The Ministry of Finance (Department of Economic Affairs), the interest rate for deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation, and Gratuity Funds has been revised.
The revised interest rate of 7.1% per annum will come into effect from 1st April 2025, and will remain valid until 30th June 2025.
The change, as per the Ministry’s notification No. F. 16(1)-PD/75 dated 30th June 1975, marks an important update for various non-government provident, superannuation, and gratuity funds that participate in the scheme.
Under the Special Deposit Scheme, these funds are offered an avenue to park their excess funds with the government, ensuring a safe and secure return on investments. The scheme, which has been a long-standing feature for non-government funds, has seen periodic adjustments to its interest rate, depending on the prevailing economic conditions.
The interest rate of 7.1% for the period from April to June 2025 reflects the government’s continued commitment to providing competitive returns for institutional investors, even amid fluctuating market conditions. This update will be welcomed by entities managing employee welfare funds, as it ensures better returns for their stakeholders.
Notification Details
Date: 01/04/2025
