Government Revises Rate Of Interest On Deposits Under Special Deposit Scheme

Notification Dated 3rd January 2022

Ministry of Finance, Department of Economic Affairs

The notification reads as under:

It is hereby notified that the deposits made under the Special Deposit Scheme for Non Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance (Department of Economic Affairs) Notification No. F. 16(1) PD/75 dated 30th June, 1975, shall with effect from 1st January, 2022 to 31st March, 2022 bear interest at 7.1% (seven point one percent). This rate will be in force w.e.f. 1st January, 2022.

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