WebNov 8, 2024 · The Senior Citizen Savings Scheme (SCSS) is a deposit scheme offered by the government of India. It was introduced in 1983 to benefit senior citizens who want to save and invest their money. The scheme allows you to deposit your money in an SCSS account either through cheque or demand draft. WebDec 23, 2024 · senior citizen savings scheme scss interest rate calculation rules Senior Citizen Savings Scheme (SCSS) Interest Rate 2024: Check what you can get with Rs 15 lakh

Senior Citizen Savings Scheme: Invest Upto Rs 30 Lakh, Know …

WebApr 9, 2024 · Senior Citizen Saving Scheme (SCSS) Interest rate: 7.4 per cent Payable: Quarterly Tenure: 5 years SCSS is for a period of 5 years and more than one account may be opened, but the total... WebSenior Citizen Savings Scheme is an excellent investment for senior citizens as it's safe (guaranteed by Government of India), pays guaranteed quarterly interest income and provides tax exemption under 80C . This calculator computes the interest gained and final maturity amount on your investment. girl wash your face author

All You Need To Know About Senior Citizen Savings Scheme

WebJan 2, 2024 · A senior citizen savings scheme is a government scheme that helps the senior to save money for retirement and receive the quarterly interest payment. The interest rate of the scheme is regulated by the Ministry of Finance. The current interest rate applicable for the first quarter (April-June) of FY 2024-23 is 7.4% p.a. WebSenior Citizen Savings Scheme SCSS is among the most preferred investment schemes for senior citizens. The current interest rate offered on SCSS scheme is 8.20% p.a.. Also, the investment tenure for the scheme in 5 years. Following are the features of SCSS calculator: WebApr 14, 2024 · The government of India offers the Senior Citizens' Savings Scheme (SCSS) that assists senior citizens in saving for retirement and receiving quarterly interest … fun ho museum inglewood