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MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 31st March, 2023 G.S.R.239(E) -In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme to further ame
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FAQ :
It is an amendment to the National Savings (Monthly Income Account) Scheme, 2019, made by the Central Government.
The amendment comes into force on the date of its publication in the Official Gazette.
The deposit limit has been increased from 'rupees four lakh fifty thousand' to 'nine lakhs', and subsequently from 'nine lakhs' to 'fifteen lakh'.
The previous limit mentioned was 'rupees four lakh fifty thousand'.
The new maximum deposit limit is fifteen lakh rupees.
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Notification No : G.S.R.239(E)Published in Income Tax