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Govt. notifies National Savings (Monthly Income Account) Rules, 2017

NOTIFICATION

New Delhi, the 3rd October, 2017

G.S.R. 1239 (E).—In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 ( 5 of 1873), the Central Government hereby makes the following rules further to amend the National Savings (Monthly Income Account) Rules, 1987, namely:—

1. (1) These rules may be called the National Savings (Monthly Income Account) Rules, 2017.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the National Savings (Monthly Income Account) Rules, 1987, in rule 5, in sub-rule 1, for the words “one thousand five hundred”, the words “one hundred” shall be substituted.

[F. No. 1/10/2016-NS.II]

PRASHANT GOYAL, Jt. Secy.

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