INTEREST ON NSC,KVP AND POST OFFICE TIME DEPOSIT AFTER COMPLETION PERIOD

Interest on NSC(National saving certificate ) ,KVP(kissan Vikas patra) ,Post office Time deposit after maturity period is allowed only up to 2 years .accounts closed after 2 years bears no interest but now amendment has been made in the rules and interest has been allowed up to date of closer of the account /withdrawal of the money without any time limit .Interest is allowed subject to conditions given below.
  • (a) The interest shall be simple and shall be calculated at the rate applicable from time to time to savings accounts of the type of single or joint account,
  • (b) For the purpose of payment of interest, any part of the period which is less than one month shall be ignored,
  • (c) The interest shall be paid to the depositor in lump sum at the time of repayment of amount due.
Notification in this regard has been given below.

NATIONAL SAVINGS CERTIFICATES (VIII ISSUE) AMENDMENT RULES, 2011 - AMENDMENT IN RULE 15A
NOTIFICATION NO.G.S.R. 744(E), DATED 4-10-2011

In exercise of the powers conferred by Section 12 of the Government Savings Certificates Act, 1959 (46 of 1959), the Central Government hereby makes the following 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, 2011.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the National Saving Certificates (VII Issue) Rules, 1989, in rule 15A, the words "for a maximum period of two years" shall be omitted.

KISAN VIKAS PATRA (AMENDMENT) RULES, 2011 - AMENDMENT IN RULE 13A
NOTIFICATION NO.G.S.R. 743(E), DATED 4-10-2011

In exercise of the powers conferred by section 12 of the Government Savings Certificates Act, 1959 (46 of 1959), the Central Government hereby makes the following rules further to amend the Kisan Vikas Patra Rules, 1988, namely :—
1. (1) These rules may be called the Kisan Vikas Patra (Amendment) Rules, 2011.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Kisan Vikas Patra Rules, 1988, in rule 13A, the words "for a maximum period of two years" shall be omitted.

POST OFFICE TIME DEPOSIT (AMENDMENT) RULES, 2011 - AMENDMENT IN RULE 9
NOTIFICATION NO.G.S.R. 742(E), DATED 4-10-2011

In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Time Deposit Rules, 1981, namely :—
1. (1) These rules may be called the Post Office Time Deposit (Amendment) Rules, 2011.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Post Office Time Deposit Rules, 1981, in rule 9, the words "for a maximum period of two years" shall be omitted.
Name

2426Q DUE DATE 44AB 44AE 44AF 49A 49AA 54 54B 54EC 54f 80C 80CCC 80CCD 80CCE 80CCF 80E 89(1) aces agricultural land amt on llp bank BANKS bounced cheque BUDGET BUDGETING buyers agreement CA AUDIT LIMIT capital gain carry forward losses challan booked status challan correction changes in challan changes in pan application form changes in pan data CIC CII citizen charter delhi companies tax rates company pan coparcener CORRECTION IN BANK CHALLAN correction in challan correction in etds return COST INFLATION INDEX CREDIT CARD DEDUCTION DEFAULT NOTICES dividend distribution tax (DDT) documents with pan DUE DATE FOR SERVICE TAX RETURN e paymnet of excise duty e-payment of service tax e-return by Legal Heir efiling of return elss etd return rejection ETDS etds return due date etds statement correction exchange traded funds excise return fcnr FESTIVAL SEASON firm tax rates FORM 16A form 24Q DUE DATE FORM 27Q DUE DATE free software er-1 free software st-3 FVU get pan with name and dob gift gold gold etf gratuity taxabilty house HOUSE LOAN house property house purchase agreement purchase house rent calculator house sale how to calculate tds on salary hra hra calculation huf pan huf (hindu undivided family) icai toolbar identity proof income tax challan income tax help toolbar income tax rates income tax rates firms income tax rates llp income tax refund income tax return income tax slabs individual pan INFRASTRUCTURE BONDS inter head adjustment inter source adjustment INTEREST INTEREST ACCRUED ON NSC interest on late closer kvp nsc time deposit post office interest on late deposit interest rate on tds late deposit investment plans itr-v itr-v status joint account kissan vikas patra know your pan kvp late deposit of tds leave travel concession lic life insurance limited liability partnership llp loan against rent long term capital gain ltcg mandatory e filing mat(minimum alternate tax ) minor pan mutual fund statement mutual funds negotiable instrument act new pan application form nri nro nsc NSC INTEREST pan application pan data pan form pan name pan verification pan with name physical gold pio POST OFFICE RB ACCOUNT post office time deposit ppf ppf limit 100000 ppf Limit 70000 or 100000 PREPAYMENT CHARGES proof of residence public provident fund RBI registration at aces relief on gratuity repo rate return verification reverse repo rate REVISED ETDS RETURN revised return RIGHT TO INFORMATION RTI saving bank rate SBI scrutiny cases scrutiny guidlines ay 2010-11 SERVICE TAX SERVICE TAX RETURN DUE DATE NOTIFICATION SERVICE TAX RETURN set off losses SHOPPING short term capital gain stcg SUB CONTRACTOR TAN REGISTRATION tax on gratuity tax on salary income tax rate on llp. tax savings TCS RATES TDS 194 A tds certificate TDS IN COURT CASE TDS ON AGRICULTURE LAND TDS ON COMPENSATION tds on salay TDS RATES TDS RATES 10-11 TDS RATES 11-12 who can sign return WORKS CONTRACTOR
false
ltr
item
Income Tax India: INTEREST ON NSC,KVP AND POST OFFICE TIME DEPOSIT AFTER COMPLETION PERIOD
INTEREST ON NSC,KVP AND POST OFFICE TIME DEPOSIT AFTER COMPLETION PERIOD
Income Tax India
http://www.itaxindia.org/2011/10/interest-on-nsckvp-and-post-office-time.html
http://www.itaxindia.org/
http://www.itaxindia.org/
http://www.itaxindia.org/2011/10/interest-on-nsckvp-and-post-office-time.html
true
5564153621212213756
UTF-8
Not found any posts Not found any related posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU Tag ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Contents See also related Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy