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Senior Citizen Savings Scheme

Guaranteed Return Schemes for Senior Citizens: SCSS, KVP, and more income options

Guaranteed Return Schemes for Senior Citizens: SCSS, KVP, and mor...

Tue, Dec 10, 2024

Most senior citizens seek guaranteed return schemes as they no longer have a regular income in their later years. They wish to invest the savings accumulated during their working life in schemes that provide consistent income, whether monthly, quarterly, or annually. In this video, we will explore these schemes offered by post offices and other financial institutions.

ELSS vs 5-Year SBI FD vs SCSS: Which investment can create highest corpus on Rs 5 lakh; see calculation

ELSS vs 5-Year SBI FD vs SCSS: Which investment can create highes...

Mon, Nov 25, 2024

Compare ELSS SIP, SBI FD, and SCSS to discover which offers the highest returns on a Rs 5 lakh investment. Understand their features, tax benefits, and maturity values for smart financial planning.

SCSS vs MIS: Which can offer higher return on a Rs 7 lakh investment for 5 years? See calculations

SCSS vs MIS: Which can offer higher return on a Rs 7 lakh investm...

Wed, Nov 13, 2024

Comparing the Senior Citizen Savings Scheme (SCSS) and Post Office Monthly Income Scheme (MIS) to determine which offers higher returns on a Rs 7 lakh investment for 5 years, with secure, government-backed payouts.

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This senior citizen scheme can provide your Rs 50,000 in quarterly, but what should be your investment amount?

This senior citizen scheme can provide your Rs 50,000 in quarterl...

Fri, Aug 30, 2024

SCSS: The scheme provides 8.2 per cent per annum interest. The minimum one-time investment in the scheme is Rs 1000, while the maximum is Rs 30 lakh.

Senior citizens get 8.2% interest rate under this fixed income scheme; check age limit, tax benefits and other key details

Senior citizens get 8.2% interest rate under this fixed income sc...

Thu, Aug 22, 2024

SCSS: To take benefit of this scheme, one should be 60 years old or more than that. At the same time, civil sector government employees taking VRS and people retiring from defense are given age relaxation with certain conditions.

SCSS: Rs 10,00,000 investment in this senior citizen savings scheme can give you Rs 82,000 annual income for 5 years

SCSS: Rs 10,00,000 investment in this senior citizen savings sche...

Fri, Jun 07, 2024

Senior Citizen Savings Scheme (SCSS) is a small savings, guaranteed return scheme run by the post office, where senior citizens get 8.20 per cent yearly interest. The non-market-linked scheme has a lock-in period of five years, where one makes a one-time investment to get a quarterly income in the form of interest. The minimum deposit in the scheme is Rs 1,000 and in multiples of Rs 1,000, while the maximum deposit is Rs 30 lakh. One gets the principal amount back on maturity.

SCSS: This post office scheme gives Rs 2.46 lakh interest in 1 year; know details

SCSS: This post office scheme gives Rs 2.46 lakh interest in 1 ye...

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-

Post Office Senior Citizen Savings Scheme 2024: Interest rate, minimum investment, who can apply, other important features you must know

Post Office Senior Citizen Savings Scheme 2024: Interest rate, mi...

Mon, Feb 26, 2024

Post office senior citizen scheme interest rate: Investment in a Senior Citizen Savings Scheme (SCSS) account at the post office yields a return of 8.2 per cent per annum, compounded every quarter, for the three-month period ending March 31, 2024.

Investment Tips: These guaranteed return schemes offer high interest rates; can help you get significant returns in 5 years

Investment Tips: These guaranteed return schemes offer high inter...

Sun, Jan 21, 2024

Post office Investment Tips: If you are one of those people who instead of investing in market-linked schemes, prefer to invest in investment options with guaranteed returns, we will tell you about Post Office schemes where your money is safe. Know about Post Office schemes which can help you get good returns in just 5 years.

Good news! Interest rates on some small savings schemes increased by this much - check details

Good news! Interest rates on some small savings schemes increased...

Thu, Sep 29, 2022

The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rate in the economy.

Post Office Scheme: Good returns with secured investment, Know about senior citizen scheme in detail

Post Office Scheme: Good returns with secured investment, Know a...

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).

Invest Rs 100 in Post Office Recurring account to get Fund in lakhs, here's how

Invest Rs 100 in Post Office Recurring account to get Fund in lak...

