MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 27th April, 2023
G.S.R.329(E).—In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme further to amend the Sukanya Samriddhi Account Scheme, 2019, namely:-
1. (1) This Scheme may be called the Sukanya Samriddhi Account (Amendment) Scheme, 2023.
(2) It shall be deemed to have come into force on the 1st day of April, 2023.
2. In the Sukanya Samriddhi Account Scheme, 2019 (hereinafter referred to as the said Scheme), in paragraph 5,-
(a) in sub-paragraph (1A), for the words and figures, “on or after the 1st day of April, 2020”, the following words, figures and brackets “between 1st April, 2020 to 31st March, 2023 (both days inclusive)” shall be substituted;
(b) after sub-paragraph (1A), the following sub-paragraph shall be inserted, namely:-
“(1B) The deposits made in the account on or after the 1st day of April, 2023 and the balances at the credit of the account shall earn interest at the rate of 8.0 per cent. per annum.”.
[F. No. 1/04/2016-NS]
ASHISH VACHHANI, Addl. Secy.
Explanatory Memorandum.- The Sukanya Samriddhi Account (Amendment) Scheme, 2023 takes effect from the date as specified in the notification. However, no one shall be adversely affected as a result of retrospective effect being given to this amendment Scheme.
Note: The principal Scheme was published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i), vide number G.S.R. 922(E), dated the 12th December, 2019 and subsequently amended vide number G.S.R. 288(E), dated the 5th May, 2020.
