Post Office Savings Bank (Interest Rates) (Amendment No. 2) Rules 1997

Status:

Published in Subsidiary Legislation Supplement
on 30 Dec 1997

No. S 564

Post Office Savings Bank of Singapore Act

(Chapter 237)

Post Office Savings Bank (Interest Rates) (Amendment No. 2) Rules 1997

In exercise of the powers conferred by sections 28 and 50 of the Post Office Savings Bank of Singapore Act, the Post Office Savings Bank of Singapore, with the approval of the Minister for Finance, hereby makes the following Rules:

Citation and commencement

1. These Rules may be cited as the Post Office Savings Bank (Interest Rates) (Amendment No. 2) Rules 1997 and shall come into operation on 1st January 1998.

Amendment of rule 3

2. Rule 3 of the Post Office Savings Bank (Interest Rates) Rules (R 5) is amended —

(a)	by deleting the words “2¾% per annum” in paragraph (1) and substituting the words “3¼% per annum”; and
(b)	by deleting the words “2½% per annum” in paragraph (2) and substituting the words “3% per annum”.

[G.N. Nos. S 208/94; S 382/94; S 451/94; S 292/95; S 147/96; S 451/97]

Made this 29th day of December 1997.

MOSES LEE KIM POO

Chairman,
Post Office Savings Bank of
Singapore.

[MF(R)F45.9.01 Vol. 5; POSB 070202/2 Vol. 1; AG/LEG/SL/237/95/2 Vol. 1]

Search within Legislation