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Senior Citizen Savings Scheme News

FD Interest Rates Are Low, Where Should You Invest Now?
Fixed Deposits (FDs) have always stood as a traditional financial instrument to invest money, be it a big amount or a small amount, to keep the money secure with an assured return. However, for the young population of India is not ...
Fd Interest Rates Are Low Where Should You Invest Now

Department Of Post Clarifies On Eligibility To Open SCSS
After a query was raised regarding whether or not the employee from the private sector can open the Senior citizen savings scheme (SCSS) account, the Department of Post has issued a note. The note says that the SCSS 2019 does ...
Department Of Post Clarifies On Eligibility To Open Scss
How To Invest In Senior Citizen Savings Scheme?
The SCSS, a government scheme, lets senior citizens invest funds in or for retirement benefits and receive interest income of 7.4% from the deposit on a quarterly basis. A SCSS account can be opened individually or jointly with your spouse at ...
Death Claim Rules Relaxed For PPF And SCSS
In the month of May, the Department of Posts informed of the amendment of the powers of various authorities to sanction claims made by heirs of deceased account holders with respect to post office savings schemes, including certificates, in cases where ...
Why are Senior Citizens Savings Schemes Better Than FD?
Post their retirement age, senior citizens look for investment options that are risk-free and those offering a regular income to cover monthly expenses. Parking their money in products that have long-term lock-in periods until maturity or those which carry high risk ...
Why Are Senior Citizens Savings Schemes Better Than Fd
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