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      Question

      Which of the following option is Incorrect about the β€œ National Savings (Monthly Income Account) Scheme, 2019 ”?

      A National Savings (Monthly Income Account) Scheme, 2019 has been amended through National Savings (Monthly Income Account) (Amendment) Scheme, 2023. Correct Answer Incorrect Answer
      B The maximum investment limit has been raised from β‚Ή four lakh fifty thousand to β‚Ή nine lakh for a single account. Correct Answer Incorrect Answer
      C The maximum investment limit has been raised from β‚Ή nine lakh to β‚Ή 15 lakh for a joint account. Correct Answer Incorrect Answer
      D These all changes will come into effect from 1st March 2023. Correct Answer Incorrect Answer

      Solution

      Explanation: These all changes will come into effect from 1st April 2023 .

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