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Senior citizens savings scheme News

senior citizens savings scheme

30 Sep 2022

Senior Citizens Savings Scheme: Centre makes 'BIG' clarification for investors

The SCSS account can be opened with a minimum deposit of Rs 1,000. Senior Citizens’ Savings Scheme (SCSS) comes with a maximum deposit amount of Rs 15 lakhs The investors of the SCSS can also claim a tax benefit Under Section 80C of the Income Tax Act, 1961.

small savings scheme

02 Jul 2022

PPF, Sukanya Samriddhi Yojana, others: Check out the returns offered by them

Interest rates on small savings programmes have been steady for nine straight months. Small savings schemes will continue to receive the same interest rates from July to September this year. Post office savings deposits will continue to pay 4% interest per year.

Post Office schemes

28 Jun 2022

THESE Post Office schemes offer more returns than bank deposits

Despite rising repo rate, bank fixed deposit interest rates remained lower than post office plans in 2022. FD interest rates offered by top banks such as SBI, ICICI, HDFC, Axis Bank, PNB, BoB, and others are significantly lower than interest rates on post office schemes.

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.

senior citizens savings scheme

27 Aug 2021

Senior Citizens Savings Scheme vs fixed deposits: Interest rate, tax benefits

Investors can avail a 7.4% interest rate on an annual basis with their investments in the Senior Citizens Savings Scheme. The rate is effective for the period from July 1, 2021, to September 30, 2021. Senior citizens can avail a maximum annual interest rate of 6.75% on their fixed deposit investments.

Government schemes

05 Apr 2021

Looking for good returns? Invest in THESE 3 government schemes

The investments can be done with as little as Rs 250 and with multiples of Rs 150 and an annual cap of Rs 1,50,000 in a financial year. The Senior Citizens Savings Scheme (SCSS) provides security to retired employees who want an assured return. The PPF account can be opened with a minimum amount of Rs 500 and the maximum can go up to Rs 1.5 lakh with a maturity period of 15 years.

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.

Small savings schemes

27 Dec 2017

Small savings schemes: Govt cuts interest rates on PPF, NSC to 7.6%

The girl child savings scheme Sukanya Samriddhi Account will offer 8.1 percent from existing 8.3 percent annually.

Sukanya Samriddhi Account

31 Mar 2015

Sukanya Samriddhi to earn at 9.2% interest, PPF 8.7% for FY'16

Investments in Sukanya Samriddhi Account, the special deposit scheme for girl child, will earn higher interest rate of 9.2 percent, while the rate on popular tax saving Public Provident Fund has been retained at 8.7 percent for 2015-16.

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