Home India Ministry of Finance It is hereby notified that the deposits made under the Speci...
Date: 2020-01-15 Category: Extra Ordinary State: Union Government Country: India

It is hereby notified that the deposits made under the Special Deposit Scheme

Issued by Ministry of Finance · Department of Economic Affairs

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Executive Summary & Key Takeaways

This notification, issued by the Ministry of Finance, Department of Economic Affairs, announces an interest rate for deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation, and Gratuity Funds. Effective from January 1, 2020, to March 31, 2020, these deposits will bear interest at a rate of 7.9% (Seven point nine percent). The original scheme was announced via Notification No. F.161PD75 dated June 30, 1975. The notification is dated January 15, 2020, and signed by Rajat Kumar Mishra, Jt. Secy.

Key Entities Referenced

Ministry of Finance: The government ministry responsible for financial matters. Department of Economic Affairs: A department within the Ministry of Finance. New Delhi: The location where the notification was issued. (National Capital Territory of Delhi) Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds: A deposit scheme for specific types of non-government funds. F. No. 52BPD2019: Notification number related to the policy. F.161PD75: Notification number of the earlier notification being amended. Rajat Kumar Mishra: The Joint Secretary who signed the notification. Mayapuri, New Delhi: Location of the Government of India Press. (National Capital Territory of Delhi)
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