- Want inflation beating return post-retirement? Here's how equities can save the day
Retirement planning needs a serious rethink. While we may think that having Rs 1 cr in our retirement cor ...More
Retirement planning needs a serious rethink. While we may think that having Rs 1 cr in our retirement corpus is enough, in reality, it is not. With inflation, its value shrinks drastically. Read on to find out how diversifying your investments across various fixed income schemes, annuities, arbitrage funds and other equities, can help your money grow in the long term, and ensure that your golden years stay golden. ...Less
- Get up to 8.2% interest from Senior Citizen Savings Scheme, Sukanya Samriddhi and 4 other post office schemes
Small savings schemes: The government reviews interest rates of small savings schemes quarterly. Here is ...More
Small savings schemes: The government reviews interest rates of small savings schemes quarterly. Here is a list of small savings schemes offering interest rates between 7.5% and 8.2% for October - December 2024. ...Less
- Where should I invest my retirement benefit amount of Rs 2 crore for the next 20 years to get a regular income?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query ...More
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away. ...Less
- Latest PPF interest rate: What is the Public Provident Fund interest rate for the October-December 2024 quarter?
Latest PPF interest rate: The government revises the interest rates of all small savings schemes every qu ...More
Latest PPF interest rate: The government revises the interest rates of all small savings schemes every quarter. Some popular post office schemes are the Public Provident Fund, Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Post Office Time Deposits (POTD), Mahila Samman Savings Certificate, and Post Office Monthly Income Scheme (POMIS). ...Less
- Senior Citizen Savings Scheme: How to save TDS on SCSS interest income
Senior Citizen Savings Scheme: TDS is deducted when the interest on SCSS exceeds Rs 50,000 in a financial ...More
Senior Citizen Savings Scheme: TDS is deducted when the interest on SCSS exceeds Rs 50,000 in a financial year. This TDS is deducted from the interest and you can claim a credit for this TDS at the time of filing income tax return (ITR). However, there is a way to prevent TDS getting deducted. Read the story to know more. ...Less
- Will PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi, other post office schemes’ interest rates reduce from October, 2024?
The Centre is likely to announce the interest rates of small savings schemes ¡ª Public Provident Fund (PPF ...More
The Centre is likely to announce the interest rates of small savings schemes ¡ª Public Provident Fund (PPF), Senior Citizen Savings Scheme (SCSS), National Savings Certificate (NSC), Sukanya Samriddhi Yojana (SSY), Post Office Monthly Income Scheme (POMIS) by September 30, 2024. As we are almost towards the end of the rising interest rate cycle, will interest rates of post office schemes start falling soon? Read on to know where the interest rates are going during the October-December quarter of 2024 and what investors should do now. ...Less
- Retirement planning: How to get Rs 1 lakh monthly pension after retirement; check investment plan, calculation
How can a senior citizen earn a regular pension of Rs 1 lakh every month after retirement? It requires fi ...More
How can a senior citizen earn a regular pension of Rs 1 lakh every month after retirement? It requires financial planning ¡ª you need to invest your retirement corpus in a way that can help you with a regular income. Investment choices depend on risk tolerance. Careful financial planning, considering factors like tax efficiency and inflation, is crucial for achieving this goal. ...Less
- Interest rate up to 8.2%: Latest interest rates of PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi, other post office schemes
Latest small savings schemes interest rates: The savings schemes offered by post offices consist of the P ...More
Latest small savings schemes interest rates: The savings schemes offered by post offices consist of the Public Provident Fund, Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Post Office Time Deposits (POTD), Mahila Samman Savings Certificate, and Post Office Monthly Income Scheme (POMIS). ...Less
- SCSS interest rate: Latest Senior Citizens Savings Scheme interest rate for July- September quarter
The Senior Citizen Saving Scheme (SCSS) is an investment scheme developed and maintained by the Indian go ...More
The Senior Citizen Saving Scheme (SCSS) is an investment scheme developed and maintained by the Indian government to help senior citizens live financially secure lives after retirement. The interest rate on this savings scheme is set and revised by the government every quarter. ...Less
- Latest interest rates of PPF, Sukanya Samriddhi Yojana, Senior Citizen Saving Scheme, NSC, other post office schemes
Latest small savings schemes interest rates: The government has left the interest rates on small savings ...More
Latest small savings schemes interest rates: The government has left the interest rates on small savings schemes for the quarter ending June 30, 2024. Latest interest rates of PPF, Sukanya Samriddhi Yojana, Senior Citizen Saving Scheme, NSC, and other post office schemes. ...Less
- Top post office schemes: These 9 small savings schemes offer above 7% interest rate
Post office schemes interest rates: The government has kept the interest rates on small savings plans unc ...More
Post office schemes interest rates: The government has kept the interest rates on small savings plans unchanged for the quarter ending June 30, 2024. Here are nine post office schemes that offer more than 7% interest. ...Less
- Earn up to 9.50% interest rate: Senior Citizen Saving Scheme (SCSS) vs FD; interest rates, tax benefits, deposit limit compared
SCSS vs. FD: Here, we have compared the interest rates offered by the Senior Citizens Savings Scheme (SCS ...More
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. ...Less
- 7.1% PPF interest rate or 8.2% returns from Senior Citizen Savings Scheme (SCSS): Where should someone in 20% tax bracket invest?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query ...More
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away. ...Less
- PPF, SSY, Senior Citizen Savings Scheme, other post office schemes interest rates for April- June quarter 2024
Post office schemes interest rates for April-June quarter: The government revises small savings schemes i ...More
Post office schemes interest rates for April-June quarter: The government revises small savings schemes interest rates every quarter. Here is a look at the interest rates on various post office schemes for the first quarter of FY 2024-25 along with its compounding frequency. ...Less
- PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi, NSC, other small savings schemes' rates announced for July-September 2024 quarter
Latest Post Office Schemes interest rates: The government has announced that it will keep the interest ra ...More
Latest Post Office Schemes interest rates: The government has announced that it will keep the interest rates unchanged for small savings schemes for July-September 2024. These schemes include the Public Provident Fund, Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Post Office Time Deposits (POTD), Mahila Samman Savings Certificate, and Post Office Monthly Income Scheme (POMIS). ...Less
- Senior Citizen Savings scheme latest interest rate: What is the SCSS interest rate for the April- June 2024 quarter?
