SCSS is a government-backed small savings scheme designed for senior citizens to keep their finances steady after retirement. SCSS gives Indians over the age of 60 to have a secure and safe investment ...
Bank FD vs SCSS: The Senior Citizen Savings Scheme (SCSS) was a big support for senior citizens during the covid pandemic when most of the banks were offering a low interest rate around 6% to senior ...
Source: Department of Posts data shared by Union Minister of State for Finance Pankaj Chaudhary in Lok Sabha on 25-07-2022 Here are five features that make SCSS attractive for senior citizens: ...
The Senior Citizens Savings Scheme offers retirees safe, government-backed returns with 8.2 per cent interest, tax benefits under Section 80C, quarterly payouts and the potential to earn over Rs ...