Question
Which of the following statement is/are INCORRECT about the announcement made by Central Government in November 2023 regarding modification to Senior Citizen's Savings Scheme? 1. 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 shorter period. 2. The ministry has also amended the rules to not to allow premature closure of PPF account and changed the rules governing premature withdrawal under the National Savings Time Deposit scheme.
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