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.
    A 2nd Correct Answer Incorrect Answer
    B 3rd Correct Answer Incorrect Answer
    C 4th Correct Answer Incorrect Answer
    D 6th Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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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