Question
The government has relaxed the norms for various small savings schemes, including the Public Provident Fund (PP
- F and Senior Citizens Savings Scheme.Which of the following statements is/are true with respect to the information provided above? I.The amended Senior Citizen’s Savings (Fourth Amendment) Scheme, 2023, now allows depositors to extend their accounts multiple times upon maturity to benefit from its attractive interest rates for a longer period. II. Earlier, depositors under the Senior Citizen Savings Scheme could renew the deposit under the scheme only twice for just three years; now they can do it multiple times in blocks of three years. III. The finance ministry has also allowed people to open such accounts within 2 months of receiving retirement benefit instead of just one month earlier, in a bid to woo more depositors. Spouses of government employees who die in harness after the age of 55 will now be allowed to open an account under this scheme.
More Beepedia Questions
- Which ministry has launched ‘One Station One Product’ (OSOP) scheme over Indian Railways with objectives to promote ‘Vocal for Local’ vision of the Governm...
- Which organization provided a $200 million loan to India for enhancing solid waste management and sanitation under the Swachh Bharat Mission 2.0?
- Dean Tavoularis, the Oscar-winning production designer known for The Godfather, passed away in April 2026. For which film did he win the Academy Award for ...
- Which country is the first to implement the Men5CV vaccine recommended by WHO?
- What was the former name of Odisha mistakenly used in the Similipal national park notification?
- Who led the jury that selected the winners of the 2024 Gulbenkian Prize for Humanity?
- Which state has made Telugu a compulsory subject in CBSE, ICSE, and IB schools?
- Who has been appointed as the Chairperson of the 8th Central Pay Commission (CPC)?
- The government has launched the Vivad se Vishwas-2 scheme for settling contractual disputes involving the government and government undertakings. Under the...
- How much was released by the Union Government as XV FC Grants for Rural Local Bodies in Himachal Pradesh and Goa for 2024-25?
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt