You are on page 1of 6

LatestLaws.

com

REGD. NO. D.L.-33004/93

The Gazette of India


EXTRAORDINARY

PART II—Section 3—Sub-section (i)

PUBLISHED BY AUTHORITY

No. 301] NEW DELHI, THURSDAY, SEPTEMBER 2, 1993/BHADRA 11,1915

MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 2nd September, 1993
G.S.R. 585(E):—In exercise of the powers con-
ferred by Section 15 of the Government Savings
Banks Act, 1873 (5 of 1873), the Central Government
hereby makes the folio-wing 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) (Second Amendment)
Rules, 1993.
(2) They shall come into force on the date of their
publication in the Official Gazette.
1955 GI/93 (1)
LatestLaws.com
0
THE GAZETTE OF INDIA: EXTRAORDINARY [PART II—Sr.c. 3(i)]

2. In the Post Office (Monthly Income Account)


Rules, 1987, in rule 8, in sub-rulo (1), the following
shall bo inserted at the end, namely:-
"The deposit made on or after the 2nd September,
1993 shall bear interest at the rate of 13 per cant
per annum."
[F.No.2/24/93-NS.-II(l)]
OM PAL SINGH, Under Secy.
Note :-The principal rules were published vide GSR
701 (E) d ted 10th August, 1987 and amended vide
GSR 805(E) dated 21st July, 1988, GSR 4g(E) dated
20-1 -1989, GSR 581 (E) dated 12-9-1991, GSR
430(E) dated 24-4-1992 and GSR 390 (E) dated
29-4-1993.

NOTIFICATION
New Delhi, the 2nd September, 1993
G.S.R. 586(E):—In oxorcise of tho powers con-
ferred by Section 1 5 of the Government Savings Bank
Act, 1873 (5 of 1873), the Central Government here-
by makes the following rules further to amend the
Post Offico Timo Deposit Rules, 1981, namely;-
1. (1) These rules may be called the Post Office
Time Deposit (Amendment) Rules, 1993.
(2) They shall come into force on the date of their
Publication in the Official Gazotte.
2. In the Post Office Time Deposit Rules, 1981,
in rule 7, for Table K and tho Notes thereunder,
the following Tables and Notes shall be substituted,
namely :-

"TABLE K
(For deposits made on or after tha 16th December,
1991 but before the 2nd September, 1993)
LatestLaws.com
3

eriod of deposit Rate of interest per


annum
Year 12 pet cent
' Years 12 per cant
i Years 13 per cent
^ Years 13.5 percent

TABLE L
^For deposits made on or after the 2nd September,
1993)
Period of deposit Rate of interest per
annum
1 Year 10.5 per cent
2 Years 11 per cent
3 Years 12 per cent
5 Years 12.5 per cent

Note ; (1) For deposits made on or after the 1st


October, 1979 and before 24th April, 1992 interest
will bo payable at the rate specified in Table C or
Table D or Table £ or Table F or Table G or Tablo
H or Table 1 or Tablo J or Table K, as the case may
be, calculated at half-yearly compounding basis.
(2) For deposits made on or after tho 24th April,
1992, interest will bo payable at the rate specified in
Table K or Table L as the case may be, calculated
at quarterly compounding basis."
[F.No. 2/24/93-NSH(2)]
OM PAL SINGH, Under Secy. NOTIFICATION
Note:-The principal rules were published vide Now Delhi, the 2nd, Seplember, 1993
GSR 664(E) dated 17-12-1981 and amended vide
GSR 300(E) dated 1-4-1982, GSR 257(E) dated G.S.R. 587(E):—In exordso of the powers confer-
11-3-1983, GSR 503(E) dated 9-7-1984 and GSR red by Section 15 of the Govcrnucnt Saving Banks
41S(E) dated 10-5-1985, GSR 193(E) dated 12-2-1986, Act, 1873 (5 of 1873), tho Central Government hereby
GSR 362 (E) dated 1-4-987, GSR 1005 (E) dated makes tho following rules furthoi to amend tho Post
23-12-1987, GSR 353(E) dated 18-3-1988, GSR 507(E) Office Recurring Deposit Rules, 1981, namely:—
dated 23-5-1990, GSR 191(E) dated 27-3-1991, GSR
1. (1) These rules may be called the Post Office
580 (E) dated 12-9-1991, GSR 727(E) dated 6-12-1991
Recurring Deposit (Socond Amendment) Rules, 1993,
and GSR 431 (E) dated 24-4-1992.
(2) They shall come into force on the date of their
publication in the Official Gazette.
2. In the Post Office Recurxing Deposit Rules,
1981, in rule 9, in both the Schedule, for tho last item
namely, "From 1-10-1991 onwards 856.40". the
following items shall bo substituted, namely:-
"From 1-10-1991 to 1-9-1993 (both dates 856.40
inclusive)
From 2-9-1993 833.40"
[F.No. 2/24/93-NS.II (3)]
OM PAL SINGH, Under Secy.
LatestLaws.com
4 THE GAZETTE OF INDIA: EXTRAORDINARY [PART U—Src. 3(i)]

Note:—The priicipal rales wore published vulo GSR


<S66(E) da^d 17-I2-T981 and amombd vide GSR
301(E) dated I-4-I9&2, GSR 258(L) dated 1I-3-19S3,
GSR 62(E) dated 14-2-198 \, GSR 95 (E) dated
7-2-1936, GSR 194(L) dated 13-2-1986, GSR 3<51 (C)
dated 1-4-1987, GSR 39(E) da'od 16-1-1988, GSR
458(E) datod 15-4-1988, GSR 708(E) dated 21-7-1989,
GSR 16(E) dated 9-1-1993, GSR J9.(E) dated 27-3-
1991, GSR 579(E) dated 12-9-1 991, GSR 918 (E) dated
11-12-1992 and GSR 42(£) dated 1-2-1993.

