Amendment to National Small Savings Fund Rules: New Investment Options and Reinvestment Mandate Effective December 1, 2011.

The President has amended the National Small Savings Fund (Custody and Investment) Rules, 2001, effective December 1, 2011. In rule 9, sub-rule (1) now includes "or in any other instrument" after "State Government Securities," and the proviso has been removed. Sub-rule (10) has been replaced to mandate that matured investment amounts be reinvested in Central and State Government securities, with issuance and accounting procedures specified in sub-rules (3), (5), and (6), to be managed by the Chief Controller of Accounts, Ministry of Finance.

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