Finance notification

Corrigenda to Banning of Unregulated Deposit Schemes Ordinance, 2019

Corrigenda to Banning of Unregulated Deposit Schemes Ordinance, 2019 (28/02/2019)

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 28th February, 2019 CORRIGENDA In the BANNING OF UNREGULATED DEPOSIT SCHEMES ORDINANCE, 2019 (No. 07 OF 2019) as published in the Gazette of India, Extraordinary, Part 11, Section 1, Issue No. 13, dated the 213‘ February, 2019,— Page No. Line(s) No.  For Read 28...

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Banning of Unregulated Deposit Schemes Ordinance, 2019

No. 7 or 2019 (21/02/2019)

(1) This Ordinance may be called the Banning of Unregulated Deposit Schemes Ordinance, 2019. (2) It extends to the whole of India except the State of Jammu and Kashmir. (3) It shall come into force at once....

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Small Savings Schemes Interest Rate for 01.01.2019 to 31.03.2019

F. No.01/0412016-NS (31/12/2018)

Rates of interest on various small savings schemes for the fourth quarter of financial year 2018-19 starting 1stJanuary, 2019, and ending on 31st March, 2019, on the basis of the interest compounding / payment built-in in the schemes,...

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Appointment of Shri Shaktikanta Das as Governor, RBI

Notification No. S.O. 6142(E) (12/12/2018)

Central Government appointed Shri Shaktikanta Das, IAS Retd. (TN:80), former Secretary, Department of Economic Affairs, as Governor, Reserve Bank of India (RBI), for a period of three years....

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Interest Rate on deposits under Senior Citizens Welfare Fund from 01.04.18 to 31.03.19

F. No. 13/20/2014-NS (06/12/2018)

It is hereby notified that the deposits made under the Senior Citizens Welfare Fund, announced in the Ministry of Finance (Department of Economic Affairs) Notification No. G.S.R. 322(E) dated 18th March, 2016, shall with effect from 1st April, 2018 to 31st March, 2019, bear interest at 7.90% (Seven point nine per cent). This rate will be ...

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Interest Rates of Small Savings Schemes hiked by 0.30 to 0.40 percent

F.No.01/04/2016-NS (19/09/2018)

Government announces the Revision of interest rates for Small Savings Schemes for the Third Quarter of the current Financial Year 2018-19 On the basis of the decision of the Government of India, the interest rates for Small Savings Schemes are to be notified on Quarterly Basis with the approval of the Union Finance Minister. Accordingly, ...

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Sukanya Samriddhi A/c can be opened with initial deposit of Rs. 250 now

G.S.R. 617(E) (05/07/2018)

Sukanya Samriddhi Account Account may be opened with a minimum initial deposit of two hundred and fifty rupees and thereafter any amount in multiples of  two hundred and fifty rupees may be deposited in an Account subject to the condition that a minimum of two hundred and fifty rupees shall be made as deposit in a […]...

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Regularisation of PPF accounts opened in Joint names

SB Order No. 06/2018 (28/05/2018)

As per the Public Provident Fund Scheme, 1968, a PPF account can not be opened in joint names, i.e. in the names of more than one individual. Ministry of Finance has been receiving references from various Banks and Post Offices seeking regularization of irregular PPF accounts opened in joint capacity. ...

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Interest Rate on Special Deposit Scheme wef 01.01.2018 notified

F. No. 5(4)-B(PD)/2017 (01/01/2017)

Deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds shall with effect from 1st January, 2018 to 31st March, 2018 bear interest at 7.6% (Seven point six per cent). This rates will be in force w.e.f. 1st January, 2018....

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Constitution of Fifteenth Finance Commission Notified

S.O.3755(E) (27/11/2017)

The Government of India, with the approval President of India, has constituted Fifteenth Finance Commission in pursuance of clause (1) of article 280 of the Constitution, read with the provisions of the Finance Commission (Miscellaneous Provisions) Act, 1951 w.e.f. 27th November, 2017. ...

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