PTI
The government has relaxed the norms for various small savings schemes, including the Public Provident Fund (PPF) and Senior Citizen’s Savings Scheme.
For the Senior Citizen’s Savings Scheme, the new norms provide three months to open an account against one month’s time at present.
As per the gazette notification dated November 9, an individual can open an account under the Senior Citizen’s Savings Scheme within three months from the date of receipt of the retirement benefits and proof of the date of disbursal of such retirement benefits.
