G.S.R. 744(E)

National Savings Certificates (VIII Issue) Amendment Rules, 2011 - Amendment in rule 15A

What this is

G.S.R. 744(E) was published on 4 October 2011. Its subject is National Savings Certificates (VIII Issue) Amendment Rules, 2011 - Amendment in rule 15A.

This amends the Income-tax Rules. What it changes is the Rules, not the Act — and a rule can never take away what the section gives.

What it does

The Central Government, in exercise of the powers conferred by section 12 of the Government Savings Certificates Act, 1959, makes the National Savings Certificates (VIII Issue) Amendment Rules, 2011, further to amend the National Savings Certificates (VIII Issue) Rules, 1989. In rule 15A of those rules the words "for a maximum period of two years" are omitted. The omission removes the two-year outer limit that rule 15A carried.

Who it reaches

holders of National Savings Certificates (VIII Issue)
post offices and other issuing offices operating rule 15A
nominees and legal heirs dealing with such certificates

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.

Under the 1961 Act	Now
s.12	s.335, s.337, s.355

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

National Savings Certificates (VIII Issue) Amendment Rules, 2011 - Amendment in rule 15A
NOTIFICATION NO.G.S.R. 744(E), DATED 4-10-2011
In exercise of the powers conferred by Section 12 of the Government Savings Certificates Act, 1959 (46 of 1959), the Central Government hereby makes the following rules further to amend the National Savings Certificates (VIII Issue) Rules, 1989, namely:-
1. (1) These rules may be called the National Savings Certificates (VIII Issue) Amendment Rules, 2011.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the National Saving Certificates (VII Issue) Rules, 1989, in rule 15A, the words "for a maximum period of two years" shall be omitted.
■■

From when

the date of publication in the Official Gazette.

What to watch

The rules come into force on the date of their publication in the Official Gazette.
The amendment works only by omission of the words "for a maximum period of two years"; the rest of rule 15A stands as it was.
The amending clause names the parent rules as the National Saving Certificates (VII Issue) Rules, 1989, while the title of the amending rules and the recital refer to the VIII Issue.
This is an amendment under the Government Savings Certificates Act, 1959, not under the Income-tax Act, 1961.

Where you meet it

In an application at a post office under rule 15A of the National Savings Certificates (VIII Issue) Rules, 1989, where the period allowed was earlier capped at two years.

What it names

Rules it names. Rule 15A of the Income-tax Rules, 1962. The 1962 Rules were replaced by the Income-tax Rules, 2026, which renumbered nearly everything: a rule number quoted here almost never means the same rule today.

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

Circular No. 1/2026 — Circular No. 0 l /2026 23 March 2026
Notification No. 16/2021 [F.No. 370142/03/2021-TPL] / GSR 175(E) — Ministry of Finance 12 March 2021
Circular No. 2/2020 — Circular No. 2/2020 [F. No. 197/55/2018-ITA-I], Dated 3-1-2020 3 January 2020
Circular No. 10/2019 — P.no. 197/55/2018-ITT\-1 22 May 2019
Notification No. 319(E) — National Savings Certificates (IX Issue) (Amendment) Rules, 2012 - Amendment in Rules 15 and 16 25 April 2012
Notification No. 318(E) — National Savings Certificates (Viii Issue) (Amendment) Rules, 2012 - Amendment in Rules 15 and 16 25 April 2012

← Notification No. 55/2011 · G.S.R. 743(E) →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.