Fri, Sep 13, 2024
Investing Rs 15 lakh in the Senior Citizen Savings Scheme (SCSS) or Post Office Monthly Income Scheme (MIS) offers secure, government-backed returns with regular payouts, making them ideal for low-risk, stable income.
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Fri, Jul 26, 2024
SBI Senior Citizen FD Interest Rates: Senior citizens need financial freedom in their retirement life, so they need a fixed income source. This income helps them meet their daily expenses in old age, and they don't have to depend on anyone for monetary needs.
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.
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, 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).
Wed, Sep 18, 2019
Know which scheme is best for regular income.
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