(Last Updated On: December 17, 2016)

Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016

Date : Dec 16, 2016

Government of India, in consultation with the Reserve Bank of India, has notified Pradhan Mantri Garib Kalyan Deposit Scheme, 2016. The deposit under this Scheme shall be made by any person who declared undisclosed income under Pradhan Mantri Garib Kalyan Yojana, 2016. The deposit sum, which shall not be less than twenty-five per cent of the declared undisclosed income, can be deposited at the authorized banks (as notified by Government of India) from December 17, 2016 (Saturday) to March 31, 2017 (Friday). The deposits shall be held at the credit of the declarant in Bonds Ledger Account (BLA) maintained with Reserve Bank of India and would be repaid on expiry of four years. The details about the scheme can be accessed at https://rbi.org.in.

Ajit Prasad
Assistant Adviser

Press Release: 2016-2017/1555

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
PMGKY Rules 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