An office memorandum was released by the Department of Economic Affairs under the Indian Ministry of Finance on March 31, 2023, with regard to the revision of interest rates for Small Savings Schemes. The memorandum has announced the updated interest rates for the first quarter of the fiscal year 2023-24, from April 1, 2023, to […]
Archives for April 2023
DOPT: Streamlining Caste Certificate Verification PDF
On March 29, 2023, the Department of Personnel and Training (DOPT) of the Government of India released an office memorandum directed to all States/UT Governments emphasizing the need to complete caste verification processes promptly. The memorandum referred to prior letters from the department and concerns raised by the Parliamentary Committee on the Welfare of SC […]
New Mahila Samman Savings Certificate 2023 Introduced PDF
The Department of Posts, Ministry of Communications in India has introduced a new savings scheme called Mahila Samman Savings Certificate 2023. Women can open an account in their own name or on behalf of a minor girl child before March 31, 2025, with a minimum deposit of Rs. 1,000 and a maximum deposit limit of […]
2023-24 Interest Rates for Govt. Servants Buying Computers PDF
An office memorandum from the Budget Division of the Department of Economic Affairs under the Indian Ministry of Finance has declared that government employees availing of computer purchase advances in the fiscal year 2023-24 (April 1, 2023, to March 31, 2024) will be subject to an annual interest rate of 9.1%. New Interest Rates for […]
SB Order No. 03/2023 – NSC Account Closure PDF
The Department of Posts under the Ministry of Communications has provided an explanation regarding the closure of National Savings Certificate (NSC) accounts that are pledged to banks. According to Rule 7(1) of the National Savings Certificate Scheme, premature closure of the account is permitted in cases such as the death of the account holder(s), forfeiture […]