AMENDMENT IN SECTION 3(A) OF
GOVERNMENT SAVINGS PROMOTION ACT 1873 - GAZETTE NOTIFICATION (09-05-2020)
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KIVASAN PATRA :
= Maturity period of an account opened between 31st December 2019 to 31st March 2020 ::
9 years 5 months.
9 years 5 months.
= Maturity period of an account opened on or after 1st April 2020 :: 10 years 4 months.
NATIONAL SAVINGS CERTIFICATE : (VIII ISSUE) SCHEME, 2019 ::
Maturity value of the account opened between 31st December 2019 to 31st March 2020 (for Rs.1000-): Rs.1,462-54ps.
Maturity value of the account opened on or after 1st April 2020 (for Rs.1000-) : 1,389-40ps
National Savings Recurring Deposit Scheme, 2020
(for Rs.100- denomination ::
from 12-12-2019 to 310-3-2020 ------- Rs.7,231-38ps
on or after 01-04-2020 --------------------Rs.6,969-76ps
National Savings (Monthly Income Account) Scheme, 2020 -
Interest rate :
from 12-12-2019 to 31-03-2020 ----- @ 7.6% p.a
on or after 01-04-2020 ------------------ @ 6.6% p.a
Senior Citizens' Savings (Amendment) Scheme, 2020 :
Interest rate :
from 12-12-2019 to 31-03-2020 ----- @ 8.6% p.a
on or after 01-04-2020 ------------------ @ 7.4% p.a
SUKANYA SAMRIDDHI ACCOUNT (Amendement) SCHEME, 2020 :
Interest rate :
from 12-12-2019 to 31-03-2020 ----- @ 8.4% p.a
on or after 01-04-2020 ------------------ @ 7.6% p.a
National Savings TIME DEPOSIT (Amendment) SCHEME, 2020 :
Interest rate :
from 12-12-2019 to 31-03-2020
on or after 01-04-2020
One Year : 5.5% p.a
Two Year : 5.5% p.a
Three Year : 5.5% p.a
Five Year : 6.7% p.a
PUBLIC PROVIDENT FUND (Amendment) SCHEME, 2020 :
Interest rate :
from 12-12-2019 to 31-03-2020 ----- @ 7.9% p.a
on or after 01-04-2020 ------------------ @ 7.1% p.a
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