Post Office National Savings (Monthly Income Account) Scheme, 2019 – PDF Rulings

Spread the love

G.S.R. 917(E).— In exercise of the powers conferred by section 3A of the Government Savings
Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme, namely:-
1. Short title and commencement.-(1) This Scheme may be called the National Savings (Monthly Income
Account) Scheme, 2019.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. Definitions.-(1) In this Scheme, unless the context otherwise requires,-
(a) “account” means an account opened under this Scheme;
(b) “account holder” means an individual in whose name the account is held;
(c) “Act” means The Government Savings Promotion Act, 1873 (5 of 1873);
(d) “Form” means forms appended to this Scheme;
(e) “General Rules” means the Government Savings Promotion General Rules, 2018;
(f) “year” means a period of twelve months commencing from the date of deposit in the account.
(2) Words and expressions used herein but not defined shall have the meanings respectively assigned to them in the Act and in the General Rules.

See also  Gazette Notification of Mahila Samman Savings Certificate 2023 (English)

Spread the love

Leave a Reply

Your email address will not be published. Required fields are marked *