Home India Ministry of Finance Interest rate on Special Deposit Scheme 1975...
Date: 03-Jan-2025 Category: Extra Ordinary State: Union Government Country: India

Interest rate on Special Deposit Scheme 1975

Issued by Ministry of Finance · Department of Economic Affairs

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Executive Summary & Key Takeaways

What it means

  • This gazette notification announces the interest rate applicable to deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation, and Gratuity Funds.
  • The interest rate is set for the period from January 1, 2025, to March 31, 2025.

Key Changes

  • The interest rate for deposits under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds is set at 7.1% per annum.
  • This rate is applicable for the period from January 1, 2025, to March 31, 2025.
  • The notification is issued by the Ministry of Finance (Department of Economic Affairs).
  • The original scheme was announced vide notification F.16(1)-PD/75 dated 30th June, 1975.

Impact Analysis

Non-Government Provident, Superannuation, and Gratuity Funds

  • Action Item: Update investment records and financial models to reflect the new interest rate.

Employees and Beneficiaries

  • Action Item: Communicate the interest rate to employees and beneficiaries as part of regular updates.

Government

  • Action Item: Monitor the scheme's performance and make adjustments as needed in future notifications.

Key Entities Referenced

Ministry of Finance (Department of Economic Affairs): The government body responsible for issuing the notification and setting the interest rate for the Special Deposit Scheme. Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds: A government scheme that allows non-government provident, superannuation, and gratuity funds to deposit their funds and earn interest. Notification No.F.16(1)-PD/75 dated 30th June, 1975: The original notification announcing the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-03012025-259902 xxxGIDHxxx CG-DL-E-03012025-259902 xxxGIDExxx असाधारण EXTRAORDINARY भाग I—खण्ड 1 PART I—Section 1 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 02] नई कदल्ली, िुक्रिार, िनिरी 3, 2025/पौि 13, 1946 No. 02] NEW DELHI, FRIDAY, JANUARY 3, 2025/PAUSHA 13, 1946 जित्त मत्रं ालय (आर्थकि काय ि जिभाग) नई दिल्ली, 3, जनवरी, 2025 फा. स.ं 5(3)-बी(पी.डी.)/2023.—एतदद्वारा यह अजधसूजित ककया िाता ह ै कक जित्त मंत्रालय (आर्थिक काय ि जिभाग) की अजधसूिना स.ं एफ. 16(1)-पी.डी./75 तारीख 30 िून, 1975 म ें घोजित गरै -सरकारी भजिष्य, अजधिर्ििता और उपदान जनजधयों के जलए जििेि िमा योिना के अंतगति िमा करायी गई राजियों पर 1 िनिरी, 2025 स े 31 माि,ि 2025 तक 7.1% (सात दिमलि एक प्रजतित) ब्याि लगगे ा। यह दर 1 िनिरी, 2025 स ेलाग ू होगी। आिीि िच्छानी, अपर सजिि 85 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC.1] MINISTRY OF FINANCE (Department of Economic Affairs) New Delhi, the 3rd January, 2025 F. No. 5(3)-B(PD)/2023.—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 January, 2025 to 31st March, 2025 bear interest at 7.1% (seven point one percent). This rate will be in force w.e.f. 1st January, 2025. ASHISH VACHHANI, Addl. Secy. 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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