The Ministry of Finance (Department of Economic Affairs) has officially announced the interest rate for the Special Deposit Scheme for Non-Government Provident, Superannuation, and Gratuity Funds.
Key Details:
This updated rate will apply to all deposits made under the scheme, offering a boost for non-government provident funds and related financial arrangements.
The comments on the draft Directions are invited from public/stakeholders till May 12, 2025.
The amendments specifically alter Table 3.1 and Table 3.2 of the notification dated February 2, 2023. These tables outline the Annual Energy Consumption for the
Entities interested may submit their application along with supporting documents (not exceeding 10 MB in total size) via email.
RBI has launched PRAVAAH (Platform for Regulatory Application, Validation And Authorisation) portal on May 28, 2024 to streamline online applications for regulatory authorisations.
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