The Ministry of Finance (MoF) on August 24, 2023, notified the National Savings Recurring Deposit (Second Amendment) Scheme, 2023 to further amend the National Savings Time Deposit Scheme, 2019.
The following has been stated-
•In paragraph 11, in sub-paragraph after TABLE-1.2, the TABLE-1.3 [Amount inclusive of interest repayable on the accounts opened on or after the 1st day of July 2023 and continued with monthly deposits beyond the maturity period or maturity period as extended under subparagraph (1) of paragraph 10]
It shall be deemed to have come into force on July 01, 2023.
[Notification No. G.S.R. 621(E)]
