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Date: 2025-04-02 Category: Extra Ordinary State: Union Government Country: India

Amendment in Government Savings Promotion General Rules 2018

Issued by Ministry of Finance · Department of Economic Affairs

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Executive Summary & Key Takeaways

What it means

  • The gazette notification pertains to an amendment to the Government Savings Promotion General Rules, 2018.
  • The amendment, titled the Government Savings Promotion General (Amendment) Rules, 2025, removes the fee for cancellation or change of nomination related to government savings schemes.

Key Changes

  • The Government Savings Promotion General (Amendment) Rules, 2025, have been enacted.
  • The amendment comes into effect on the date of its publication in the official gazette (April 2, 2025).
  • A fee of ₹50 previously charged for cancellation or changes to nominations under Schedule II of the Government Savings Promotion General Rules, 2018, has been eliminated.

Impact Analysis

Impact on Depositors/Investors

  • Increased accessibility and attractiveness of government saving schemes.

Impact on Government

  • Positive impact on public perception by removing fees and making schemes more user-friendly.

Suggested Action Items

  • Monitor the impact of the fee removal on the volume of nomination changes/cancellations to assess any operational impacts.

Key Entities Referenced

Government Savings Promotion Act, 1873: The principal act that provides the central government with the authority to create schemes related to government savings and make rules to promote them. Section 15 of this act confers powers to the central government. Government Savings Promotion General Rules, 2018: The general rules established by the Central Government to govern the operation and promotion of government savings schemes. This notification amends these rules. Ministry of Finance (Department of Economic Affairs): The government ministry responsible for issuing the notification and overseeing government savings schemes.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-02042025-262235 CG-DxLx-xEG-I0D2H0x4x2x0 25-262235 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 175] िई दिल्ली, बुधिार, अप्रलै 2, 2025/चत्रै 12, 1947 No. 175] NEW DELHI, WEDNESDAY, APRIL 2, 2025/CHAITRA 12, 1947 जित्त मत्रं ालय (आर्थकि काय ि जिभाग) अधिसचू ना नई दिल्ली, 2 अप्रलै , 2025 सा.का.जि. 214(अ).—सरकारी बचत संिधिि अजधजियम, 1873 (1873 का 5) की धारा 15 द्वारा प्रित्त िजियों का प्रयोग करते हुए, केन्द्रीय सरकार, सरकारी बचत संिधिि सामान्द्य जियम, 2018 में और संिोधि करिे के जलए जिम्नजलजखत योििा बिाती ह,ै अथाित्:- 1. सजं िप्त िाम और प्रारंभ - (1) इि जियमों को सरकारी बचत संिधिि सामान्द्य (संिोधि) जियम, 2025 कहा िा सकेगा। (2) यह सरकारी रािपत्र में प्रकािि की तारीख से प्रिृत् त होगा। 2. सरकारी बचत संिधिि सामान्द्य जियम, 2018 में अिुसूची II में, सेिाओं हते ु प्रभाररत दकए िािे िाले िुल् क के तहत, िब् ि और आंकडे “(ख) िामांकि का जिरसि अथिा उसमें पररितिि-₹50” का जिलोपि दकया िाएगा। [फा. सं. 1/4/2023-एिएस(भाग.)] सोलोमि अरोदकयाराि, संयुक् त सजचि िोट: मूल जियम मूल रूप से भारत के रािपत्र, असाधारण, भाग II, खंड 3, उपखंड (i) में अजधसूचिा संख्या सा.का.जि. 1003(अ), दििांक 5 अक्टूबर, 2018 के तहत प्रकाजित दकया गया था, जिसे बाि में संख्या सा.का.जि. 238 (अ), दििांक 31 माचि, 2023 के तहत संिोजधत दकया गया और तत् पश् चात संख्या सा.का.जि. 488(अ), दििांक 3 िुलाई, 2023 के तहत संिोजधत दकया गया। 2314 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 2nd April, 2025 G.S.R. 214(E).—In exercise of the powers conferred by section 15 of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme to further amend the Government Savings Promotion General Rules, 2018, namely:- 1. Short title and commencement. – (1) These rules may be called the Government Savings Promotion General (Amendment) Rules, 2025. (2) It shall come into force on the date of its publication in the official gazette. 2. In the Government Savings Promotion General Rules, 2018, in the Schedule II, under Fee to be charged for services, the words and figures “(b) Cancellation or change of nomination – ₹50” shall be deleted. [F. No. 1/4/2023-NS(Pt.)] SOLOMON AROKIARAJ, Jt. Secy. Note : The principal rules was originally published in the Gazette of India, Extraordinary, Part II, section 3, subsection (i) vide notification number G. S. R. 1003(E), dated the 5th October, 2018 , subsequently amended vide number G.S.R. 238(E), dated the 31st March, 2023 and subsequently amended vide number G.S.R. 488(E), dated the 3rd July, 2023. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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