NOTIMCATION
New Delhi, I he 2nd September, 1993
G.S.R. 5S8(E):—hi owrciso of tho powers oon-
ferred by Section 12 of the Government Savings
Certificates Act, 1959 (46 of 1959), the Central Govern-
ment hereby makes tho following rules further to
amend tho Kisan Vikas Patra Rules, 1988, namely :-
1. (1) These rulos may be called the Kisan Vikas
Patra (Second Amondmo.it) Rules, 1993.
(2) They shall come into force on tha dato of their
publication in tho Official Gazette.
2. In the Kisan Vikas Patra Rules, J988,-
(a) in rule 12, after sub-rule (3), tho following
bub-rule shall be inserted, namely:-

"(4) Notwithstanding anything contained in


sub-ruloi (1) to (3), the maturity period of a cortiflcata
purchased on or after the 2nd day of September, 1993
shall bo five years and six months commencing on
the dato of tho coitificate, Tho amount inolusive of
LatestLaws.com
5

interest, payable on encashment of the certificate at


any time after the expiry of its maturity poriod shall
be Rs. 200/- foi a denomination of Rs. 1000/- and at
proportionate rate for any other denomination.";
(b) in rule 13, after sub-rule (6), the following
sub-rule shall hi inserted, namely:-
"(7) Notwithstanding anything contained in rule
12 or in sub-rule (1), if a certificato issued on or after
2nd September, 1993 is encashod at any time after
the expiry of two yean and six months from the date
of the certificate, the amount payable inclusive of
interest shall be as specified in tho Table given below
for certificate of the denomination of Rs. 1000/-
and at proportionate rate for any other denomination,
namely:-
TABLE

Period from the date of the Amount pay-


certificate to the date of its able inclusive*
encashment of interest
(in rupees)
1. Two years and six months or 1310
more but less than three
years.
2. Three years or more but loss 1420
than three years and six
months.
3. Three years and six months or 1500
more but less than four yoars.
4. Four years or more but less 1620
than four years and six months
5. Four years and six months or 1730
mote but less than five years.
6. Five years or more but less than 1860
five years and six months.
[F.No. 2/24/93-NSII(4)] NOTIFICATION
OM PAL SINGH, Under Secy.
New Delhi, the 2nd September, 1993
Note:-The principal rules were published vide notifi-
cation GSR 370(E) dated 22-3-1988 and amended vide G.S.R. 589(E):—In exorcise of the powers con-
GSR &1(C) dated 6-2-1989, GSR 8(E) dated 4-1-1990, ferred by Section 12 of the Government Savings
GSR 728(E) dated 6-12-1991, GSR 432(E) dated Certificates Act, 1959 (46 of 1959), the Central Govern-
24-4-1992 and GSR 567(C) dated 20-8-1993. ment hereby makos the following rules fuithor to
U I
r
If I
..
I I ^FITT
amend the Indira Vikas Patra Rules, 1986, namely:-

1. (1) These rule9 may be called the Indira Vikas


Patra (Amendment) Rules, 1993.

(2) They shall come into force on the date of their


publication in the Official Gazotto.
2. In the Indira Vikas Patra Rules, 1986, in
rule 8- '
LatestLaws.com
6 THE GAZETTE OF INDIA: EXTRAORDINARY [PART I I - S I C . 3fi)]

(i) after sub-rule (2A), the following sub-ruU) 2nd September, 1993" shall bo inserted.
shall ba inserted, namely:-
[F. No. 2/24/93-NS 11(5)]
"2(B) Whero a cortiflcato of any denomination has OM PAL SINGH, Under Secy.
bean purchased on or after tho 2nd September, 1993,
it may ba encashed at aay time after tho oxpiry of Note:-The pnicipal rules were published vido notifi-
five years and six months from the date of r-su^by cation GSR. 11S3(£) dated 5-11-1986 and amended
presenting it befo o the Post Office of Issue." vide GSR 252(E) dated 5-12-1986, GSR 36o(E) dated
1-4-19&7, GSR 408(E) dated 20-4-19(17, GSR 739(E)
(ii) in sub-rulo (4), after tho words and figures, datod 31-8-1987, GSR 956(E) datod 3-12-1987 and
namoly, "and on or before 29th day of February, GSR 11O(E) datod 1-3-1988 and GSR 72') (£) dalid
1988", the words and figuros, namely "and on or after 28-7-1979.

Printed by the Nfanager, Govt of India Press, Ring Road, Maya Puri, New Delhi-110064
aad Tublished by the Controller of Publ'-'utions, Dilhi-llOvO54, 1993