Question
What is the maximum investment limit in the Senior
Citizen Savings Scheme, 2019 after the amendment of the Senior Citizens Savings (Amendment) Scheme, 2023?Solution
Explanation: Senior Citizen Savings Scheme, 2019 has been amended through Senior Citizens Savings (Amendment) Scheme, 2023 and the maximum investment limit has been raised from ₹ 15 lakh to ₹ 30 lakh with effect from 1 April 2023.
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