Yahoo India Web Search

Sign In

Search results

  1. People also ask

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

    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.

    • 8.2% p.a.
    • Particulars
    • Rs 1,000
    • 5 years

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

    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.

  4. Videos

    View all

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

    Jul 26, 2024 · Learn how the Senior Citizen Savings Scheme offers tax benefits for those aged 60 and above. Learn how to open an SCSS account and its eligibility criteria

  6. www.icicibank.com › blogs › miscellaneousBenefits and features of Senior Citizen Savings Scheme (SCSS)

    If you are opening an SCSS scheme, you are eligible to receive quarterly disbursals. Banks provide interest payments on the 1 st of April, July, October and January. Benefits of SCSS: Safe investment option as it an initiative by the Government of India. You can open an SCSS Account at any authorised bank or any post office in India.

  7. sbnri.com › blog › nri-investmentSenior Citizen Savings Scheme (SCSS): Key Benefits ... - SBNRI

    Jul 22, 2024 · Senior Citizen Savings Scheme (SCSS) is a government-backed financial scheme created to give elderly people a stable, consistent source of income. For say, Mr. Kumar, a 65-year-old who recently retired, invests in the SCSS to guarantee a consistent income and take advantage of tax benefits.

    • Tanishka Singh

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

    The Senior Citizens Savings Scheme (SCSS) was launched with the main aim of providing senior citizens in India with a regular income after they attain the age of 60 years old. Some of the main benefits of the scheme are: Tax benefits are provided. Safe to invest in the scheme. Premature withdrawal is allowed.

  9. groww.in › p › savings-schemesSenior Citizen Savings Scheme (SCSS) Interest Rate - Groww

    Most private and public sector banks and the Indian Post Office offer the advantages of these specific schemes for senior citizens. Another reason why the scheme is useful is that it acts as a tax-saving instrument for those above 60 years of age. Historical Trends of SCSS Interest Rates