The Ministry of Finance (MoF) on February 14, 2024, published the National Savings Time Deposit (Amendment) Scheme, 2024 to further amend the National Savings Time Deposit Scheme, 2019.
This shall be deemed to have come into force on January 01, 2024
The following has been amended namely: -
• It states that in Para 7 which states “Rate of Interest”
(a) in subparagraph 1(E), for the words, figures, and letters, “on or after 1st day of July 2023”, the words, figures, letters, and brackets “between the 1st day of July 2023 and 31st day of December 2023 (both days inclusive)” shall be substituted;
(b) after sub-paragraph 1(E), the following sub-paragraph and Table shall be inserted, namely:-
“1(F) The rate of interest as specified in the Table shall be applicable to the deposit made on or after the 1st day of January 2024 under the Scheme.
Kindly refer to the document to view the Table
[Notification No. G.S.R. 108(E)]
