Notifications

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Interest Rates on Deposits – Capital Gains Accounts Scheme, 1988

Reserve Bank Of India
Central Office
Department Of Banking Operations And Development
Centre - 1, World Trade Centre
Cuffe Parade, Colaba, Mumbai - 400 005

April 19, 2001
Chaitra 29 ,1923(S)

DBOD No. Dir BC 108/13.03.00/2000-01

NOTIFICATION

Interest Rates on Deposits –
Capital Gains Accounts Scheme, 1988

In exercise of the powers conferred by Section 35A of the Banking Regulation Act, 1949 and paragraph 8 of the Capital Gains Accounts Scheme, 1988 and in modification of its Notification DBOD. No. Dir.BC 159/13.03.00/2000 dated April 01, 2000, Reserve Bank of India, hereby specifies that the interest paid by the banks on deposits in Account "A" and "B" under the Capital Gains Accounts Scheme, 1988 shall be as hereunder:

Category of Account

Per cent per annum

i) Account "A"

4.0

ii) Account "B"

 

a) Below Rs. 15 lakh,

Free

15 days and above

 

b) Rs.15 lakh and above,

Free

7 days and above

 

 

(K.L. Khetarpaul)
Executive Director


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