STI NEWS;"INTEREST RATE CHART ON NSC ACCRUED INTEREST"plus 2 more

STI NEWS;"INTEREST RATE CHART ON NSC ACCRUED INTEREST"plus 2 more


INTEREST RATE CHART ON NSC ACCRUED INTEREST

Posted: 28 Oct 2011 03:31 AM PDT


Where a certificate has been purchased on or after the 1st day of March, 2003, the amount inclusive of interest, payable on encashment of the certificate at any time after the expiry of its maturity period shall be Rs. 160.10 for denomination of Rs. 100 and at proportionate rate for any other denomination. The interest as specified in the Table below shall accrue to the holder or holders of the

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

Posted: 28 Oct 2011 03:11 AM PDT


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

POST OFFICE RECURRING DEPOSIT ACCOUNT AMENDMENT

Posted: 28 Oct 2011 03:04 AM PDT


This amendment is applicable to allow simple interest rate on Post office Recurring deposit account after completion of maturity period and in case of default in deposit the installments. Earlier interest beyond maturity period is not payable if person if failed to withdraw the amount but now simple interest is allowed as applicable in case of post office saving account from time to time from
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