Ministry of Finance specifies that the new rate of interest under Senior Citizens Welfare Fund shall come into effect from April 01, 2020

Feb 24, 2021 | by Avantis RegTech Legal Research Team

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Finance & Taxation Compliance

The Ministry of Finance on February 19, 2021 has issued a notification specifying that the deposits made under the Senior Citizens Welfare Fund shall bear interest at 5.81%. This rate will be in force with effect from April 01,


[Notification No. 13/20/2014-NS]


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