Maximum Limit: 2 Lakh per Account Holder
Time Gap for Opening multiple accounts with maximum limit of 2 lakh is 3 Months.
SB Order No.05/2023 dated 31.03.2023 2(b) Deposits
ii)
There shall be a maximum limit for deposit of Rs. Two lakh in an
account or in all accounts under this scheme held by an account holder.
(iii)
An individual may open any number of accounts in the scheme subject to
the maximum limit for deposit Rs. 2 Lakh and a time gap of three months
between the existing account and the opening of another account. For
example, an account holder who opened an account on 05.04.2023 with an
amount Rs. 50,000, can open another account on or after 05.07.2023 with
balance amount Rs. 1.50 lakh or part thereof.
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