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Special Deposit Scheme (SDS), 1975 – Revision of Rate of Interest


 Notice Date : 06 June 2012

CIRCULAR DGBA. CDD. NO. H-7815/15.01.001/2011-12

DATED 6-6-2012

The Government of India has vide Notifications, as detailed below, notified revision in the interest rates on the deposits under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance (Department of Economic Affairs) Notification No.F.16(1)-PD/75 dated June 30, 1975.

Notification details

Rate of Interest

With effect from

Government of India, Ministry of Finance (Department of Economic Affairs) Notification No.5(4) - B(PD)/2011 dated March 13, 2012

 8.6% per annum (eight point six per cent per annum)

December 01, 2011

Government of India, Ministry of Finance (Department of Economic Affairs) Notification No.5(4) - B(PD)/2012 dated May 22, 2012 (to be published as a Gazette Notification)

 8.8% per annum (eight point eight per cent per annum)

April 01, 2012 until further orders.

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Guest
on 16 June 2012
Circular No : CIRCULAR DGBA. CDD. NO. H-7815/15.01.001/2011-12
Published in Income Tax
Source : ,










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