TMI BlogEncashment on maturityX X X X Extracts X X X X X X X X Extracts X X X X ..... year up to the end of the fifth year, shall be deemed to have been re-invested on behalf of the holder and aggregated with the amount of face value of the certificate. Table The year for which interest accrues Amount of interest (Rs.) accruing on certificate of ₹ 100 denomination First year 12.40 Second year 13.90 Third year 15.60 Fourth year 17.50 Fifth year 19.70 Sixth year 22.40 Note: The amount of interest accruing on a certificate of any other deno ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... day of March, 2001,] the amount inclusive of interest, payable on encashment of the certificate at any time after the expiry of its maturity period shall be ₹ 190.12 for denomination of ₹ 100 and at proportionate rate for any other denomination. 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 fifth 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 The year for which interest accrues Amount of interest accruing on certificate of ₹ 100 denomination ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Third year 11.71 Fourth year 12.85 Fifth year 14.10 Sixth year 15.47 Note: The amount of interest accruing on a certificate of any other denomination shall be proportionate to the amount specified in the Table above.] [(5) Where a certificate has been purchased on or after the 1st day of March, 2002 [but before the 1 [ 1st day of March, 2003 but before the 1st day of December, 2011, ] ], the amount inclusive of interest, payable on encashment of the certificate at any time after the expiry of its maturity period shall be ₹ 169.59 for denomination of ₹ 100 and at proporti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... so accrued at the end of each year up to the end of the fifth 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 The year for which interest accrues Amount of interest (rupees) accruing on certificate of ₹ 100 denomination First year 8.16 Second year 8.83 Third year 9.55 Fourth year 10.33 Fifth year 11.17 Sixth year 12.08 Note: The amount of interest accruing on a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nation shall be proportionate to the amount specified in the Table above ] 4 [ (6B) Where a certificate has been purchased on or after the 1st day of April, 2012 the maturity period of a certificate of any denomination, shall be five years, commencing from the date of issue of the certificate. The amount inclusive of interest, payable on encashment of the certificate at any time after the expiry of its maturity period shall be ₹ 152.35 for denomination of ₹ 100 and at proportionate rate for any other denomination. 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 sh ..... X X X X Extracts X X X X X X X X Extracts X X X X
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