Question
What is the revised maximum deposit limit for the Senior
Citizens Savings Scheme (SCSS) in India, following the recent increase by the government?Solution
The maximum deposit for senior citizen saving scheme has been increased from Rs 15 lakhs to Rs 30 lakhs. The Senior Citizens Savings Scheme (SCSS) is primarily for the senior citizens of India. The scheme offers a regular stream of income with the highest safety and tax saving benefits.
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