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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

सी.जी.-डी.एल.-अ.-09052020-219318
CG-DL-E-09052020-219318

असाधारण
EXTRAORDINARY

भाग IIखण्ड 3—उपखण्ड (i)
PART II—Section 3—Sub-section (i)

प्राधिकार से प्रकाशित
PUBLISHED BY AUTHORITY


सं. 216] नई दिल्लीशनिवारमई 9, 2020/वैशाख 19, 1942

No. 216]  NEW DELHI, SATURDAY, MAY 9, 2020/VAISAKHA 19, 1942


MINISTRY OF FINANCE

(Department of Economic Affairs) 

NOTIFICATION

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.

Click here to read/download the pdf of Senior Citizens’ Savings (Amendment) Scheme, 2020 – Gazette Notification

Also check the following links related to this topic:

Senior Citizens Saving Scheme 2019 – Gazette Notification

National Savings (Monthly Income Account) (Amendment) Scheme, 2020 – Gazette Notification

Kisan Vikas Patra (Amendment) Scheme, 2020 – Gazette Notification

Public Provident Fund (Amendment) Scheme 2020 – Gazette Notification

National Savings Time Deposit (Amendment) Scheme 2020 – Gazette Notification

Sukanya Samriddhi Account (Amendment) Scheme, 2020 – Gazette Notification

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