Post Office Savings Certificates Rules, 1960 amended

Dated 29th September, 2017 | Copy of | Finance Notification Sl.111 | 

In exercise of the powers conferred by section 12 of the Government Savings Certificate Act, 1959 (46 of 1959), the Central Government hereby makes the following rules further to amend the Post Office Savings Certificates Rules, 1960, namely:-

1. (1) These rules may be called the Post Office Savings Certificates (Amendment) Rules, 2017.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Post Office Savings Certificates Rules, 1960, in rule 2, after clause (iv), the following clause shall be inserted, namely:

(iva) “Cooperative bank” means a State co-operative bank, a Central co-operative bank and a primary cooperative bank;

Sd/-
(Prashant Goyal)
Jt. Secy.

G.S.R.1234(E)
F.No.1/13/2011-NS.II
Issued by:
Ministry of Finance
(Department of Economic Affairs)
New Delhi

Note: The Principal rules were published vide notification number F.7(29)(ii)-NS/59 dated the 25th June, 1960 and subsequently amended vide notification number F.8/1/90-NS dated the 24th January, 1990.