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    Question

    Which of the following option is Incorrect about the “ National Savings (Monthly Income Account) Scheme, 2019 ”?

    A National Savings (Monthly Income Account) Scheme, 2019 has been amended through National Savings (Monthly Income Account) (Amendment) Scheme, 2023. Correct Answer Incorrect Answer
    B The maximum investment limit has been raised from ₹ four lakh fifty thousand to ₹ nine lakh for a single account. Correct Answer Incorrect Answer
    C The maximum investment limit has been raised from ₹ nine lakh to ₹ 15 lakh for a joint account. Correct Answer Incorrect Answer
    D These all changes will come into effect from 1st March 2023. Correct Answer Incorrect Answer

    Solution

    Explanation: These all changes will come into effect from 1st April 2023 .

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