Sukanya Samriddhi Account (Amendment) Scheme 2020: Revised Interest Rate w.e.f 1st April, 2020 – Gazette Notification
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. 288 (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 Sukanya Samriddhi Account Scheme, 2019, namely:-
1. (1) This Scheme may be called the Sukanya Samriddhi Account (Amendment) Scheme, 2020.
(2) They shall be deemed to have come into force on the 1st day of April, 2020.
2. In the Sukanya Samriddhi Account Scheme, 2019, in paragraph 5, for sub-paragraph (1), the following sub- paragraph shall be substituted, namely:-
“(1) The deposits made in the account between 12th December, 2019 to 31st March, 2020 (both days inclusive) and the balances at the credit of the account shall earn interest at the rate of 8.4 per cent. per annum.
(1A) The deposits made in the account on or after the 1st day of April, 2020 and the balances at the credit of the account shall earn interest at the rate of 7.6 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. 914 (E), dated the 12th December, 2019.
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