When we think about investing in our retirement, we face a multitude of questions. Which scheme is better? Which will give us better interest rates? Are we liable for any income tax benefits? Most of all, our goal is that our savings build on themselves, rather than just remain a lump sum amount. Today, we shall learn about one such revolutionary savings deposit scheme known as … [Read more...] about Bank FD vs SCSS (Senior Citizen Savings Scheme) – Which Offers The Highest Interest Rate?
senior citizen savings scheme
Take Note Of THESE Features Of The Senior Citizen Savings Scheme That You Might Not Like!
The Senior Citizen Savings Scheme (SCSS) is a government-backed retirement benefits program that allows senior citizens to invest a lump sum and receive regular income along with tax benefits. The scheme is administered by the National Savings Institute (NSI), a department of the Ministry of Finance, Government of India. To be eligible to open an SCSS account, you must be a … [Read more...] about Take Note Of THESE Features Of The Senior Citizen Savings Scheme That You Might Not Like!