Special Deposit Scheme 1975 – Payment of interest for the calendar year 2014 - Income Tax - IDMD (DGBA).CDD. No. 2600 /15.01.001 / 2014-15

RBI/2014-15/350 IDMD (DGBA).CDD. No. 2600 /15.01.001 / 2014-15 December 12, 2014 The Chairman Managing Director Head Office Government Accounts Department State Bank of India / State Bank of Patiala State Bank of Bikaner Jaipur /State Bank of Travancore State Bank of Hyderabad / State Bank of Mysore Allahabad Bank / Bank of Baroda / Bank of India / Bank of Maharashtra/ Canara Bank / Central Bank of India / Corporation Bank / Dena Bank / Indian Bank/ Indian Overseas Bank / Oriental Bank of Commerce / Punjab National Bank / Syndicate Bank / UCO Bank / Union Bank of India / United Bank of India Dear Sir/Madam, Special Deposit Scheme 1975 Payment of interest for the calendar year 2014 Please refer to our letter DGBA.CDD. No. 3622 /15.01.001 / 2013-14 December 18, 2013 on the captioned subject. 2. In this connection, we advise that interest for the calendar year 2014 may be promptly disbursed to the SDS account holders @ 8.7% per annum from January 01, 2014 to December 31, 2014 through electronic mode such as ECS/NECS/ NEFT/RTGS or by way of account payee cheques on January 01, 2015 itself, subject to instructions, as applicable, contained in paragraphs 3 and 4 of our circular CO.DT.No.15.01.001/H-3527/2003-04 dated December 30, 2003. 3. Please issue suitable instructions to all your Deposit Offices and acknowledge the receipt. Yours faithfully, (Surendra Prasad) Assistant General Manager