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RBI/2011-12/592
DGBA.CDD. No.H-7815/15.01.001/2011-12
June 06, 2012
The Chairman & Managing Director
Head Office (Government Accounts Department)
State Bank of India and its Associates/
Allahabad Bank /Bank of Baroda /Bank of India /Bank of Maharashtra/Canara
Bank /
Central Bank of India /Corporation Bank /Dena Bank /Indian Bank/
Indian Overseas Bank/Oriental Bank of Commerce /Punjab National Bank /
Syndicate Bank /UCO Bank /Union Bank of India /United Bank of India
Dear Sir/Madam,
Special Deposit Scheme (SDS), 1975 –Revision of Rate of
Interest
The Government of India has vide Notifications, as detailed
below, notified revision in the interest rates on the deposits 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 June
30, 1975.
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Notification details
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Rate of Interest
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With effect from
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Government of India, Ministry of Finance
(Department of Economic Affairs) Notification No.5(4) – B(PD)/2011 dated
March 13, 2012
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8.6% per annum
(eight point six per cent per annum)
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December 01, 2011
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Government of India, Ministry of Finance
(Department of Economic Affairs) Notification No.5(4) – B(PD)/2012 dated
May 22, 2012
(to be published as a Gazette Notification)
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8.8% per annum
(eight point eight per cent per annum)
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April 01, 2012 until further orders.
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2. Copies of both the notifications are enclosed. You may
please issue suitable instructions to all your Deposit offices and
acknowledge receipt.
Yours faithfully,
(Sangeeta Lalwani)
Deputy General Manager
THE GAZETTE OF INDIA
EXTRAORDINARY
PART I - SEC. 1
No. 67 ]
New Delhi, TUESDAY, March 13, 2012 / PHALGUNA 23, 1933
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 13th March 2012
No. 5(4)-B(PD)/2011. – 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 December, 2011 and until
further orders, bear interest at 8.6% (eight point six per cent) per annum.
Brajendra Navnit
Dy. Secy. (Budget)
[TO BE PUBLISHED IN THE GAZETTE OF INDIA: EXTRAORDINARY, PART
I – SEC. I]
Government of India
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 22nd May, 2012
No. 5(4)-B(PD)/2012. – 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 April, 2012 and until further
orders, bear interest at 8.8% (eight point eight per cent) per annum.
Brajendra Navnit
Deputy Secretary (Budget
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