National Savings Time Deposit (Amendment) Scheme 2020: Notification – Revised Table of Interest

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National Savings Time Deposit (Amendment) Scheme 2020: Notification – Revised Table of Interest

National Savings Time Deposit (Amendment) Scheme 2020: Notification – Revised Table of Interest

เคญเคพเคฐเคค เค•เคพ เคฐเคพเคœเคชเคคเฅเคฐ
The Gazette of India

เคธเฅ€.เคœเฅ€.-เคกเฅ€.เคเคฒ.-เค….-09052020-219318
CG-DL-E-09052020-219318

เค…เคธเคพเคงเคพเคฐเคฃ
EXTRAORDINARY

เคญเคพเค— IIโ€”เค–เคฃเฅเคก 3โ€”เค‰เคชเค–เคฃเฅเคก (i)
PART IIโ€”Section 3โ€”Sub-section (i)

เคชเฅเคฐเคพเคงเคฟเค•เคพเคฐ เคธเฅ‡ เคชเฅเคฐเค•เคพเคถเคฟเคค
PUBLISHED BY AUTHORITY


เคธเค‚. 216] เคจเคˆ เคฆเคฟเคฒเฅเคฒเฅ€, เคถเคจเคฟเคตเคพเคฐ, เคฎเคˆ 9, 2020/เคตเฅˆเคถเคพเค– 19, 1942

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


MINISTRY OF FINANCE

(Department of Economic Affairs)ย 

NOTIFICATION

New Delhi, the 5th May, 2020

G.S.R. 289 (E).โ€”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 National Savings Time Deposit Scheme, 2019, namely:-

1. (1) This Scheme may be called the National Savings Time Deposit (Amendment) Scheme, 2020.

(2) They shall be deemed to have come into force on the 1st day of April, 2020.

View:ย National Time Deposit Schemes in POSB(CBS) : Amendments to procedural rules : S.B. Order 07/2020

2. In ย the ย National ย Savings ย Time ย Deposit ย Scheme, ย 2019 ย (hereinafter ย referred ย to ย as ย the ย said ย Scheme), ย in paragraph 7, in sub-paragraph (1),-

(a) In the Hindi version, at page 159, line 7, for โ€œ7.9โ€, read โ€œ7.7โ€.

(b) after the words โ€œshall be applicable to the depositsโ€, the following shall be inserted, namely:-

โ€œmade between 12th December, 2019 to 31stย March, 2020 (both days inclusive)โ€;

(c) after the table, the following sub-paragraph shall be inserted, namely:-

โ€œ1(A) The rate of interest as specified in the table below shall be applicable to the deposits made on or after the 1st day of April, 2020 under the Scheme.โ€

Sl. No. Category of account Rate of Interest
(per cent. per annum)
(1) (2)
1. One-year 5.5
2. Two-year 5.5
3. Three-year 5.5
4. Five-year 6.7

[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 no. G.S.R. 922(E), dated the 12thย December, 2019.

national-saving-time-deposit-amendment-scheme-2020

Click here to view/download the PDF of Government Savings Promotion Act Notification dated 05.05.2020

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