TMI BlogNATIONAL SAVINGS CERTIFICATES (VIII ISSUE) (AMENDMENT) RULES, 2012 - AMENDMENT IN RULES 15 AND 16.X X X X Extracts X X X X X X X X Extracts X X X X ..... llowing 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), 2012. (2) They shall deemed to have come into force on the 1st day of April, 2012. 2. In the National Savings Certificates (VIII Issue) Rules, 1989 (hereinafter referred to as the said ru ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 The year for which interest accrues Amount of interest (rupees) accruing on certific ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e purchased on or after the 1st day of April, 2012, 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 the date of the certificate to the date of its encashment Am ..... X X X X Extracts X X X X X X X X Extracts X X X X
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