Rate of Interest @7.01% on Special Deposit Schemes for Non-Government Provident, Superannuation and Gratuity Funds for Q4 of FY 2020-21

Rate of Interest @7.01% on Special Deposit Schemes for Non-Government Provident, Superannuation and Gratuity Funds for Q4 of FY 2020-21

Ministry of Finance has notified the Rate of Interest @7.01% on Special Deposit Schemes for Non-Government Provident, Superannuation and Gratuity Funds for Q4 of FY 2020-21.

Rate of Interest @7.01% on Special Deposit Schemes for Non-Government Provident, Superannuation and Gratuity Funds for Q4 of FY 2020-21: Notification

MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 6th January, 2021

F.No. 5(2)-B(PD)/2020.—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 1stJanuary, 2021 to 31stMarch, 2021 bear interest at 7.1% (seven point one percent). This rate will be in force w.e.f. 1st January, 2021.

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