Senior Citizen Savings scheme interest rate: Note that if an account is formed in violation of the SCSS R ...More
Senior Citizen Savings scheme interest rate: Note that if an account is formed in violation of the SCSS Rules, the account will be terminated immediately and the deposit will be returned to the depositor after deducting any interest received on the deposit. ...Less
- PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi and other small savings schemes' rates announced for April-June quarter; check here
Latest small savings schemes interest rates: Here is a look at the interest rates on various small saving ...More
Latest small savings schemes interest rates: Here is a look at the interest rates on various small savings schemes for the fourth quarter of FY 2023-24. ...Less
- Will PPF interest rate be finally hiked in 2024 after remaining unchanged since April 2020?
PPF, Senior Citizen Savings Scheme, and Sukanya Samriddhi Account: Interest rates of small savings scheme ...More
PPF, Senior Citizen Savings Scheme, and Sukanya Samriddhi Account: Interest rates of small savings schemes are due for revision at the end of this month. The interest rates of small savings schemes are linked to yields of 10-year Government Securities in the secondary market. There are set formulae for mark-ups over the previous three months¡¯ average yield of relevant G-Secs of comparable maturity. Let's see if you are in for a New Year bonanza from the Central Government this time. ...Less
- To whom do the new Senior Citizen Savings Scheme (SCSS), PPF rules apply? Govt clarifies
The Department of Posts came out with an detailed notification about senior citizen savings scheme (SCSS) ...More
The Department of Posts came out with an detailed notification about senior citizen savings scheme (SCSS) and Public Provident Fund (PPF) few weeks back. On November 29, 2023 the Department of Posts issued a clarification as to who the new SCSS and PPF rules would apply. Read below to find out. ...Less
- 4 investment options for senior citizens in India 2024
Take a look at four investment options that senior citizens can invest in to earn regular, monthly income ...More
Take a look at four investment options that senior citizens can invest in to earn regular, monthly income during their retirement years. The idea is to build a retiree portfolio with a mix of these products. ...Less
- Earn interest rate of 8.2%: 8 key features of Senior Citizen Savings Scheme
Earn interest rate of 8.2%: 8 key features of Senior Citizen Savings Scheme ...More
Earn interest rate of 8.2%: 8 key features of Senior Citizen Savings Scheme ...Less
- Senior Citizens’ Savings Scheme (SCSS): Can I deduct penal interest while filing ITR?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query ...More
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away. ...Less
- PPF, Senior Citizen Savings Scheme, SSY, NSC: Is it mandatory to submit Aadhaar to invest in small savings schemes?
Small savings scheme: Do you need to submit Aadhaar mandatorily in order to invest in small savings schem ...More
Small savings scheme: Do you need to submit Aadhaar mandatorily in order to invest in small savings scheme? The answer is yes. According to a notification by the Ministry of Finance, Aadhaar is now mandatory for investing in PPF, SSY, NSC, and other small saving schemes. ...Less
- Senior Citizen Savings Scheme (SCSS) offers 8.2% interest rate; All you need to know about tax benefits, investment limit & more
Senior Citizen Savings Scheme features: The government fixes the interest rate on SCSS every quarter. The ...More
Senior Citizen Savings Scheme features: The government fixes the interest rate on SCSS every quarter. The government has not hiked the interest rate on SCSS for the January-March 2024 quarter ...Less
- Where should I invest Rs 60 lakh with minimum income tax liability?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query ...More
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away. ...Less
- SCSS vs senior citizen FDs of SBI, HDFC Bank, ICICI Bank, Axis Bank, PNB: Which offers highest interest rate?
