Amendment in Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016; Government decides to allow declarants to make deposits on one or more occasions in the PMGKDS, 2016
The Government of India, in consultation with the Reserve Bank of India (RBI), had notified Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 vide Notification No. S.O.4061(E) dated December 16, 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).
In this connection, the Government of India has decided to allow declarants to make deposits on one or more occasions in the PMGKDS, 2016. Accordingly, para 4(4) of the notification stands amended as under:
“4. Subscription and Mode of investment in the Bonds Ledger Account- (4), the deposit to be made under sub-section (1) of Section 199F under this Scheme can be made, on one or more occasions. The deposits shall be made before filing declaration under sub-section (1) of section 199C.”
Press Release Ministry of Finance 07-February, 2017
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| 15.12.2016 |
| Pradhan Mantri Garib Kalyan Deposit Scheme 2016 | S.O. 4061(E). | 16.12.2016 |
| Amendment to Pradhan Mantri Garib Kalyan Deposit Scheme -Notification ( Co operative banks can not accept Deposits under PMGKDS) | S.O. 204(E) | 19.01.2017 |
| 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 |