Union Budget 2023: The limit of investment in Senior Citizen Savings Account has been doubled as compared to earlier.
Union Budget 2023: Big relief to senior citizens has been announced in the budget speech. Finance Minister Nirmala Sitharaman has doubled the limit of investment in Senior Citizen Savings Account as compared to earlier. The maximum deposit limit for Senior Citizen Savings Scheme has been increased from Rs 15 lakh to Rs 30 lakh. Similarly, the maximum deposit limit for Monthly Income Scheme has been increased from Rs 4.5 lakh to Rs 9 lakh.
New savings scheme will come for women
Not only this, the Finance Minister has also announced to bring a special scheme for women. The name of this scheme is Mahila Samman Bachat Patra Yojana. In this, women will get 7.5% interest on savings of 2 lakhs.
