We have come-up with a simple excel based SCSS calculator where you can input investment amount and interest and it gives you the quarterly interest payout and the maturity amount.
Download SCSS Calculator 2021 ★ An Excellent Investment for Senior Citizens ★ Read More »
Senior Citizens’ Savings Scheme (SCSS) is one of the best fixed deposit schemes for Retired Senior Citizens as its safe (backed by Government of India), has assured quarterly payments, gives tax benefit and easy to handle. This post provides details of rules and regulations for SCSS. Who can open SCSS? As the name states, anyone
Senior Citizens’ Savings Scheme: Excellent Investment for Tax Saving & Regular Income Read More »
Government of India announces interest rate on small saving schemes like PPF, Senior Citizen Savings Scheme, Post Office Fixed and Recurring Deposits and Sukanya Samriddhi Account every quarter effective April 2016. This is done to keep these interest rates in sync with the market rates. The table below shows the interest reset schedule: Interest Rates
Small Savings Scheme Interest Rate – Jan – Mar’19 Read More »
The government has finally cut the interest rates offered on small savings schemes like PPF, Senior Citizen Savings Scheme, Post Office Fixed and Recurring Deposits and Sukanya Samriddhi Account by 0.4% to 1.3%. The much publicized Sukanya Samriddhi Yojna would have 8.6% interest as compared to 9.2% earlier. Similarly for Senior Citizens Savings Scheme the
Ministry of Finance has come out with additional guidelines and new rules the way interest rates are determined for small saving schemes. These small saving schemes cover the following investments: PPF (Public Provident Fund) Sukanya Samriddhi Scheme Post office Monthly Income Scheme Senior Citizen Savings Scheme KVP (Kisan Vikas Patra) NSC (National Savings Certificate) Post
4 Changes in Small Saving Schemes like PPF, NSC, Post Office FD Read More »
