Changes in Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016

Ayupp
Image Courtesy - Wikipedia

New Delhi : The (GOI) Government of India, in consultation with the Reserve Bank of India (RBI), had notified Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 vide Notification No. S.O.4061(E) dated December 16, 2016. The deposit under this Scheme shall be made by any person who declared undisclosed income under Pradhan Mantri Garib Kalyan Yojana, 2016. The deposit sum, which shall not be less than twenty-five per cent of the declared undisclosed income, can be deposited at the authorized banks (as notified by Government of India) from December 17, 2016 (Saturday) to March 31, 2017 (Friday). 

In this connection, it is clarified that Co-operative Banks are not authorised banks to accept deposits under PMGKDS, 2016. Para 7 (1) of the notification stands amended as under: 

“7. Authorised banks.—(1) Application for the deposit in the form of Bonds Ledger Account shall be received by any banking company, other than Co-operative Banks, to which the Banking Regulation Act, 1949 (10 of 1949) applies.” 



You may also like to read our latest analysed news:
- Did PM Modi drink water in the middle of the national anthem on Red Fort on August 15?
- Did Swachh Bharat Saved 3 Lakh Children as quoted by PM Modi
- Cadbury not providing Free Basket of Chocolate to celebrate 194 years
- Did Khalid made up the attack, Journo Claims Khalid Wasn’t Attacked in Video

Note: If you like being among the first to know about latest news, trending hoaxes, fake news etc, consider giving us a like on facebook or follow us on twitter (@myayupp)
Ayupp News