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

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) 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 ...

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.

SCSS vs PSU Bank Senior Citizen FD: Post Office Senior Citizen Savings Scheme (SCSS) offers a quarterly payout after a lump sum investment. On the other hand, banks offer extra interest rates on their ...

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 ...

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 ...

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 ...