SB Order No. 06/2023: Revision of maximum investment limit for investment in Senior Citizen Savings Scheme (SCSS) 2019 from ₹ fifteen lakh (15 Lakh) to ₹ thirty lakh (30 Lakh).
Download SB Order No 06/2023 - Post Office SCSS Scheme Investment Maximum Limit Revised in PDF
F. No 113-03/2017-SB(Pt.1)
Department of Posts
(Financial Services Division)
Dated: 31.03.2023
Subject: Revision of maximum limit for investment in Senior Citizen Savings Scheme, 2019.
The undersigned is directed to convey the decision of Ministry of Finance (DEA)
2. Accordingly, In the Senior Citizens’ Savings Scheme (hereinafter referred to as the said Scheme), in paragraph 3, in subparagraph (7), for the words “fifteen lakhs”, the words “thirty lakh” shall be substituted.
3. It is requested to circulate it to all concerned for information, guidance and necessary action. Same may also be placed on the notice board of all Post Offices in public area.
4. This is issued with the approval of the Competent Authority.
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART II—SEC. 3(i)]
NOTIFICATION
New Delhi, the 31st March, 2023
G.S.R.240(E).—In exercise of the powers conferred by section 3A of the Government Savings Promotion
Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme further to amend the Senior
Citizens’ Savings Scheme, 2019, namely:.
1. (1) This Scheme may be called the Senior Citizens’ Savings (Amendment) Scheme, 2023.
(2) It shall come into force on the date of its publication in the Official Gazette.
2. In the Senior Citizens’ Savings Scheme (hereinafter referred to as the said Scheme), in paragraph 3, in subparagraph (7), for the words “fifteen lakhs”, the words “thirty lakh” shall be substituted.
3. In the said Scheme, in paragraph 4, in sub-paragraph (1), for the words “fifteen lakh” at both the places where they occur, the words “thirty lakh” shall be substituted.
[F. No. 1/3/2023-NS]
ASHISH VACHHANI, Addl. Secy.
Note: The principal Scheme was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G. S. R. 916(E), dated the 12th December, 2019 and subsequently amended vide number G.S.R.287 (E), dated the 5th May, 2020, G.S.R. 842(E), dated the 22nd November, 2022 and G.S.R. 56(E) dated the 27th January, 2023.
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