| Date: |
19-03-2003
|
| Notification No: |
RBI Notification No 81/2003
|
| Issuing Authority: |
RBI
|
| Type: |
Notification
|
| File No: |
|
| Subject: |
Interest Rates on Deposits – Capital Gains Accounts Scheme, 1988
|
|
Interest Rates on Deposits � Capital Gains Accounts Scheme, 1988
DBOD.
Dir. BC. 81 - 13. 03.00 dated 19th March 2003
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. 108/13.03.00/2000-01 dated
April 19, 2001, 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, effective March 01,
2003.
|
Category
of Account
|
Per
cent per annum
|
|
i)
Account "A"
|
3.5
|
|
ii)
Account "B"
|
|
|
|
(a)
Below Rs. 15 lakh, 15 days and above
|
Free
|
|
|
(b)
Rs. 15 lakh and above 7 days and above
|
Free
|
|
|
|