SPECIAL DEPOSIT SCHEME (SDS), 1975 - REVISION OF RATE OF INTEREST - Income Tax - DGBA.CDD. NO. 2319/15.01.001/2013-14

CIRCULAR DGBA.CDD. NO. 2319/15.01.001/2013-14 DATED 9-10-2013 The Ministry of Finance (Department of Economic Affairs), Government of India, vide its Notification F. No. 5(4)-B(PD)/2013 dated April 08, 2013, has notified revision in the interest rate on the deposits under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, as appended:- Notification details Rate of Interest With effect from Government of India, Ministry of Finance (Department of Economic Affairs) Notification F No. 5(4)-B(PD)/2013 dated April 08, 2013 8.7% per annum (eight point seven per cent per annum) April 01, 2013 2. Copy of the notification is enclosed (Annexure). You may please issue suitable instructions to all your Deposit Offices and acknowledge receipt. ANNEXURE SPECIAL DEPOSIT SCHEME (SDS), 1975 - NOTIFIED RATE OF INTEREST FOR DEPOSITS MADE UNDER SDS, 1975 W.E.F. 1-4-2013 NOTIFICATION [F. NO. 5(4) - B (PD)/2013], DATED 12-4-2013 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, 2013 and until further orders, bear interest at 8.7% (eight point seven per cent) per annum.