Interest Rate on Senior Citizens Welfare Fund

Last updated: 13 June 2024
Quick Summary
The Ministry of Finance has announced the interest rate for the Senior Citizens Welfare Fund. Deposits made into the fund between 1st April 2023 and 31st March 2024 will earn an interest of 7.15%. This rate has been effective from 1st April 2023.

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 10th June, 2024 F. No. 13/20/2014-NS.It is hereby notified that the deposits made under the Senior Citizens Welfare Fund, announced in the Ministry of Finance (Department of Economic Affairs) Notification No. G.S.
Daily Limit Reached

You have reached your daily limit of 2 Free Notice & Circular

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Broadcasts
  • Daily E-Newsletter
  • Unlimited Notice & Circular Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits

Already a PRO member? Login here for an ad-free experience.

FAQ :

The interest rate for deposits made under the Senior Citizens Welfare Fund between 1st April 2023 and 31st March 2024 is 7.15%.

The interest rate of 7.15% is effective from 1st April 2023.

This interest rate applies to deposits made under the Senior Citizens Welfare Fund from 1st April 2023 to 31st March 2024.

This notification was issued by the Ministry of Finance, Department of Economic Affairs.

 
Comments

Recent Notification/Circulars :

  1. SEBI RTI Appeal: Response Sheet Reconsideration Ordered for SEBI Grade A Exam 2025
  2. SEBI Proposes Major Overhaul of Accredited Investor Framework
  3. Income Tax Exemption Notified for District Legal Service Authority, Panchkula under Schedule III of Income-tax Act, 2025
  4. Section 10(46) Income Tax Exemption Granted to District Legal Service Authority, Panchkula
  5. Approval of Sir Ganga Ram Trust Society, Delhi for Scientific Research under the Income-tax Act, 2025
  6. SEBI Recovery Proceedings for Outstanding Disgorgement and Interest in IPO Irregularities
  7. SOP for Customs Clearance of Imported Goods through Foreign Post Offices (FPOs)
  8. Government Revises Central Excise Duty Rate to Rs. 1.5 Per Litre via Notification No. 42/2026
  9. India Extends Anti-Dumping Duty on Phthalic Anhydride Imports from China and South Korea for Five Years
  10. Odisha Joint Entrance Examination Committee Gets Tax Exemption under Schedule III of the Income-tax Act, 2025

View More Notifications


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member purshottam guptapurshottam guptaPro Member CA Bijo scariaCA Bijo scariaPro Member Gurunathan kannanGurunathan kannanPro Member Prakash J CPrakash J CPro Member Arun BoradArun Borad
Subscribe to Pro
Join an elite circle of professionals


Browse by Category