Question
The government has relaxed the norms for various small
savings schemes, including the Public Provident Fund (PPF) and Senior Citizen's Savings Scheme.It is ________ amendment in this scheme.Solution
The government has relaxed the norms for various small savings schemes, including the Public Provident Fund (PPF) and Senior Citizen's Savings Scheme. 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.
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Answer the questions based on the information given below.
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