As per the following Notification now Co operative Banks can not accept Deposits under Pradhan Mantri Garib Kalyan Deposit Scheme 2016
MINISTRY OF FINANCE
(Department of Economic Affiairs)
NOTIFICATION
New Delhi, the 19th January, 2017
Amendment to Pradhan Mantri Garib Kalyan Deposit Scheme,Notification No S.O. 4061 (E)
S.O. 204(E).— In exercise of the powers conferred by clause (c) of section 199B of the Finance Act, 2016 (28 of 2016) (hereinafter referred to as the Act), the Central Government hereby amends the conditions specified in clause 7 of the Pradhan Mantri Garib Kalyan Deposit Scheme notified vide Notification No. S.O.4061 (E). dated December 16, 2016.
2. In place of clause 7 (1) of the said notification the following shall be substituted:
“7. Authorised banks.—(1) Application for the deposit in the form of Bonds Ledger Account shall be received by any banking company, other than Cooperative Banks, to which the Banking Regulation Act, 1949 (10 of 1949) applies”.
By Order of the President of India,
[ F. No.3(1)-W&M/2016]
PRASHANT GOYAL, Jt. Secy
Related Post on Pradhan Mantri Garib Kalyan Deposit Scheme
| Particulars | Notification No | Date |
| New Taxation Bill to Tax undisclosed Income received assent of President , | Taxation Laws (Second Amendment) Act, 2016..
| 15.12.2016 |
| Pradhan Mantri Garib Kalyan Deposit Scheme 2016 | S.O. 4061(E). | 16.12.2016 |
| Jurisdiction for declation filed under PMGKY | S.O.4060(E). | 16.12.2016 |
|
| S.O.4059(E) | 16.12.2016 |
| PMGKY Start Date 17.12.2016 and End Date 31.03.2017
| S.O. 4058(E) | 16.12.2016 |
| RBI FAQ’s on PMGKDS- Pradhan Mantri Garib Kalyan Deposit Scheme 2016 | 16.12.2016 | |
| PMGKDS 2016 – Operational Guidelines by RBI | 16.12.2016 | |
| Explanatory Notes on PMGKY 2016 issued by CBDT | Circular No.43 of 2016
| 27.12.2016 |
| 12 FAQ’s on PMGKY 2016 released by CBDT | Circular No.2 of 2017 | 18th of January, 2017 |
| PMGKDS 2016- Co-operative Banks not authorised to accept deposits – Notification | Press Release by Ministry of Finance | 20-January, 2017 |