F. No. 1/4/2023-NS(Pt.) Government of India Ministry of Finance Department of Economic Affairs (Budget Division) North Block, New Delhi Date: 28th November, 2023 OFFICE MEMORANDUM
Subject: Clarification on applicability of amended of SCSS, PPF and NSTD rules - reg.
Please refer to DOP ID No. 113-03/2017-SB(Pt.1) dated 24.11.2023 on the subject cited above. This Department has issued a notification dated 07.11.2023 with respect to amendments in SCSS, PPF and NSTD schemes. In this regard, it is clarified" that the amendments in SCSS and PPF will be applicable to both existing account holders and to new account holders, whereas, the amendments in National Savings Time Deposit Scheme will be applicable only to new account holders.
2 This has the approval of the competent authority.
