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SCSS News

24 Jan 2024

Senior Citizen 5-Year FDs Of SBI, HDFC, ICICI, PNB vs SCSS Compared

Currently, SCSS offers a guaranteed interest rate of 8.2 percent, effective from January 1, 2024.

Post Office Senior Citizens Savings Scheme

11 Nov 2023

Get Rs 14 Lakh Return In 5 Years From THIS Post Office Scheme

The Senior Citizens Savings Scheme (SCSS), specifically designed for people over 60 years of age, is one such gem in the Post Office's offering.

07 Apr 2023

PPF & Other Small Savings Plans Investors Must Submit Aadhaar Before This Date

From April 1, govt makes Aadhar mandatory for making investments in small savings schemes. The deadline to submit Aadhar is September 30, 2023. Investors can submit Aadhar in a post office or bank branch.

07 Oct 2022

Invest only Rs 1000 to get Rs 14 lakh on maturity, check details

Currently, Post Office is providing a 7.4 per cent interest on investments made under Senior Citizen Savings Scheme. The scheme could fit the bill for recent retirees as one has to make one time investments in the investment policy.

10 Dec 2021

Post Office SCSS Policy: Start investing with only Rs 1000; can get Rs 14 lakh

Investors aged 60 or above can only open accounts in SCSS. However, you can also invest in the policy if you have opted for Voluntary Retirement Scheme (VRS). Post Office is providing a 7.4 per cent interest on investments made under Senior Citizen Savings Scheme.

senior citizens savings scheme

28 Nov 2021

Post Office Scheme: Open account with just Rs 1000; Get Rs 14 lakh in 5 years

Investors are receiving 7.4 per cent interest on their investments in the scheme. Senior Citizens Savings Scheme (SCSS) offered by Post Office is more beneficial for retired investors. Investors above the age of 60 can only open accounts in SCSS.

12 Sep 2021

Senior citizens can now withdraw PPF funds without Post Office visit

Senior citizens can now send an authorized person to collect the funds on their behalf. India Post launched the facility to support old-age pensioners. Senior citizens need to follow the simple steps to authorize an individual to collect PPF or SCSS funds.

Small savings schemes

12 Feb 2018

Interest rates vary on Small savings schemes, SCSS – Know here

The revision in interest rates does not affect old investments except for PPF and SSY.

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