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BANK TERM DEPOSIT (AMENDMENT) SCHEME, 2014

BANK TERM DEPOSIT (AMENDMENT) SCHEME, 2014

BANK TERM DEPOSIT (AMENDMENT) SCHEME, 2014

PREAMBLE

In exercise of the powers conferred by clause (xxi) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendments to the the Bank Term Deposit Scheme, 2006, namely:

Scheme - 1.

(1)     This scheme may be called the Bank Term Deposit (Amendment) Scheme, 2014.

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

Scheme - 2.

In the Bank Term Deposit Scheme, 2006, in para 3, in clause (1), for the words "one lakh rupees" ,the words "one hundred and fifty thousand rupees" shall be substituted.