Sukanya Samriddhi Account (Amendment) Scheme, 2020

Sukanya Samriddhi Account (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

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

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

MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 5th May, 2020

G.S.R. 288 (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 Sukanya Samriddhi Account Scheme, 2019, namely:-

1. (1) This Scheme may be called the Sukanya Samriddhi Account (Amendment) Scheme, 2020.

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

2. In the Sukanya Samriddhi Account Scheme, 2019, in paragraph 5, for sub-paragraph (1), the following sub- paragraph shall be substituted, namely:-

“(1) The deposits made in the account between 12th December, 2019 to 31st March, 2020 (both days inclusive) and the balances at the credit of the account shall earn interest at the rate of 8.4 per cent. per annum.

(1A) The deposits made in the account on or after the 1st day of April, 2020 and the balances at the credit of the account shall earn interest at the rate of 7.6 per cent. per annum.”

[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 number G. S. R. 914 (E), dated the 12th December, 2019.

Click here to view/download the pdf of Sukanya Samriddhi Account (Amendment) Scheme, 2020 – Gazette Notification

Also check the following links related to this topic:

Sukanya Samriddhi Account Scheme 2019 – Gazette Notification

Bank Investment Schemes of Public and Private Sector Banks – NPS, PPF, Sukanya Samriddhi Yojana, APY

Passport, Aadhar Card and PAN card for age proof when joining Sukanya Samriddhi Account

Income Tax Exemption for Sukanya Samriddhi Account

Revision of interest rates for Small Savings Schemes