i) The M.N. Saha Distinguished Fellowship will be awarded to an Indian Scientist for most distinguished contribution to Science. The Fellow shall be called as M.N. Saha Distinguished Professor.
(ii) The Fellow would be paid Rs. 80,000/- p.m. plus allowances as per Govt. of India rules. Pensionary benefits are to be adjusted as per Govt. of India rules.
(iii) A sum of Rs. 2,00,000/= per annum will be paid as contingent expenses which may be suitably increased by the Council, depending upon the nature of the work proposed to be undertaken by the awardee.
(iv) The Fellowship will be tenable for a period of five years.
(v) If necessary, a telephone and assistance of a stenographer may be availed of out of the contingency grant.
(vi) There shall be provision for appointment of a Research Fellow/Associate with an emolument + HRA as per DST rules to assist in research work. This will be supported by resources from NASI.
(vii) The Distinguished Fellow may work in any suitable institution which shall provide, as far as possible, necessary working facilities, accommodation etc.