[22nd
November 2022] In exercise of the powers
conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of
1873), the Central Government hereby makes the following Scheme further to
amend the National Savings (Monthly Income Account) Scheme, 2019, namely:- (1)
This Scheme may be called the National
Savings (Monthly Income Account) (Amendment) Scheme, 2022. (2)
It shall be deemed to have come into force on
the 1st day of October, 2022. (a)
in sub-paragraph (1A), for the words and
figures, "on or after the 1st day of April, 2020", the following
words, figures and brackets "between 1st April, 2020 to 30th September,
2022 (both days inclusive)" shall be substituted; (b)
after sub-paragraph (1A), the following
sub-paragraph shall be inserted, namely:- "(1B)
The deposit made under this Scheme on or after the 1st day of October, 2022
shall bear interest at the rate of 6.7 per cent. per annum.".National
Savings (Monthly Income Account) (Amendment) Scheme, 2022
In the National Savings (Monthly Income Account) Scheme, 2019, in paragraph 5,-