Which of the following statements is are correct regarding the changes made to small savings schemes...........

Static GK (CGL) Policy and Programmes

Which of the following statements is/are correct regarding the changes made to small savings schemes by the Government of India in December 2022?

A. The interest rate of five year National Saving Certificate has been increased to 7 per cent from 6.8 per cent.

B. The interest rate on senior citizen saving schemes increased to 8 per cent from 7.6 per cent.

C. The interest rate on Public Provident Fund, Sukanya Samriddhi Account and Saving Deposit have been changed 9% from 7.5%

This questions was previously asked in

SSC CGL Tier II Paper 1 (03.03.2023)

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B and C only

A, B and C

A and C only

A and B only

Explanation:

- Statement A: The interest rate for the five-year National Savings Certificate indeed increased to 7% from 6.8% in December 2022. This statement is correct.

- Statement B: The Senior Citizen Savings Scheme's interest rate increased to 8% from 7.6%. This statement is correct.

- Statement C: The interest rates on Public Provident Fund (PPF), Sukanya Samriddhi Account, and Savings Deposit were not changed to 9% from 7.5%. This statement is incorrect as these rates were not changed to 9%.

With these explanations, only A and B are correct.

Answer: Option 4 - A and B only

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