RBI issued the interest rate for the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds

Jan 06, 2025 | by TeamLease RegTech Legal Research Team

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Labour ComplianceThe Reserve Bank of India (RBI) on January 03, 2025, issued the interest rate for the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds.

It is 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 June 30, 1975, shall with effect from January 01, 2025 to March 31, 2025 bear interest at 7.1% (seven point one percent). 

This rate will be in force w.e.f. January 01, 2025.

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


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