Amendment in Section 3(A) of Government Savings Promotion Act 1873 - Gazette Notification (09-05-2020)

Amendment in Section 3(A) of Government Savings Promotion Act 1873 - Gazette Notification (09-05-2020)

Amendment in Section 3(A) of Government Savings Promotion Act 1873 - Gazette Notification (09-05-2020)

KIVASAN PATRA :

= Maturity period of an account opened between 31st December 2019 to 31st March 2020 ::     
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