Wed, Apr 27, 2022

Start Investing with Rs 100 per month and get good return in Post office Recurring Deposit. The interest rates of RD depend on the tenure of the deposit. A three of five year RD will definitely fetch a higher interest rate. If you want Rs 20.85 lakh after 5 years at an interest rate of 6.8, the investment amount should be Rs 15 lakh over 5 years.

International day of Older Persons: Invest in Senior Citizen Savings scheme for financial security- Check interest rate, minimum, maximum deposits and other details

International day of Older Persons: Invest in Senior Citizen Savi...

Fri, Oct 01, 2021

October 1 is celebrated as International day of Older Persons all over the world. This International day of Older Persons here is how an elderly person can secure his/her finances by investing in Senior Citizen Savings Scheme (SCSS).

LIC Pradhan Mantri Vaya Vandana Yojana versus Senior Citizen Savings Scheme: COMPARISON - Know Interest Rate, benefits, tenure and more

LIC Pradhan Mantri Vaya Vandana Yojana versus Senior Citizen Savi...

Thu, Aug 12, 2021

LIC Pradhan Mantri Vaya Vandana Yojana (PMVVY) and Senior Citizen Savings Scheme (SCSS) are such policies that assure higher fixed interest to senior citizens.

DETAILED COMPARISON - LIC Pradhan Mantri Vaya Vandana Yojana vs Senior Citizen Savings Scheme: Check interest rates, benefits, tenure and more about PMVVY and SCSS

DETAILED COMPARISON - LIC Pradhan Mantri Vaya Vandana Yojana vs S...

Wed, Jun 09, 2021

LIC Pradhan Mantri Vaya Vandana Yojana (PMVVY) and Senior Citizen Savings Scheme (SCSS) are such policies that assure higher fixed interest returns to senior citizens.

Senior Citizen Savings Scheme (SCSS): Amazing option for rich post-retirement life! Know all key money details here

Senior Citizen Savings Scheme (SCSS): Amazing option for rich pos...

Mon, Jul 06, 2020

Everyone wants to lead a peaceful post-retirement life but this only possible the when the financial position is sound. How to get there?

Saving Schemes For Senior Citizens: Top 5 money-making investment tools for risk-free investors

Saving Schemes For Senior Citizens: Top 5 money-making investment...

Fri, May 29, 2020

Saving Schemes For Senior Citizens: A retired person can't work to earn more money, but with his wit and grit, the amount that he has earned during his working days can definitely earn him extra.

Budget 2020: Demand grows for full income tax rebate on Senior Citizen Savings Scheme

Budget 2020: Demand grows for full income tax rebate on Senior Ci...

Fri, Jan 24, 2020

Budget 2020: Senior citizens are expecting from Nirmala Sitharaman to announce a full tax rebate on Senior Citizen Saving Scheme.

Senior Citizen Saving Scheme: Top 5 investment options for the retired people

Senior Citizen Saving Scheme: Top 5 investment options for the re...

Sun, Dec 15, 2019

Senior Citizen Saving Scheme: After retirement, generally people have little option for earnings and hence their investment becomes one of the most important factors post-retirement.

Forget Fixed Deposits! These Post office schemes offer up to 8.6% interest

Forget Fixed Deposits! These Post office schemes offer up to 8.6%...

Sun, Jul 21, 2019

Two of the Post Office small savings schemes are currently offering up to 8.6 per cent interest rate. Five-year Senior Citizen Saving Scheme (SCSS) and Sukanaya Samridhi Yojana (SSY) are two such schemes offered by post offices that can fetch you handsome returns of up to 8.6% in a year.

How debt related investments are taxed

How debt related investments are taxed

Wed, May 22, 2019

They are various kinds of debt-related instruments available in the market like, Fixed deposits, National Savings Certificate, Post office schemes, Senior Citizen's Savings Schemes, Debt Mutual Funds etc. While there is a set taxation pattern applicable on each debt instrument, let's understand how it works.

Post Office Senior Citizen Savings Scheme offers 8.7% interest, Income Tax benefits; Details here

Post Office Senior Citizen Savings Scheme offers 8.7% interest, I...

Mon, Oct 22, 2018

Post Office Senior Citizen Savings Scheme (SCSS) is offering 8.7% interest on investments.

Which retirement scheme is best? Here is a comparison to help you choose

Which retirement scheme is best? Here is a comparison to help you...

Tue, Apr 03, 2018

The EPFO operates a retirement scheme called Employees' Provident Fund (EPF). However, this is not the only retirement scheme that is available in the market.

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