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Jul 27, 2024 · 8.2% is the rate of interest applicable in SCSS from 1st April 2023 to 31st March 2024. Can I have the option of withdrawing the amount before maturity under SCSS? Yes, you have an option of withdrawing the amount after 1 year of opening an account under SCSS.
Nov 10, 2024 · 1. SCSS Interest Rate for 2024. Interest Rate: 8% per annum (as of April 2024) Payment Frequency: Quarterly (paid at the end of each quarter) Minimum Investment: ₹1,000. Maximum Investment ...
Oct 1, 2024 · If you are looking for the Updated SCSS interest rate history, then this article lists all the changes in the 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. SCSS Interest Rate History (Since 2015)
Oct 4, 2024 · The current SCSS rate of interest is 8.2% per annum for Q2 FY 2024-25. The SCSS interest rate is reviewed quarterly and is subject to periodic change. Moreover, interest is also calculated and credited quarterly.
Apr 4, 2024 · At present it is 8.20% per annum with effect from 01.04.2023. If the interest payable every quarter is not claimed by an account holder, such interest shall not earn additional interest. The whole amount of deposit in a joint account shall be attributable to the first account holder only.
From 01.10.2024 to 31.12.2024 , interest rates are as follows:- 8.2% per annum, payable from the date of deposit of 31st March/30th Sept/31st December in the first instance & thereafter, interest shall be payable on 31st March, 30th June, 30th Sept and 31st December.
Oct 28, 2024 · The Senior Citizen Savings Scheme (SCSS) offers an attractive interest rate of 8.2% per annum for the third quarter (October-December) of FY 2024-25. This makes SCSS one of the highest-yielding fixed-income small savings schemes available.
Jan 19, 2024 · The government has not hiked the interest rate on SCSS for the January-March 2024 quarter. The account holders can earn interest at the rate of 8.2% on their deposits. The interest is payable every quarter and is fully taxable.
Get to know the Senior Citizen Savings Scheme (SCSS) interest rate for the year 2024 on Groww. Check how to calculate interest rate on the amount invested.
TDS is deducted if the total interest on all SCSS accounts exceeds Rs 50,000 per annum. Every quarter, the Government sets the interest rate on SCSS. The interest rate has not been hiked for the quarter of April - June 2024. The current interest rate for SCSS is 8.20%.
