Senior Citizens’ Savings (Amendment) Scheme, 2023 By CA Satbir Singh | February 7, 2023 0 Comment (Last Updated On: February 7, 2023) NOTIFICATION G.S.R. 56(E) [F. NO. 1/04/2016-NS]SENIOR CITIZENS’ SAVINGS (AMENDMENT) SCHEME, 2023 – AMENDMENT IN PARAGRAPH 5NOTIFICATION G.S.R. 56(E) [F. NO. 1/04/2016-NS], DATED 20-1-2023In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme further to amend the Senior Citizens’ Savings Scheme, 2019, namely:-Short title and commencement.1. (1) This Scheme may be called the Senior Citizens’ Savings (Amendment) Scheme, 2023.(2) It shall be deemed to have come into force on the 1st day of January, 2023.2. In the Senior Citizens’ Savings Scheme, 2019, in paragraph 5, —(a)in sub-paragraph (1B), for the words and figures, “on or after the 1st day of October, 2022”, the words, figures and brackets “between 1st October, 2022 and 31st December, 2022 (both days inclusive)” shall be substituted;(b)after sub-paragraph (1B), the following sub-paragraph shall be inserted, namely: —“(1C) The deposit made under this Scheme on or after the 1st day of January, 2023 shall bear interest at the rate of 8.0 per cent. per annum.”.ASHISH VACHHANI,Addl. Secy.