Special Deposit Scheme (SDS), 1975 - Revision of Rate of Interest - RBI - Reserve Bank of India
Special Deposit Scheme (SDS), 1975 - Revision of Rate of Interest
RBI/2013-14/329 October 09, 2013 The Chairman & Managing Director Dear Sir/Madam, Special Deposit Scheme (SDS), 1975 – The Ministry of Finance (Department of Economic Affairs), Government of India, vide its Notification F No.5(4)-B(PD)/2013 dated April 08, 2013, has notified revision in the interest rate on the deposits under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, as appended:-
2. Copy of the notification is enclosed. You may please issue suitable instructions to all your Deposit Offices and acknowledge receipt. Yours faithfully, (R. K. Das) Ministry of Finance SAVINGS SCHEME NOTIFICATION Dated: April 12, 2013 It is hereby notified that the deposits made under the Special Deposit Scheme for non- Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance (Department of Economic Affairs) Notification No. F. 16(1)-PD/75, dated 30th June, 1975, shall with effect from 1st April, 2013 and until further orders, bear interest at 8.7% (eight point seven per cent) per annum. F. No. 5(4) - B (PD)/2013(Peeyush Kumar) |