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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.
May 2, 2024 · SCSS vs. FD: Here, we have compared the interest rates offered by the Senior Citizens Savings Scheme (SCSS) and bank fixed deposit rates with 5-year tenure for senior citizens and other important features.
Nov 4, 2023 · The government-backed Senior Citizen Savings Scheme (SCSS) is one of the most preferred investment options among retirees. For investments made in the October-December quarter, the Senior Citizen Savings Scheme offers an interest rate of 8.2% per annum.
Jan 5, 2024 · Senior citizen savings scheme offers 8.2% interest rate: Can you open more than one SCSS account? Was interest rate hiked for quarter January- March 2024? The government fixes the interest rate on SCSS every quarter. The government has not hiked the interest rate on SCSS for this quarter.
Interest rate is 8.2%. Rate of interest is as decided by Ministry of Finance from time to time. The product is offered by Government of India and hence is one of the most safest investment option. Tax Deducted at Source (TDS) is applicable on the interest amount earned on a quarterly basis for investment in the Senior Citizen Savings Scheme.
Oct 4, 2024 · SCSS Interest Rate 2024. Senior Citizen Savings Scheme interest rates for the 3rd quarter (October-December) 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 ...
Jun 30, 2023 · The Government has decided to keep the SCSS interest rate unchanged at 8.2%. Earlier, SCSS account holders were expecting a further hike in the interest rate. However, a fresh hike was unlikely...
