December 12, 2014
The Chairman & Managing Director
Special Deposit Scheme 1975
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.