MINISTRY OF FINANCE
(Department of Economic Affairs)
New Delhi, the 29th March, 2016
G. S. R. 352(E).— In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Sukanya Samriddhi Account Rules, 2014.
1.(1) These rules may be called the Sukanya Samriddhi Account (Amendment) Rules, 2016.
(2) They shall be deemed to have come into force on the 1st day of April, 2016.
2. In the Sukanya Samriddhi Account Rules, 2014, in rule 7, in sub-rule (1), after first proviso, the following proviso shall be inserted, namely:-
“Provided that in the case of a deposit made under these rules on or after the 1st day of April, 2016, it shall bear at the rate of 8.6 per cent per annum from the date of deposit.”
[F. No. 1/04/2016-NS-II]
PRASHANT GOYAL, Jt. Secy.
Note: – The Sukanya Samriddhi Account Rules, 2014 were published in the Gazette of India (Extraordinary) vide notification number G. S. R. 863(E), dated the 2nd December, 2014 and subsequently amended vide G.S.R. 593(E), dated the 27th July, 2015.