This Reserve Bank of India (RBI) circular, RBI20181988/DGBA.GBD.No.139715/15.01.001/2018-19, dated December 6, 2018, addresses agency banks handling the Special Deposit Scheme (SDS) of 1975. The circular provides guidance on the disbursement of interest for the calendar year 2018 to SDS account holders. It directs agency banks to refer to the Government of India website (egazette.nic.in) for gazette notifications pertaining to applicable interest rates. The RBI advises that interest disbursement for 2018 should preferably be executed electronically on January 1, 2019, in accordance with the instructions outlined in circular CO.DT.No.15.01.001/H 3527/2003-04 dated December 30, 2003. Agency banks are instructed to disseminate these instructions to all their deposit offices. For further information, contact A. Sidhaarth, Manager, Department of Government Bank Accounts, Central Office, 4th Floor, Byculla, Mumbai 400 008. Telephone inquiries can be made at 022-23016214 or 022-23001670. The fax number is 022-2300 8764/23009126/2301 0095, and the email address is cgmicdgbacorbi.org.in.
Key Entities Referenced
Special Deposit Scheme 1975: A government scheme (SDS 1975) for which interest rates are being communicated.
Agency Banks: Banks authorized to handle the Special Deposit Scheme 1975.
Government of India: The governing authority that publishes gazette notifications related to SDS 1975 interest rates.
Mumbai, Maharashtra: Location of the Central Office of the Department of Government Bank Accounts.
Reserve Bank of India: Regulatory body issuing the circular.
A.Sidhaarth: Manager at the Department of Government Bank Accounts, Reserve Bank of India
Department of Government Bank Accounts: Department within the Reserve Bank of India responsible for government banking activities.
CO.DT.No.15.01.001H 3527200304 dated December 30, 2003: RBI circular providing instructions related to disbursal of funds
RBI/2018-19/88
DGBA.GBD.No.1397/15.01.001/2018-19 December 6, 2018
The Chairman/Managing Director/Chief Executive Officer/
Agency Banks Handling the Special Deposit Scheme 1975
Dear Sir
Special Deposit Scheme (SDS)-1975
Payment of interest for calendar year 2018
We want to inform that gazette notifications related to interest rates for SDS 1975 are
available in Government of India website viz. egazette.nic.in which can be perused for
guidance. You may please ensure that interest for the calendar year 2018 for SDS 1975
is disbursed to the account holders as per the rates mentioned in the gazette.
2. We advise that interest for the calendar year 2018 may be disbursed to the SDS
account holders preferably through electronic mode on January 01, 2019 itself, subject
to instructions, as applicable now, contained in our circular CO.DT.No.15.01.001/H-
3527/2003-04 dated December 30, 2003.
3. Please issue suitable instructions to all your Deposit Offices.
Yours faithfully
(A.Sidhaarth)
Manager
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सरकारी और बक� लखे ा िवभाग, क��ीय कायालर् य, मबुं ई स�� ल रेलव ेस्टेशन के सामन,े चौथी मिंजल, भायखला, मबुं ई - 400 008
Department of Government & Bank Accounts, Central Office, Opp. Mumbai Central Railway Station, 4th Floor, Byculla, Mumbai - 400 008
Telephone: (022) 23016214,(022)23001670 Fax No. (022) 2300 8764/23009126/2301 0095, e-mail : cgmicdgbaco@rbi.org.in
�हदी आसान ह,ै इसका �योग बढ़ाइए ।