Senior Citizens’ Savings (Amendment) Scheme, 2020 – Gazette Notification
Senior Citizens’ Savings (Amendment) Scheme, 2020 – Revised Interest rate w.e.f 1st April, 2020 Gazette Notification dated 05.05.2020
भारत का राजपत्र
The Gazette of India
भाग II—खण्ड 3—उप–खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राधिकार से प्रकाशित
PUBLISHED BY AUTHORITY
सं. 216] नई दिल्ली, शनिवार, मई 9, 2020/वैशाख 19, 1942
No. 216] NEW DELHI, SATURDAY, MAY 9, 2020/VAISAKHA 19, 1942
MINISTRY OF FINANCE
(Department of Economic Affairs)
New Delhi, the 5th May, 2020
G.S.R. 287(E).—In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme to amend the Senior Citizens’ Savings Scheme, 2019, namely:-
1. (1) This Scheme may be called the Senior Citizens’ Savings (Amendment) Scheme, 2020.
(2) They shall be deemed to have come into force on the 1st day of April, 2020.
2. In the Senior Citizens’ Savings Scheme, 2019, in paragraph 5, for sub-paragraph (1), the following sub-paragraphs shall be substituted, namely:-
“(1) The deposit made under this Scheme between 12th December, 2019 to 31st March, 2020 (both days inclusive) shall bear interest at the rate of 8.6 per cent per annum.
(1A) The deposit made under this Scheme on or after the 1st day of April, 2020 shall bear interest at the rate of 7.4 per cent. per annum.”
[F. No. 1/04/2019-NS]
RAJAT KUMAR MISHRA, Jt. Secy.
Note: The principal Scheme was published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide notification number G. S. R. 916(E), dated the 12th December, 2019.
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