Tue, Mar 05, 2024
Senior Citizens Savings Scheme Account (SCSS) provides guaranteed returns in the form of quarterly interest to senior citizens. They get 8.2 per cent interest annually under this retirement-focussed scheme, which also provides tax exemption on deposits under Section 80C of the Income Tax Act. One can start a SCSS account with a minimum one-time investment of Rs 1000 or with a maximum of Rs 30 lakh. The scheme can provide senior citizens with a quarterly interest of Rs 61,500 if they invest a certain amount. Know calculations-
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Tue, Feb 27, 2018
Recent introduction of the Universal Account Number (UAN) has made accessibility of the EPF account easier.
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