n NISM Certifications
X NISM Series X
Medium

The maximum amount that can be deposited in a Senior Citizens’ Savings Scheme account is Rs 30 lakhs, with a minimum deposit of Rs 1000 in multiples of Rs 1000.

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs 10 lakhs

  2. B

    Rs 15 lakhs

  3. C

    Rs 20 lakhs

  4. Rs 30 lakhs

    Correct answer

Why this is the answer

The prescribed maximum deposit limit for SCSS accounts is Rs 30 lakhs, providing a secure investment avenue for senior citizens.

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