Amendment to National Savings RD Scheme 2019

6994 GI/202 3 (1) रजिस्ट्री सं. डी.एल.- 33004/99 REGD. No . D. L. -33004/99 EXTRAORDINARY PART II —Section 3 —Sub-section ( i) PUBLISHED BY AUTHORITY 12.12.2019 से 31.03.2020 7231.38 No. 638] NEW DELHI, MON DAY , NOVEMBER 6, 2023/ KARTIKA 15, 1945 CG-DL-E-06112023-249903 1.4.2023 से 30.06.2023 7043.27 1.7.2023 से 30.09.2023 7099.08 12 1244.20 37 4117.66 13 1351.67 38 4241.08 14 1459.73 39 4365.18 15 1568.39 40 4489.97 16 1677.65 41 4615.46 17 1787.52 42 4741.64 18 1898.00 43 4868.52 19 2009.10 44 4996.11 20 2120.81 45 5124.41 21 2233.14 46 5253.41 22 2346.09 47 5383.14 23 2459.67 48 5513.58 24 2573.89 49 5644.75 25 2688.73 50 5776.65 26 2804.22 51 5909.28 27 2920.34 52 6042.65 28 3037.11 53 6176.75 29 3154.53 54 6311.60 30 3272.60 55 6447.20 31 3391.33 56 6583.56 32 3510.71 57 6720.67 33 3630.76 58 6858.54 34 3751.48 59 6997.18 35 3872.86 60 7136.58 MINISTRY OF FINANCE (Department of Economic Affairs) NOTI FICATION New Delhi, the 3rd November , 2023 G.S.R . 818(E).— In exercise of the powers conferred by section 3A of the Gove rnment Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme further to amend the National Savings Recurring Deposit Scheme, 2019, namely: - 1. Short title and commencement. - (1) This Scheme may be called the Nat ional Savings Recurring Deposit (Third Amendment) Scheme, 2023. (2) It shall be deemed to have come into force on the 1st day of October, 2023. 2. In the National Savings Recurring Deposit Scheme, 2019 (hereinafter referred to as the said Scheme), in sub- paragraph (1) in paragraph 9, for the TABLE 1.1, the following TABLE shall be substituted, namely: - “TABLE -1.1 Period during which account is opened Amount (Rupees) repayable on an account of 100 rupees denomination From 12.12.2019 to 31.03.2020 7231.38 From 01.04.2020 to 31.03.2023 6969.67 From 01.04.2023 to 30.06.2023 7043.27 From 01.07.2023 to 30.09.2023 7099.08 On or after 01.10.2023 7136.58 Amount repayable inclusive of interest on an account of any other denomination shall be proportionate to the amount specified in the table”. 3. In the said Scheme, in paragraph 10, in sub -paragraph (2), in clause (a), - (a) in TABLE -1.3, for the words, figures and letters, “on or after the 1st day of July, 2023”, the words, figures, letters and brackets “between 1st July, 2023 to 30th September, 2023 (both days inclusive)” shall be substituted; (b) after TABLE -1.3, the following TABLE shall be inserted, namely: - “TABLE -1.4 [Amount inclusive o f interest repayable on the accounts opened on or after the 1st day of October, 2023 and continued with monthly deposits beyond the maturity period or maturity period as extended under sub - paragraph (1) of paragraph 10] Number of completed years for which the account continued Amount (Rupees) on an account of 100 rupees denomination One year 8871.09 Two years 10724.75 Three years 12705.77 Four years 14822.89 Five years 17085.46 Amount repayable inclusive of interest on an account of any other denomination shall be proportionate to the amount specified in the table”. 4. In the said Scheme, in paragraph 11, in sub -paragraph (2), - (a) in TABLE -2.3, for the words, figures and letters, “on or after the 1st day of July, 2023”, the following words, figures, letters and brackets “between 1st July, 2023 to 30th September, 2023 (both days inclusive)” shall be substituted; (b) after TABLE -2.3, the following TABLE shall be inserted, namely: - “TABLE -2.4 [Amount i nclusive of interest repayable on the accounts opened on or after the 1st day of September, 2023 and continued without any fresh monthly deposits beyond the maturity period or maturity period as extended under sub -paragraph (1) of paragraph 11] Number of completed years for which the account continued Amount (Rupees) on an account of 100 rupees denomination One years 7626.88 Two years 8150.87 Three years 8710.85 Four years 9309.30 Five years 9948.87 Amount repayable inclusive of interest on an account of any other denomination shall be proportionate to the amount specified in the table”. 5. In the said Scheme, in paragraph 12, in sub -paragraph (1), - (a) in TABLE -2.3, for the words, figures and letters, “on or after the 1st day of July, 2023”, the following words, figures, letters and brackets “between 1st July, 2023 to 30th September, 2023 (both days inclusive)” shall be substituted; (b) after TABLE -2.3, the following TABLE shall be inserted, namely: - “TABLE -2.4 [Amount p ayable to legal heir or nominees on the death of the depositor in five years under this Scheme on the accounts opened on or after the 1st day of September, 2023 and up to the closure of the account] Number of deposits made Amount (Rupees) for denomination of 100 rupees Number of deposits made Amount (Rupees) for denomination of 100 rupees 1 to 11 Deposits made 36 3994.92 12 1244.20 37 4117.66 13 1351.67 38 4241.08 14 1459.73 39 4365.18 15 1568.39 40 4489.97 16 1677.65 41 4615.46 17 1787.52 42 4741.64 18 1898.00 43 4868.52 19 2009.10 44 4996.11 20 2120.81 45 5124.41 21 2233.14 46 5253.41 22 2346.09 47 5383.14 23 2459.67 48 5513.58 24 2573.89 49 5644.75 25 2688.73 50 5776.65 26 2804.22 51 5909.28 27 2920.34 52 6042.65 28 3037.11 53 6176.75 29 3154.53 54 6311.60 30 3272.60 55 6447.20 31 3391.33 56 6583.56 32 3510.71 57 6720.67 33 3630.76 58 6858.54 34 3751.48 59 6997.18 35 3872.86 60 7136.58 Amount repayable inclusive of interest on an account of any other denomination shall be proportionate to the amount specified in the table”. [F. No. 1/4/2016 -NS (Part)] ASHISH V ACHHANI , Addl. Secy. Explanatory Memorandum. -By giving retrospective effect to the National Savings Recurring Deposit (Third Amendment) Scheme, 2023, no one shall be adversely affected as a result of retrospective effect being given to this amendment. Note: The principal Sch eme was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i), vide number G.S.R. 918(E), dated the 12th December, 2019 and subsequently amended vide numbers G.S.R. 285(E), dated the 5th May, 2020, G.S.R. 330(E), dated the 2 7th April, 2023 and G.S.R. 621(E), dated the 23rd August, 2023. Uploaded by Dte. of Printing at Government of India Press, Ring R oad, Mayapuri, New Delhi -110064 and Published by the Controller of Publica tions, Delhi -110054.