Fri, Jul 12, 2024
The Senior Citizen Savings Scheme (SCSS): Accounts can be opened individually or jointly with a spouse, starting from Rs. 1,000 in multiples thereof, up to a maximum of Rs. 30 lakh per individual. Excess deposits are promptly refunded, with only Post Office Savings Account interest applicable for the excess period.
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Mon, Aug 21, 2023
Retirement Plans: The older generation of the country still considers traditional investments to be correct. This is the reason why even today the attractiveness of fixed deposit and post office schemes has not diminished. Post office schemes are a good option, especially for the elderly, but before planning for the future, it is important to understand the returns of both these schemes, so that the goals set for the coming days can be met.
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