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Union Budget 2023: Govt doubles deposit limit for Senior Citizen Savings Scheme to Rs 30 lakh

Summary by Ground News
Finance Minister Nirmala Sitharaman announced a new small savings scheme for women. She also proposed to double the deposit limit for Senior Citizen Savings Scheme to �30 lakh and Monthly Income Account Scheme to £9 lakh. The minister also announced to that an integrated IT portal will be established for investors to reclaim unclaimed shares.
Published 4 months ago · New Delhi, India

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Times of IndiaTimes of India

Govt doubles deposit limit for Senior Citizen Savings Scheme to Rs 30 lakh

"The maximum deposit limit for Senior Citizen Savings Scheme will be enhanced from Rs 15 lakh to Rs 30 lakh," the minister said in her 87-minute long speech.

4 months ago·Mumbai, India
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News18 IndiaNews18 India

Budget 2023: Nirmala Sitharaman Proposes to Double Limit for Senior Citizen Savings Scheme

FM Nirmala Sitharaman proposed to double the deposit limit for Senior Citizen Savings Scheme to Rs 30 lakh and Monthly Income Account Scheme to Rs 9 lakh.

4 months ago·India
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The HinduThe Hindu

Govt doubles deposit limit for Senior Citizen Savings Scheme to ₹30 lakh

Mahila Samman Savings Certificate, will be made available for a two-year period up to March 2025.

4 months ago·India
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Hindustan TimesHindustan Times

Budget 2023: New deposit scheme for women launched; Limits for senior citizens raised

In the budget for 2023, the Modi government has announced an investment gift for women and senior citizens. Finance Minister Nirmala Sitharaman announces a new deposit scheme for women. called Mahila Samman Bachat Patra, which will be available until March 2025. The scheme will have a tenure of 2 years and offer a fixed rate of interest of 7.5%. The deposit can be made in the name of a woman or a girl child. The senior citizens savings scheme li…

4 months ago·New Delhi, India
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LatestlyLatestly

Budget 2023: Govt Doubles Deposit Limit for Senior Citizen Savings Scheme to Rs 30 Lakh and Monthly Income Account Scheme to Rs 9 lakh

Announcing a new 'Azadi Ka Amrit Mahotsav Mahila Samman Bachat Patra', Sitharaman said a one-time new small savings scheme, Mahila Samman Savings Certificate, will be made available for a two-year period up to March 2025. Budget 2023: Govt Doubles Deposit Limit for Senior Citizen Savings Scheme to Rs 30 Lakh and Monthly Income Account Scheme to Rs 9 lakh.

4 months ago
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Business StandardBusiness Standard

Govt doubles deposit limit for Senior Citizen Savings Scheme to Rs 30 lakh

Finance Minister Nirmala Sitharaman on Wednesday proposed to double the deposit limit for Senior Citizen Savings Scheme to Rs 30 lakh and Monthly Income Account Scheme to Rs 9 lakh.

4 months ago·India
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