Finance Minister Nirmala Sitharaman 
National

Govt doubles deposit limit for Senior Citizen Savings Scheme to ₹30L

In her Budget Speech, the minister also announced a new small savings scheme for women.

PTI

NEW DELHI: Finance Minister Nirmala Sitharaman on Wednesday proposed to double the deposit limit for Senior Citizen Savings Scheme to Rs 30 lakh and Monthly Income Account Scheme to Rs 9 lakh.

In her Budget Speech, the minister also announced a new small savings scheme for women.

"The maximum deposit limit for Senior Citizen Savings Scheme will be enhanced from Rs 15 lakh to Rs 30 lakh," the minister said in her 87-minute long speech.

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