AMENDMENT TO NSS-87 AND NSS-92 RULES
NSS-87 and NSS-92 are discontinued schemes but the accounts already opened under these schemes are continued under the relevant rules. For detailed view of the Rules, go to the Menu option General->Acts_Rules.
Vide SB Order No. 7/2024, NSS-87 and NSS-92 Rules have been amended.
Rules amended in National Savings Scheme Rules, 1992.
(a). ln rule 6, in sub-rule (1), for clause (v), the following clauses shall be substituted namely:-"(v) For the period commencing from the 1st day of March, 2003 but before 1st day of October, 2024, the interest at the rate of seven-and-a-half per cent per annum shall be allowed for a calendar month on the lowest balance at credit of an account between the close of the tenth day and the end of the month and such interest shall be calculated and credited to the account at the end of each year.
(vi) The balances at the credit of the subscribers of the National Savings Scheme under these rules, on or after the 1st day of October, 2024, shall bear no interest.
Rules amended in National Savings Scheme Rules, 1987- ln exercise of the powers conferred by sub-rule (1) of rule 6 of the National Savings Scheme Rules, 1987, and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Economic Affairs), number G.S.R. 177(E), dated the 1st March, 2003, except as respects things done or omitted to be done before such supersession, the Central Government hereby notifies that the balances at the credit of the subscribers of the National Savings Scheme under the said rules, on or after the 1st day of October, 2024, shall bear no interest.
Click here for SB Order No. 7/2024
As per SB Order No 5A/2024 dated 11.10.2024 (11.11.2024), it is once again reiterated that all accounts opened under NSS-87 and NSS-92 will earn Zero Percent interest with effect from 1.10.2024
Click here for SB Order No. 5A/2024
