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of <h1>Banks to Pay 8.7% Interest on 2014 Special Deposit Scheme by Jan 1, 2015; Follow 2003 Guidelines.</h1> The circular addresses the payment of interest for the Special Deposit Scheme 1975 for the calendar year 2014. It instructs the relevant banks to disburse interest at a rate of 8.7% per annum to SDS account holders from January 1, 2014, to December 31, 2014. The payment should be made through electronic means or account payee cheques by January 1, 2015, following specific instructions from a previous circular dated December 30, 2003. The circular requests banks to issue appropriate instructions to their Deposit Offices and confirm receipt of the directive.
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