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5 days ago · Senior Citizens Savings Scheme (SCSS) is a government-backed savings instrument offered to Indian residents aged above 50 years. Read this article to know the Senior Citizen Savings Scheme (SCSS), eligibility criteria, SCSS interest rate, benefits, SCSS application form and more.
- Online application facility is not available for SCSS. In order to open a SCSS account, the customer must visit the post office or bank branch and...
- Yes, investments made in SCSS are eligible for income tax deduction benefits under the Section 80C of Income Tax Act, 1961.
- Any individual, above the age of 60, can open a Senior citizen savings account accompanied by all the required documents.
5 days ago · You can invest in a host of savings schemes in India, many of which carry tax deductions and exemptions under the Income Tax Act, 1961. In this article, we will give you an overview of the different savings schemes available in term of returns, ease of investment, taxability of income, flexibility, costs and liquidity.
5 days ago · Read on to know in detail about the various small saving schemes offered by the Post Office including Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Kisan Vikas Patra, Post Office Monthly Income Scheme, Senior Citizen Savings Scheme (SCSS) and more.
- Post Office Monthly Income Scheme is a low-risk plan with steady income. One can invest up to Rs.4.5 lakh per month individually and Rs. 9 lakh in...
- Yes, money can be withdrawn from the Post Office account from any post office. Also, the account bearer can withdraw the money anytime. However, Rs...
- All schemes except Senior Citizen Savings Scheme can be availed by students above 18 years. Sukanya Samriddhi Yojna (SSY) is a scheme for girl stud...
1 day ago · A Senior Citizens Savings Scheme ( SCSS) account is a retirement benefit account that is supported by the Indian government. Indian senior citizens who invest a lump sum in the plan, either individually or jointly, can take advantage of the account's benefits.
2 days ago · Updated On - 04 Jul 2024. Savings account offers an easy way to save money and earn interest on it. ICICI Bank has multiple types of savings account that offer various value-added benefits, ensure the safety of your funds, and enables customers to operate their account with the ease of banking.
4 days ago · So if you have invested 10000 and expense ratio is 2%, you would have paid rupees 200 as fees to invest in mutual funds. Retirement Fund : The fund has 92.93% investment in domestic equities of ...
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2 days ago · Tax-saving options like Section 54, 54EC, and 54F provide exemptions on capital gains by reinvesting in specified assets or bonds. Restrictions and conditions apply, such as limitations on the number of houses, property purchase in India, and lock-in periods.
