Home India Ministry of Finance It is hereby notified that the deposits made under the Senio...
Date: 2018-12-11 Category: Extra Ordinary State: Union Government Country: India

It is hereby notified that the deposits made under the Senior Citizens Welfare Fund announced in the Ministry of Finance

Issued by Ministry of Finance · Department of Economic Affairs

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Executive Summary & Key Takeaways

**Policy Summary:** This notification, issued by the Ministry of Finance, Department of Economic Affairs, announces the interest rate for deposits made under the Senior Citizens Welfare Fund. Effective from April 1, 2018, to March 31, 2019, these deposits will accrue interest at a rate of 7.90% (seven point nine percent). The notification number is F. No. 13202014NS, and it is dated December 6, 2018. The issuing authority is Arvind Shrivastava, Joint Secretary. The original notification regarding the Senior Citizens Welfare Fund is G.S.R. 322E, dated March 18, 2016.

Key Entities Referenced

Senior Citizens Welfare Fund: A fund under which deposits are made, as announced by the Ministry of Finance. Ministry of Finance: The Indian government ministry responsible for economic and financial matters. Department of Economic Affairs: A department within the Ministry of Finance. New Delhi: The location of the notification, New Delhi, Delhi, India. G.S.R. 322E: Notification number related to Senior Citizens Welfare Fund. 1st April, 2018: The date from which the interest rate is effective. 31st March, 2019: The date until which the interest rate is applicable. ARVIND SHRIVASTAVA: Jt. Secy.
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