MoF notified regarding the rate of interest of the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds

Oct 05, 2023 | by TeamLease RegTech Legal Research Team

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Labour ComplianceThe Ministry of Finance (MoF) on October 04, 2023, notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, shall with effect from October 01, 2023 to December 31, 2023 bear interest at 7.1% (seven point one percent).

This rate will be in force w.e.f. October 01, 2023.

[Notification No. 5(3)-B(PD)/2023]


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