MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION

New Delhi, the 5th May, 2020

G.S.R. 288(E).—In exercise of the powers conferred by section 3Aof the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme to amend the Sukanya Samriddhi Account Scheme, 2019, namely:-

1. (1) This Scheme may be called the Sukanya Samriddhi Account (Amendment) Scheme, 2020.

(2) They shall be deemed to have come into force on the 1st day of April, 2020.

2. In the Sukanya Samriddhi Account Scheme, 2019, in paragraph 5, for sub-paragraph (1), the following sub-paragraph shall be substituted, namely:-

“(1) The deposits made in the account between 12th December, 2019 to 31st March, 2020 (both days inclusive) and the balances at the credit of the account shall earn interest at the rate of 8.4 per cent. per annum.

(1A) The deposits made in the account on or after the 1st day of April, 2020 and the balances at the credit of the account shall earn interest at the rate of 7.6 per cent. per annum.”

[F. No. 1/04/2019-NS]

RAJAT KUMAR MISHRA, Jt. Secy.

Note: -The principal Scheme was published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide notification number G. S. R. 914 (E), dated the 12th December, 2019

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