Recently, Reserve Bank of India has declared on 12th December, 2014 that the Interest Rate reduces on Special Deposit Scheme 1975 from 8.8% to 8.7%. This reduced interest rate will effect from 01st January, 2014 to 31st December, 2014. This is great loss of Special Deposit Schemes account holders during the calendar year 2014.
In this connection, we advise that interest for the calendar year 2014 may be promptly disbursed to the SDS account holders @ 8.7% per annum from January 01, 2014 to December 31, 2014 through electronic mode such as ECS/NECS/ NEFT/RTGS or by way of account payee cheques on January 01, 2015 itself, subject to instructions, as applicable, contained in paragraphs 3 and 4 of our circular CO.DT.No.15.01.001/H-3527/2003-04 dated December 30, 2003.
Download Reduces Interest Rates on Special Deposit Schemes (SDS) Click Here.
In this connection, we advise that interest for the calendar year 2014 may be promptly disbursed to the SDS account holders @ 8.7% per annum from January 01, 2014 to December 31, 2014 through electronic mode such as ECS/NECS/ NEFT/RTGS or by way of account payee cheques on January 01, 2015 itself, subject to instructions, as applicable, contained in paragraphs 3 and 4 of our circular CO.DT.No.15.01.001/H-3527/2003-04 dated December 30, 2003.
Download Reduces Interest Rates on Special Deposit Schemes (SDS) Click Here.
