INCOME TAX

Special Deposit Scheme (SDS), 1975 - Revision of Rate of Interest

Circular DGBA. CDD. No. H-7815/15.01.001/2011-12

dated 6-6-2012

The Government of India has vide Notifications, as detailed below, notified revision in the interest rates on the deposits 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.

Notification details	Rate of Interest	With effect from
Government of India, Ministry of Finance (Department of Economic Affairs) Notification No.5(4) - B(PD)/2011 dated March 13, 2012	8.6% per annum (eight point six per cent per annum)	December 01, 2011
Government of India, Ministry of Finance (Department of Economic Affairs) Notification No.5(4) - B(PD)/2012 dated May 22, 2012 (to be published as a Gazette Notification)	8.8% per annum (eight point eight per cent per annum)	April 01, 2012 until further orders.