Senior citizens go big on small savings scheme

The government's small savings scheme for senior citizens more than tripled in April, as those eligible scrambled to take advantage of the budget move that doubled the deposit limit. This fresh mop-up under the scheme breached ₹10,000 crore in April, the first month when the enhanced limit kicked in, compared with the usual deposit of about ₹3,000 crore for this month.

from Banking/Finance-Industry-Economic Times https://ift.tt/1B9e5g8