Section 4: Deposits and withdrawals

National savings monthly income account scheme 2019Central Rules · 1873

(1) The account shall be opened with a minimum deposit of one thousand rupees or any sum in multiple of one thousand rupees and there shall be only one deposit in an account.

(2) A maximum of rupees four lakh fifty thousand rupees can be deposited in a single account, account opened under clause (iii) and (iv) of paragraph 3 and nine lakhs rupees in a joint account.

(3) Deposits in all the accounts taken together for an individual shall not exceed four lakh fifty thousand rupees in a single account and nine lakh rupees in a joint account.

Where this provision sits

Act	National savings monthly income account scheme 2019
Section	4
Marginal note	Deposits and withdrawals
Jurisdiction	Central
Status	In force as published by the source

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