MoF announced enforcement date and interest rates of special Deposit Scheme

Jan 05, 2022 | by TeamLease RegTech Legal Research Team

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Labour ComplianceThe Ministry of Finance (MoF) on January 03, 2021 has issued a notification on the Special Deposit scheme for Non-Government Provident, Superannuation and Gratuity Funds, which will come into effect from annuary 01, 2022 to March 31, 2022 and shall bear the Interest of 7.1 % (seven point one Percent).

This notification shall come into force from January 01, 2022.

[Notification F. No. 5(4)-B(PD)/2021]

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