry of its maturity period shall be Rs.236.60 for denomination of Rs. 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 certificate.
TABLE
Year for which interest accrues Amount of interest (rupees) accruing on certificate of Rs. 100 denomination First Year 8.99 Second Year 9.80 Third Year 10.68 Fourth Year 11.64 Fifth Year 12.69 Sixth Year 13.83 Seventh Year 15.08 Eighth Year 16.43 Ninth Year 17.91 Tenth Year 19.52 Note: The amount of interest accruing on a certificate of any other denomination shall be proportionate to the amount specified in the Table above.”.
3. In rule 16 of the said rules,-
(a) In clause (ii) of sub-rule (4), for the figures, letters and words “1 st day of April, 2013”, the figures, letters and word “1st day of April, 2013 but before the 1st day of April, 2014” shall be substituted;
(b) after clause (iii) of Sub-rule (4)) and the Table relating thereto, the following shall be inserted, namely:- “(iv) If a certificate 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.
TABLE
Period from date of certificate to date of its encashment Amount payable inclusive of interest (rupees) 3 years or more, but less than 3 years and 6 months 124.24 3 years and 6 months or more, but less than 4 years 128.81 4 years or more, but less than 4 years and 6 months 133.56 4 years and 6 months or more, but less than 5 years 138.48 5 years or more, but less than 5 years and 6 months 144.50 5 years and 6 months or more, but less than 6 years 149.92 6 years or more, but less than 6 years and 6 months 155.55 6 years and 6 months or more, but less than 7 years 161.38 7 years or more, but less than 7 years and 6 months 167.43 7 years and 6 months or more, but less than 8 years 173.71 8 years or more, but less than 8 years and 6 months 180.22 8 years and 6 months or more, but less than 9 years 186.98 9 years or more, but less than 9 years and 6 months 193.99 9 years and 6 months or more, but less than 10 years 201.27 .”.
EXPLANATORY MEMORANDUM
The Ministry of Finance, Department of Economic Affairs (Budget Division) vide its O.M.No.6-1/2011-NS.II (Pt.), dated the 11 th November, 2011 has communicated to all concerned the various decisions taken by the Government on the recommendations of the Shyamala Gopinath Committee for comprehensive review of National Small Savings 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 4 th March, 2014. It is certified that the interest of no deposit holder would be prejudicially affected by the retrospective effect given to the notification.
RAJAT BHARGAVA Jt. Secy.
Note: The principal rules were published vide number
G.S.R. 848(E), dated the 29 th November, 2011, subsequently amended vide numbers
G.S.R. 319 (E), dated the 25 th th June 2013 and G.S.R. 227 ( E ), dated the 13 th
NOTIFICATION
New Delhi, the 11th July, 2014
G.S.R. 496(E).—In pursuance of Section 5 of the Public Provident Fund Act, 1968, (23 of 1968), the Central Government hereby notifies that the subscriptions made to the Fund on or after the 1st day of April, 2014 and the balances at the credit of the subscriber shall bear interest at the rate of 8.7 per cent per second provisio, following proviso shall be instered, namely:—
EXPLANATORY MEMORANDUM
The Ministry of Finance, Department of Economic Affairs (Budget Division) vide its O.M. No. 6-1/2011-NS.II (Pt.), dated the 11 th November, 2011 has communicated to all concerned the various decisions taken by the Government on the recommendations of the Shyamala Gopinath Committee for comprehensive review of National Small Savings Fund (NSSF). Accordingly, the rates of interests on various small savings schemes for the financial year 2014-15 revised with effect from 1st April 2014, have been communicated vide its O.M. No. 6-1/2011-NS-II, dated the 4 th March, 2014. It is certified that the interest of no deposit holder shall be prejudicially affected by the retrospective effect given to the notification. RAJAT BHARGAVA Jt. Secy.
Note:- The principal notification was published in the Gazette of India vide number
S.O. 48(E), dated the 15th January, 2000 and subsequently amended vide numbers
S.O. 192(E), dated the 1st March 2001,
S.O. 271(E), dated the 1 st March, 2002,
S.O. 250(E), dated the 1 st March, 2003,
S.O. 2681(E), the th November 2011,
S.O.904 (E), dated the 25 th April 2012, G.S.R. 401 ( E ), dated the 25 th June, 2013 and G.S.R. 225 ( E ), dated the 13 th March, 2014.
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Provisions this rule answers to
Read out of the instrument itself: an enabling provision is one it says it was made under, which is the power it rests on. The rest it names without resting on.
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