NEW DELHI: The Government and the RBI today gave time till April 30 for “commensurate deposits” by people who have declared their unaccounted income under the Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS) that allowed parking money in non-interest bearing deposits for four years.
The extension of time till April 30 has also been given to banks for uploading details into the RBI’s E-Kuber system.
The PMGKY, which opened on December 17, 2016, provided last chance to holders of undisclosed income to come clean by paying tax and penalty. The scheme closed on March 31. (AGENCIES)
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