Central Government amends Pradhan Mantri Garib Kalyan Deposit Scheme

Central Government amends (संशोधन) Pradhan Mantri Garib Kalyan Deposit Scheme 

In exercise(उपयोग) of the powers conferred(प्रदत्त) by clause (c) of Section 199B of the Finance Act,

2016 (28 of 2016), the Central Government has amended through a Notification the conditions specified in clause 5 of the Pradhan Mantri Garib Kalyan Deposit Scheme.

Following is the amended Clause 5: 

Now the effective date of opening of the Bonds Ledger Account (बही खाता) shall be the date of receipt of deposits by the Reserve Bank of India (RBI) from the authorized banks; wherein the due tax, surcharge and penalty (दंड) has been received till 31st March, 2017; Provided further that the date of deposit shall in no case be extended beyond 30th April, 2017.