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........ CITIZENS DUTY & SLOGAN ::: It shall be the duty of every Citizen of India to defend the Country and render National service when called upon to do so ... SLOGAN ::: "That loyalty to the Country becomes ahead of all other loyalties. And this is an absolute loyalty since one can not weight it in terms of what one receives" (Lal Bahadur Shastri) ..... # Stay at home, be safe and extend support in fight against COVID-19 ......... .......

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Saturday, May 9, 2020

Amendment in Section 3(A) of Government Savings Promotion Act 1873 - Gazette Notification (09-05-20)

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 

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