Senior Citizens Savings Scheme

Last Updated: February 17, 2023, 17:04 ISTCheck details about Senior Citizens Savings Scheme. (Representative image)The rate of interest on senior citizen saving scheme for the quarter ended March 31, 2023, is 8 per centThe maximum…

NEW DELHI: The government expects as much as 10% of the seven lakh senior citizens, who are using the full benefit of the Senior Citizens Savings Scheme(SCSS), to take advantage of the decision to double the investment limit to Rs 30 lakh…

NEW DELHI: Amid rising inflation and higher fixed deposit rates, the finance ministry on Thursday announced an increase of up to 30 basis points in interest rates on certain small savings products for the next quarter, marking the first…

The interest rate for Kisan Vikas Patra has been hiked from 6.9% to 7% for the coming quarter The interest rate for Kisan Vikas Patra has been hiked from 6.9% to 7% for the coming quarter The government has effected minor hikes of 0.1% to…

If you are a senior citizen (above 60 years) and wants a regular stream of income and tax saving benefits, the Senior Citizens Savings Scheme (SCSS) is the scheme you should consider. It is a government-backed retirement benefits programme,…

<!-- -->PPF and Senior Citizen Savings Scheme are good long term investment optionsInvestors looking for long-term and safe investments to ensure a secure future for themselves and their families can always rely upon some time-tested…

New Delhi: Even though the country's inflation rates remained high, the government recently declared in an order that the interest rates of several small savings programmes, including the Sukanya Samriddhi Yojana, Senior Citizens Savings…

New Delhi: Deposit interest rates have been going higher since the RBI's Monetary Policy Committee (MPC) hiked the repo rate to 4.90 percent in June, but they remain below the inflation range. Since the increase in the repo rate, interest…

In India, senior citizens often depend on bank fixed deposits (FD) or recurring deposits (RD) for a regular income after their retirement. Most citizens above 60 in the country do not have a risk appetite and avoid stock markets or mutual…

Post Office Savings Scheme: Senior citizens in India are not yet too compatible with digital technology, as they are not tech savvy. Because of this, post office savings schemes are still especially popular among them, apart from other…