Age limit for Retired Defence personnel to subscribe Senior Citizen Savings Scheme is now fifty years

Age limit for Retired Defence personnel to subscribe Senior Citizen Savings Scheme is now fifty years

MINISTRY OF FINANCE
Department of Economic Affairs

NOTIFICATION

New Delhi, the 3rd October, 2017

G.S.R.1235(E).—In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 ( 5 of 1873), the Central Government hereby makes the following rules further to amend the Senior Citizens Savings Scheme Rules, 2004, namely:—

1. (1) These rules may be called the Senior Citizens Savings Scheme (Amendment) Rules, 2017.

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

2. In the Senior Citizen Savings Scheme Rules, 2004, in rule 2, in clause (d), in sub-clause (ii), in the second proviso, for the words “irrespective of the above age limit” the words “on attaining the age of fifty years” shall be substituted.

[F. No. 1/10/2016-NS.II]

PRASHANT GOYAL, Jt. Secy.

Note:The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, sub-section (i), vide notification number G. S. R. 490(E), dated the 2nd August , 2004 and subsequently amended vide notification numbers G.S.R..706(E), dated the 27th October, 2004, GSR 176(E), dated the 23rd March, 2006, GSR 390(E), dated the 24th May, 2007, G.S.R. 639(E), dated the 28th July, 2010, G.S.R. 770(E), dated the 19th October, 2011, G.S.R.321(E), dated the 25th April 2012, G.S.R. 402(E), dated the 25th June 2013, G.S.R. 224(E), dated the 13th March 2014, G.S.R. 492(E),dated the 11th July, 2014, G.S.R. 592(E) dated the 27th July, 2015, G.S.R. 351(E), dated the 29th March, 2016, G.S.R. 938(E), dated the 30th September, 2016 and G.S.R. 386(E), dated the 31st March, 2017.