Why you should invest in small savings schemes3 min read 02 Feb 2023, 12:35 AM IST
The maximum deposit limit for SCSS has been raised from ₹15 lakh to ₹30 lakh. And that for MIS has been increased from ₹4.5 lakh to ₹9 lakh for a single account and from ₹9 lakh to ₹15 lakh for a joint account.
The budget gave a big push to small savings schemes: The finance minister proposed to double the deposit limits for Senior Citizen Savings Scheme (SCSS) and Monthly Income Account Scheme (MIS) and also introduced a new small savings scheme—Mahila Samman Savings Certificate.
Select your Category