MoF issued the interest rates of the deposits

Jun 10, 2024 | by TeamLease RegTech Legal Research Team

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Labour Compliance The Ministry of Finance (MoF) on June 10, 2024, issued the interest rates of the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds.

It is stated that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds shall with effect from April 01, 2024, to June 30, 2024 bear interest at 7.1% (Seven points one per cent).

This rate will be in force w.e.f. April 01, 2024.

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

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