National Savings Time Deposit (Amendment) Scheme 2020 – Gazette Notification

National Savings Time Deposit (Amendment) Scheme 2020: Revised Interest Rate w.e.f 1st April, 2020- Gazette Notification

भारत का राजपत्र
The Gazette of India

सी.जी.-डी.एल.-अ.-09052020-219318
CG-DL-E-09052020-219318

असाधारण
EXTRAORDINARY

भाग II—खण्ड 3—उप–खण्ड (i)
PART II—Section 3—Sub-section (i)

प्राधिकार से प्रकाशित
PUBLISHED BY AUTHORITY

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सं. 216] नई दिल्ली, शनिवार, मई 9, 2020/वैशाख 19, 1942

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

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MINISTRY OF FINANCE

(Department of Economic Affairs) 

NOTIFICATION

New Delhi, the 5th May, 2020

G.S.R. 289 (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 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.

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

(a) In the Hindi version, at page 159, line 7, for “7.9”, read “7.7”.

(b) after the words “shall be applicable to the deposits”, the following shall be inserted, namely:-

“made between 12th December, 2019 to 31st March, 2020 (both days inclusive)”;

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

“1(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.”

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 12th December, 2019.

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