Public TV EnglishPublic TV English
  • Latest
  • States
    • Karnataka
      • Bengaluru
    • Andhra Pradesh
    • Kerala
    • Tamilnadu
    • Telangana
  • National
  • Politics
  • Entertainment
    • Bollywood
  • Lifestyle
  • Food
    • Veg
    • Non Veg
  • Technology
  • Fashion
  • World
Reading: Deposit limit for Senior Citizen Savings Scheme doubled in Budget 2023
Share
Font ResizerAa
Public TV EnglishPublic TV English
Font ResizerAa
  • Latest
  • States
  • National
  • Politics
  • Entertainment
  • Lifestyle
  • Food
  • Technology
  • Fashion
  • World
Search
  • Latest
  • States
    • Karnataka
    • Andhra Pradesh
    • Kerala
    • Tamilnadu
    • Telangana
  • National
  • Politics
  • Entertainment
    • Bollywood
  • Lifestyle
  • Food
    • Veg
    • Non Veg
  • Technology
  • Fashion
  • World
Follow US
BusinessLatest

Deposit limit for Senior Citizen Savings Scheme doubled in Budget 2023

Public TV English
Public TV English February 1, 2023
Share
1 Min Read
SHARE

NEW DELHI: The government has doubled the maximum deposit limit for Senior Citizen Savings Scheme from Rs 15 lakh to Rs 30 lakh, Union Finance Minister Nirmala Sitharaman said in her Budget speech.

Also, the maximum deposit limit for Monthly Income Account Scheme will be enhanced from Rs 4.5 lakh to Rs 9 lakh for single account and from Rs 9 lakh to Rs 15 lakh for joint account.

An individual who has attained the age of 60 years or above on the date of opening of an account or an individual who has attained the age of 55 years or more, but less than 60 years, and has retired under superannuation, Voluntary Retirement Scheme (VRS), or Special VRS, can open an account.

The Finance Minister announced that to commemorate Azadi Ka Amrit Mahotsav, a one-time new small savings scheme, Mahila Samman Savings Certificate, will be made available for a two-year period up to March 25, 2025. This will offer deposit facility up to Rs 2 lakh in the name of women or girls for a tenure of two years at fixed interest rate of 7.5 per cent with partial withdrawal option. (ANI)

You Might Also Like

Virat adds another record to his tally, is player with most fours in IPL

Reunion of OG trio, Virushka moment, Virat’s overwhelming emotions: RCB’s maiden IPL title win, in pictures

Ticker tape parade and celebrations planned as RCB players head to Bengaluru with IPL trophy

IPL 2025: GT’s Sai Sudharsan, Prasidh Krishna clinch Orange and Purple Caps

IPL 2025: Suryakumar Yadav crowned MVP; Sai Sudharsan adjudged Emerging Player of the Season

TAGGED: Azadi Ka Amrit Mahotsav, deposit, doubled, enhanced, government, joint account, limit, monthly income, publictv english, savings scheme, senior citizen, superannuation, VRS, withdrawal
Share This Article
Facebook Twitter Whatsapp Whatsapp Telegram
Share

Follow US

Find US on Social Medias
FacebookLike
TwitterFollow
YoutubeSubscribe
TelegramFollow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
Popular News

India’s ‘Silicon Valley’ is in Garudacharpalya, says CM Bommai

Public TV English Public TV English January 26, 2023
CM Siddaramaiah will step down by November 15 or 16: LoP R Ashoka
Home Minister promises action after FSL report of alleged ‘Pro-Pak’ sloganeering at Vidhana Soudha
President Murmu: India looks forward to strengthening developmental partnership with Sri Lanka
‘Hope you’re seeing this’: Zayn Malik dedicates song to Liam Payne while performing in late singer’s hometown
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics

You Might Also Like

EntertainmentLatestMain PostTV Shows

Rana Naidu season 2 trailer promises action, drama and Rana Daggubati’s faceoff with Arjun Rampal

June 4, 2025
WorldLatestMain Post

Bangladesh interim government revokes Sheikh Mujib’s recognition of freedom fighters

June 4, 2025
BusinessLatestMain Post

SBI expects 50 bps cut as RBI’s Monetary Policy Committee meeting gets under way

June 4, 2025
BusinessLatestMain Post

Adani Ports sets new record in cargo handling

June 4, 2025

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

About Us

We influence 20 million users and is the number one business and technology news network on the planet.

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

Public TV EnglishPublic TV English
Follow US
Welcome Back!

Sign in to your account

Lost your password?