Fri, Aug 09, 2024
Senior Citizens Savings Scheme Account (SCSS): The minimum one-time investment in the scheme is Rs 1,000, and the maximum is Rs 30 lakh. SCSS provides an annual interest rate of 8.2 per cent.
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Fri, Jul 26, 2024
Retirement Planning: One can open a single or a joint account in SCSS. An individual above 60 years of age, a retired civilian employee above 55 years of age and below 60 years of age, or a retired defence employee above 50 years of age and below 60 years of age can open the SCSS account. The scheme provides 8.2 per cent annual interest. The interest is payable from the date of deposit to March 31/September 30/December 31 in the first instance and thereafter, on April 1, July 1, October 1, and January 1.
Tue, Jul 02, 2024
Senior Citizen Savings Scheme (SCSS), Atal Pension Yojana (APY), mutual fund systematic withdrawal plans (SWP), and mutual fund's Income Distribution cum Capital Withdrawal (IDCW) plans are some of the schemes that provide monthly income.
Fri, Jun 28, 2024
Senior Citizens Savings Scheme Account (SCSS): For senior citizens looking for a guaranteed return income option post retirement, this scheme provides quarterly income on a one-time investment.
Tue, Oct 03, 2023
Senior Citizen Savings Scheme has emerged as one of the best and safest retirement investment options for senior citizens. The government-run scheme offers attractive returns to investors.
Wed, Feb 01, 2023
Budget 2023: Massive hike in Senior Citizen Savings Scheme, Post Office Monthly Income Scheme (MIS) - In her Budget Speech, the Finance minister also announced a new small savings scheme for women, 'Azadi Ka Amrit Mahotsav Mahila Samman Bachat Patra' at fixed interest rate of 7.5 per cent.
Mon, Jan 09, 2023
The government has hiked the interest rates on Small Savings Scheme, which has made investment very attractive. But is this scheme beneficial for senior citizens in view of inflation? Watch the special discussion with experts on Money Guru.
Wed, Jun 22, 2022
The Senior Citizens' Savings Scheme (SCSS) is introduced by government that helps senior citizens to save money for their retirement and receive quarterly interest payments. Senior citizens can create this account at any bank or post office singly or jointly with their spouse. It has a 5-year maturity period that can be extended up to 3 more years (5+3= 8 years).
Thu, Feb 11, 2021
SCSS vs Bank Bond: For senior citizens, investment with better returns are the best option to earn money because at this stage of life they can't work but their money can.
Mon, Jan 11, 2021
SBI Senior Citizen Saving Scheme: Apart from ICICI Bank and HDFC Bank, the State Bank of India (SBI) has also increased the deadline for Senior Citizen Special Fixed Deposit Scheme 'We Care' from 31st December 2020 to 31st December 2021.
Thu, Aug 06, 2020
Senior Citizen Saving Scheme or SCSS is a government-backed small savings scheme for all individuals who are aged above 60.
Wed, Apr 01, 2020
Small saving schemes like Sukanya Samriddhi Yojana, Senior Citizen Saving Scheme or SCSS, National Saving Certificate or NSC attract interest rate available at the time of account opening.
Small Saving Schemes: The Narendra Modi Government has decided to cut the small savings schemes interest rates and make a level playing field for the banks.
Sat, Feb 22, 2020
Senior Citizen Saving Scheme vs Mutual Funds vs Bank Bonds: Senior citizens can think of investing in equity mutual funds with the mid-term time horizon in mind.
Sat, Jan 25, 2020
Senior Citizen Saving Scheme vs Mutual Funds: Senior citizens can think of investing in equity mutual funds with the mid-term time horizon in mind.
Sat, Jan 11, 2020
While there are many investment instruments that can give you great tax-saving options, we pick the top five for you
Mon, Dec 23, 2019
Senior Citizen Saving Schemes are a hundred per cent risk-free and one can get an assured 8.6 per cent return in this investment tool, say experts.
Fri, Jul 26, 2019
Senior Citizen Saving Schemes are hundred per cent risk-free and one can get an assured 8.6 per cent return in this investment.
Fri, Jul 12, 2019
SCSS vs Bank Bond: In SCSS, one can't invest above Rs 15 lakhs while in bank bonds, one can invest up to any level.
Wed, Jul 10, 2019
In Senior Citizen Savings Scheme, an investor can invest through the post office or a bank if he or she has completed 55 years of age.
Wed, Jun 26, 2019
Generally, Fixed Deposits are better for senior citizens as they earn much higher returns than compared to general category.
Fri, Sep 22, 2017
Generally a person retires at the age of 58 or 60 years which means that is an end of his earning period. So, it is important for an individual to built retirement corpus before that.
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