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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 ₹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.

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