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What is SCSS interest rate 2023?
What is the interest rate for Senior Citizen Savings Scheme (SCSS)?
What is SCSS interest rate history?
How often does SCSS interest rate change?
Jul 27, 2024 · The current interest rate applicable to SCSS is 8.2% p.a. This interest rate is applicable from 1st April 2024 until 31st March 2025. The interest will be paid on a quarterly basis.
- 8.2% p.a.
- Particulars
- Rs 1,000
- 5 years
Feb 16, 2024 · If you are looking for the Updated SCSS interest rate history, then this article lists down the all the changes in Senior Citizen Savings Scheme (SCSS) since 2015 and up to 2024. As of today, the rate of interest on SCSS is 8.2% per annum.
Jun 30, 2023 · Senior Citizen Savings Scheme (SCSS) Interest Rate July-September 2023: The SCSS interest rate for the July-September quarter of FY 2023-24 was announced today (June 30). The Government has ...
Feb 2, 2023 · The calculation shows that the quarterly interest income from SCSS account by depositing Rs 30 lakh will be Rs 60,000 if the interest rate remains at 8%. This means, the monthly income by ...
Sep 16, 2024 · SCSS Interest Rate 2024. Senior Citizen Savings Scheme interest rates for the 2nd quarter (July-September) of FY 2024-25 is 8.2% p.a. This is one of the highest interest rates offered by a fixed-income small savings scheme. SCSS interest rate is reviewed quarterly and is subject to periodic change. Interest is also calculated and credited ...
- 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.
Dec 19, 2022 · The SCSS interest rate applicable in the first quarter of 2023 (January-March) is 8%. The Government revises Senior Citizen Savings Schemes (SCSS) interest rate on a quarterly basis.
Sep 11, 2024 · Explore the Senior Citizen Savings Scheme (SCSS) 2024. Learn about the latest interest rates, eligibility criteria, and key features to make informed investment decisions for a secure future.
