Senior Citizens’ Savings (Amendment) Scheme 2020: Revised Interest Rate Gazette Notification
भारत का राजपत्र
The Gazette of India
सी.जी.-डी.एल.-अ.-09052020-219318
CG-DL-E-09052020-219318
असाधारण
EXTRAORDINARY
भाग II—खण्ड 3—उप–खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राधिकार से प्रकाशित
PUBLISHED BY AUTHORITY
सं. 216] नई दिल्ली, शनिवार, मई 9, 2020/वैशाख 19, 1942
No. 216] NEW DELHI, SATURDAY, MAY 9, 2020/VAISAKHA 19, 1942
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 5th May, 2020
G.S.R. 287(E).—In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme to amend the Senior Citizens’ Savings Scheme, 2019, namely:-
1. (1) This Scheme may be called the Senior Citizens’ Savings (Amendment) Scheme, 2020.
View: Senior Citizen’s Savings Schemes in POSB : Amendment s to procedural rules : S.B. Order 11/2020
(2) They shall be deemed to have come into force on the 1st day of April, 2020.
2. In the Senior Citizens’ Savings Scheme, 2019, in paragraph 5, for sub-paragraph (1), the following sub-paragraphs shall be substituted, namely:-
“(1) The deposit made under this Scheme between 12th December, 2019 to 31st March, 2020 (both days inclusive) shall bear interest at the rate of 8.6 per cent per annum.
(1A) The deposit made under this Scheme on or after the 1st day of April, 2020 shall bear interest at the rate of 7.4 per cent. per annum.”
[F. No. 1/04/2019-NS]
RAJAT KUMAR MISHRA, Jt. Secy.
Note: The principal Scheme was published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide notification number G. S. R. 916(E), dated the 12th December, 2019.
COMMENTS