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1. • Government-backed retirement benefits programme

     • What is the Senior Citizen Savings Scheme (SCSS)? 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.
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     Senior Citizen Savings Scheme (SCSS) - Interest Rate 2024 ...

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   What is Senior Citizens Savings Scheme (SCSS)?

   • What is SCSS? The Senior Citizens Savings Scheme (SCSS) is a Government-backed post office savings scheme that offers senior citizens a regular stream of income with the highest savings and tax-saving benefits. This is a secure form of investment with a guarantee of returns upon its maturity.

   Senior Citizens Savings Scheme (SCSS) Calculator - ClearTax

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   How a senior citizen can benefit from SCSS benefits?

   • Senior citizens living in India can individually or jointly invest a fixed amount in the scheme and receive regular income with tax benefits. This is a postal savings program. Senior citizens can open an SCSS account to avail of SCSS benefits. They can open an account at a post office or an authorized bank.

   Senior Citizens Savings Scheme (SCSS) Calculator - ClearTax

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   Is SCSS a good investment option for senior citizens?

   • Guaranteed Returns: Since SCSS is a government-backed small savings scheme, it is one of the safest and most reliable investment options for senior citizens. Tax Benefit- Under section 80C of the Income Tax Act, SCSS is eligible for a tax deduction of up to Rs. 1.5 Lakh per annum.

   Senior Citizen Savings Scheme (SCSS) - Paisabazaar.com

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   What is the maximum deposit for Senior Citizens Savings Scheme (SCSS)?

   • Budget 2023 Update: The maximum deposit for senior citizen saving scheme has been increased from Rs 15 lakhs to Rs 30 lakhs. The Senior Citizens Savings Scheme (SCSS) is primarily for the senior citizens of India. The scheme offers a regular stream of income with the highest safety and tax saving benefits.

   Senior Citizen Savings Scheme (SCSS) - Interest Rate 2024 ... - ClearTax

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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 · The Senior Citizens Savings Scheme (SCSS) allows senior citizens in India to invest up to Rs. 30 lakhs, providing a safe and tax-saving stream of income. The scheme features a government-backed retirement benefits program, with a fixed 8.2% interest rate.

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

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

4. Top stories

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     The Economic Times

     Will PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi, other post office schemes’ interest rates reduce from October, 2024?

     3 days ago

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     The Times of India

     Will post office small savings interest rates be revised for October-December 2024? - Times of India

     3 hours ago

   • India Infoline

     Investment Plans to Make Savings Last During Retirement

     Becoming financially independent post-retirement is one of the most important financial goals an individual seeks. It has always been encouraged to start investing as early as possible, to make ...

     2 days ago

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5. cleartax.in › s › scss-calculatorSenior Citizens Savings Scheme (SCSS) Calculator - ClearTax

   cleartax.in › s › scss-calculator

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   The Senior Citizens Savings Scheme (SCSS) is a Government-backed post office savings scheme that offers senior citizens a regular stream of income with the highest savings and tax-saving benefits. This is a secure form of investment with a guarantee of returns upon its maturity.

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. Videos

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     1:43

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     Senior Citizens Savings Scheme (SCSS) | Interest Rate | Tax Calculation | Benefits

     15 Oct 2020

     3.1K views

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     10:11

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     Post Office Senior Citizen Saving Scheme (SCSS) - Full Details | Post Office Best Scheme 2023

     26 Nov 2023

     610.7K views

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     goodreturns.in

     Explained: Senior Citizens Savings Scheme (SCSS) Current Withdrawal Rules

     8 Mar 2021

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8. economictimes.indiatimes.com › wealth › investSenior Citizen Savings Scheme: How to save TDS on SCSS ...

   economictimes.indiatimes.com › wealth › invest

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   2 days ago · Senior Citizen Savings Scheme (SCSS) is an attractive scheme for senior citizens which offers 8.2% interest for the July-September quarter. An individual can invest up to Rs 30 lakh in SCSS. Interest earned on the SCSS investment is taxable per the investor's income tax slab. TDS is also deducted if the interest received from the SCSS ...

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

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   Sep 16, 2024 · 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. Your credit health matters...

   • 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.

10. www.myscheme.gov.in › schemes › scssSenior Citizens Saving Scheme

    www.myscheme.gov.in › schemes › scss

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    Jan 2, 2012 · The Senior Citizens’ Saving Scheme is a retirement benefit program by the Government of India. Individuals over 60 years can opt for the SCSS scheme by investing by making an individual or joint investment. In addition, this scheme provides tax benefits.

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

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    Jul 26, 2024 · T he Senior Citizen Savings Scheme (SCSS) is designed specifically for older Indian citizens. It provides them with a dependable source of income, safety measures, and tax-saving benefits.