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    5. Which of the following statements about the Senior Citizen Savings Scheme is correct? 1. The interes

    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 ₹15 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 ₹30 lakhs, not ₹15 lakhs.

    Practice Next
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    Relevant for Exams:

    • Management Aptitude Test (MAT)

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