Gazette Tracker
Gazette Tracker

Core Purpose

Notification under the National Savings Scheme Rules, 1987 declaring that subscriber balances under the National Savings Scheme shall bear no interest from 1st October 2024.

Detailed Summary

The Ministry of Finance, Department of Economic Affairs, issued notification G.S.R. 538(E) dated 29th August 2024, in exercise of powers under sub-rule (1) of rule 6 of the National Savings Scheme Rules, 1987, and in supersession of earlier notification G.S.R. 177(E) dated 1st March 2003 (except as respects things done or omitted before supersession), declaring that the balances at the credit of subscribers of the National Savings Scheme under the said Rules shall bear no interest on or after 1st October 2024; the notification is issued under file number 14/1/2018-NS-Part(1) and signed by Ashish Vachhani, Additional Secretary.

Full Text

5710 GI/202 4 (1) रजिस्ट्री सं. डी.एल.- 33004/99 REGD. No . D. L. -33004/99 EXTRAORDINARY PART II —Section 3 —Sub-section ( i) PUBLISHED BY AUTHORITY No. 496] NEW DEL HI, THURSDAY , SEPTEMBER 5, 2024/BHADRA 14, 1946 CG-DL-E-05092024-256947 MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 29th August , 2024 G.S.R. 538(E).—In exercise of the powers conferred by sub -rule (1) of rule 6 of the National Savings Scheme Rules, 1987, and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Economic Affairs), number G.S.R. 177(E), dated the 1st March, 2003, except as respects things done or omitted to be done before such supersession, the Central Government hereby notifies that the balances at the credit of the subscribers of the National Savings Scheme under the said rules, on or after the 1st day of October, 2024, shall bear no interest. [F. No. 14/1/2018 -NS-Part(1) ] ASHISH VACHHANI , Addl . Secy . Uploaded by Dte. of Printing at Government of India Press, Ring R oad, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.

Never miss important gazettes

Create a free account to save gazettes, add notes, and get email alerts for keywords you care about.

Sign Up Free