The Senior Citizens Savings Scheme (SCSS) is a scheme aimed to cater to the post-retirement needs of individuals who have attained the age of 60 years or above or an individual who has retired ...

Sukanya Samriddhi Yojana (SSY) is a girl child special scheme. Under this scheme, a girl's parents or legal guardians can deposit a maximum of Rs 1.50 lakh in a year. SSY provides an 8.2 per cent ...

The Senior Citizens Savings Scheme (SCSS) offers retirees a government-backed investment with an 8.2% interest rate and ...

Small savings schemes like PPF, SCSS, and Sukanya Samriddhi will continue offering the same interest rates for the July-September quarter of FY26. The government has opted for stability, keeping ...

When you prematurely close the SCSS account, there is a penalty. One needs to be mindful about it and the option must be judiciously exercised in the interests of your financial well-being.

SCSS or senior citizen fixed deposits: What is the better choice for greater interest in 2025? SCSS and senior citizen FDs both offer secure returns, but fluctuation in interest rates and ...

SCSS pays interest quarterly, providing a steady income stream for seniors. It's safer than market-linked schemes. SCSS investments get tax deductions up to Rs 1.5 lakh under Section 80C.

Under the new tax regime, there is a small tax exemption of Rs 3,500 per financial year available on the interest earned from a post office savings account. This exemption falls under Section 10 ...

SSY, SCSS, NSC, PPF among 8 post office small savings schemes that provide up to 8.2% interest rate Kisan Vikas Patra (KVP) provides a 7.5 per cent interest rate per annum. In this, the minimum ...