Post Office National Savings Time Deposit Scheme, 2019 – PDF Rulings

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G.S.R. 922(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 Time Deposit
Scheme, 2019.
(2) It shall come into force on the date of its 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 on the date of deposit in an account.
(2) Words and expressions used herein but not defined shall have the meaning respectively assigned to
them in the Act and in the General Rules.

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