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      Question

      Which of the following statements about the Senior Citizen Savings Scheme is correct? 1. The interest rate is 8.2% per annum. 2. The duration of the scheme is 5 years. 3. The maximum deposit limit is โ‚น15 lakhs.

      A 1 and 2 only Correct Answer Incorrect Answer
      B 1 and 3 only Correct Answer Incorrect Answer
      C 2 and 3 only Correct Answer Incorrect Answer
      D 1, 2, and 3 Correct Answer Incorrect Answer

      Solution

      The maximum deposit limit is โ‚น30 lakhs, not โ‚น15 lakhs.

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