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MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 31st March, 2023 G.S.R.240(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 further to amend the Senior Citizens Savings Scheme, 2019, namely:- 1. (1) This Scheme may be called the Senior Citizens Savings (Amendment) Scheme, 2023. (2) It shall come into force on the date of its publ
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FAQ :
It is an amendment to the existing Senior Citizens’ Savings Scheme, 2019, which increases the maximum deposit limit.
The scheme comes into effect on the date of its publication in the Official Gazette.
The maximum deposit limit has been increased from fifteen lakhs (₹15 lakh) to thirty lakhs (₹30 lakh).
Paragraph 3, sub-paragraph (7) and paragraph 4, sub-paragraph (1) of the Senior Citizens’ Savings Scheme, 2019 have been amended regarding the deposit limit.
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