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     • Senior Citizens Savings Scheme (SCSS) is a government-backed retirement benefits scheme designed to provide regular income to senior citizens. It is a safe investment option with a higher interest rate than other fixed-income options.
     tax2win.in/guide/senior-citizen-saving-scheme

     Senior Citizen Savings Scheme (SCSS) 2024 - Tax2win

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   Is SCSS a good investment option for senior citizens?

   • Under the Senior Citizen Savings Scheme (SCSS), the investment cap was increased from Rs 15 lakh to Rs 30 lakh as suggested in Budget 2023. SCSS is one of the popular investment avenues for senior citizens. Assured income, protection of capital and regular payouts is what makes it attractive.

   SCSS: Senior Citizens’ Savings Scheme ... - The Economic Times

   economictimes.indiatimes.com/wealth/invest/senior-citizens-savings-scheme-disadvantages-of-scss-you-should-know-before-investing/articleshow/100350951.cms

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   Why should you invest in SCSS scheme?

   • SCSS scheme is a government-endorsed scheme, and hence, capital invested in it enjoys superlative security and guarantee. SCSS has been historically known to provide its subscribers interest at rates that are at par with what is offered by other saving schemes such as fixed deposits, recurring deposits, etc.

   Senior Citizen Savings Scheme (SCSS) - Groww

   groww.in/p/savings-schemes/senior-citizen-savings-scheme-scss

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   What is SCSS & how does it work?

   • The SCSS is a government-supported retirement program aimed at providing benefits to seniors. It is a savings scheme for senior citizens residing in India. The scheme allows them to invest an amount in it, either individually or jointly, and receive regular income along with tax advantages.

   Senior Citizen Savings Scheme (SCSS): Features, eligibility and tax

   www.forbesindia.com/article/explainers/senior-citizen-savings-scheme-scss/93734/1

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   Is SCSS a good investment scheme in India?

   • It is one of the most lucrative savings schemes in India and offers comparatively substantial returns to its subscribers. Furthermore, it is a government-backed scheme, and hence, the risk of capital loss is negligible. Individuals can apply for SCSS through post offices as well as public & private banks.

   Senior Citizen Savings Scheme (SCSS) - Groww

   groww.in/p/savings-schemes/senior-citizen-savings-scheme-scss

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3. cleartax.in › s › senior-citizen-savings-schemeSenior Citizen Savings Scheme (SCSS) - Interest Rate 2024 ...

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   Jul 27, 2024 · Senior Citizen Savings Scheme (SCSS) is a government-backed retirement benefits programme. Senior citizens resident in India can invest a lump sum in the scheme, individually or jointly, and get access to regular income along with tax benefits. It is a Post Office savings scheme.

   • Interest Rate: 8.2% p.a.
   • Senior Citizen Savings Scheme (SCSS): Particulars

   • Minimum Investment: Rs 1,000
   • Tenure: 5 years

4. economictimes.indiatimes.com › wealth › investSenior Citizens’ Savings Scheme: Disadvantages of SCSS you ...

   economictimes.indiatimes.com › wealth › invest

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   May 19, 2023 · Under the Senior Citizen Savings Scheme (SCSS), the investment cap was increased from Rs 15 lakh to Rs 30 lakh as suggested in Budget 2023. SCSS is one of the popular investment avenues for senior citizens. Assured income, protection of capital and regular payouts is what makes it attractive.

   • Author: Sneha Kulkarni

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6. taxguru.in › income-tax › senior-citizen-savingsAll about Senior Citizen Savings Scheme (SCSS) - Tax Guru

   taxguru.in › income-tax › senior-citizen-savings

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   Jan 17, 2024 · This article provides a comprehensive understanding of the latest SCSS rules, covering eligibility criteria, investment options, extension of tenure, and income tax benefits. Senior Citizen Savings Scheme (SCSS) after SB Order No.22/2023 Dated: 14.11.2023

7. www.forbesindia.com › article › explainersSenior Citizen Savings Scheme (SCSS): Features, eligibility ...

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   Jul 26, 2024 · It's an ideal investment choice for individuals aged 60 and above who are looking to secure their financial future. In this article, we will look at the workings of the SCSS...

8. groww.in › senior-citizen-savings-scheme-scssSenior Citizen Savings Scheme (SCSS) - Groww

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   SCSS is one of the most beneficial investment options for senior citizens, given its security of capital, high returns, and also the tax benefit it attracts. The principal amount deposited in an SCSS account is eligible for tax deductions under Section 80C of the Income Tax Act, 1961, up to the limit of Rs. 1.5 Lakh.

   • If individuals make partial withdrawals from their SCSS account after one year of account opening, then penalty charges will not apply.
   • Yes, the joint account facility is available only if an individual opens an account with his/her spouse.
   • If the deposit amount is higher than Rs. 10 Lakh, then the deposit shall be made through cheque.
   • Yes, a depositor can prolong their SCSS for a term of three years within one year of maturity.
   • There is no fee.

9. www.paisabazaar.com › saving-schemes › seniorSenior Citizen Savings Scheme (SCSS): Eligibility, Interest ...

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   Sep 16, 2024 · Senior Citizen Savings Scheme (SCSS) is a preferred fixed income investment option for senior citizens. The primary objective of this scheme is to help senior citizens ensure a regular flow of income post retirement.

10. www.bankbazaar.com › saving-schemes › senior-citizenSCSS - Senior Citizen Savings Scheme 2024 - BankBazaar

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    Seniors and investors seeking dependable investment options continue to find the SCSS appealing because of its fixed quarterly interest rate, which guarantees competitive returns. The government released interest rates for several minor savings plans for the April–June quarter.