Let us take a look at the senior citizen FD interest rates offered by top private and public sector banks ...More
Let us take a look at the senior citizen FD interest rates offered by top private and public sector banks on 5-year tenure. ...Less
- Best ways to save income tax: 10 tax-saving investment options for you
ET Wealth annual ranking of tax-saving instruments helps such individuals make the right choices. We asse ...More
ET Wealth annual ranking of tax-saving instruments helps such individuals make the right choices. We assessed 10 tax-saving options on eight key parameters¡ªreturns, safety, flexibility, liquidity, costs, transparency, ease of investment and taxability of income. Each parameter has equal weightage and the composite scores determine the place in the ranking. ...Less
- Senior citizen savings scheme: What is the SCSS interest rate for the January-March 2024 quarter?
The government-backed Senior Citizen Savings Scheme (SCSS) is available for those over the age of 60, or ...More
The government-backed Senior Citizen Savings Scheme (SCSS) is available for those over the age of 60, or 55. The government fixes the interest rate on SCSS every quarter. ...Less
- Post office schemes new rules 2023: Major changes made to PPF, POTD, POMIS, Senior Citizens Savings Scheme, other small savings schemes
The government has made various changes under small savings schemes in the year 2023. Here we have listed ...More
The government has made various changes under small savings schemes in the year 2023. Here we have listed some of the major and important changes made by the government. ...Less
- 7 Senior Citizens Savings Scheme (SCSS) rule changes
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- Senior Citizen Savings Scheme (SCSS) rule change: Multiple extensions available; when to opt for it, when to avoid
SCSS new rule: A Senior Citizen Savings Scheme (SCSS) pays quarterly interest to the depositors during it ...More
SCSS new rule: A Senior Citizen Savings Scheme (SCSS) pays quarterly interest to the depositors during its tenure of five years. On maturity, the deposited amount is paid back to the SCSS investor. The depositor has the option to extend the scheme by three years. What has changed? Earlier, an SCSS account holder could extend the maturity by only three years. Now, the beneficiary gets the chance to extend the SCSS account multiple times in a block of three years for unlimited times ...Less
- Senior Citizens Savings Scheme (SCSS) premature withdrawal rules changed; check details
Senior Citizen's Savings Scheme rule change: The government released a notification implementing numerous ...More
Senior Citizen's Savings Scheme rule change: The government released a notification implementing numerous significant changes to the popular Senior Citizen's Savings Scheme (SCSS). ...Less
- Post office schemes rules changed: Govt makes changes to PPF, Senior Citizen Savings Scheme (SCSS), 5-year time deposit
On November 7, 2023, the government released a notification that made numerous significant modifications ...More
On November 7, 2023, the government released a notification that made numerous significant modifications to the popular SCSS, PPF, and 5-year post office time deposit. Here is a look at the changes made to these small savings schemes. ...Less
- 7 changes in Senior Citizens Savings Scheme rules: More people can invest, more time for retirees, stricter penalty
The government has issued a notification to make changes in the Senior citizens Savings Scheme rules. The ...More
The government has issued a notification to make changes in the Senior citizens Savings Scheme rules. These rules apply on who can invest, how much time retirees have to invest their retirement benefits in the scheme, definition of retirement benefits, penalty on premature withdrawals on certain tenures and others. Read on to know the latest changes. ...Less
- Senior citizen savings scheme offers 8.2% interest rate: Can you open more than one SCSS account?
A senior citizen (individuals aged above 60 years) or retired individuals aged above 55 years can open an ...More
A senior citizen (individuals aged above 60 years) or retired individuals aged above 55 years can open an senior citizen savings scheme (SCSS) with any bank or post office. At present SCSS offers an interest of 8.2% per annum and maximum Rs 30 lakh or the amount of retirement benefit, whichever is lower can be deposited into the scheme. ...Less
- SCSS vs senior citizen FDs in SBI, HDFC Bank, ICICI Bank, YES Bank: Which offers higher interest?
Here we have compared the interest rates offered by the Senior Citizens Savings Scheme and the bank fixed ...More
Here we have compared the interest rates offered by the Senior Citizens Savings Scheme and the bank fixed deposit rates for senior citizens for five years. ...Less
- Mopup of savings scheme for elderly crosses Rs 1 lakh cr
The small savings scheme for senior citizens in India has seen a surge in collections after the governmen ...More
The small savings scheme for senior citizens in India has seen a surge in collections after the government doubled the deposit limit in the budget. The scheme has crossed ?1 lakh crore in the first half of the fiscal year, which is two-and-a-half times higher than the previous year. Additionally, a new small savings scheme for women introduced in the budget has garnered ?13,500 crore. ...Less
- Was Senior Citizens Savings Scheme interest rate hiked for Oct-Dec quarter? Check latest SCSS rate
The government has raised the interest rates on certain small savings schemes and post office schemes for ...More
The government has raised the interest rates on certain small savings schemes and post office schemes for the fiscal quarter ending December 31, 2023. ...Less
- 4 safe investments that offer higher returns than bank FD interest rates
Best investment options: FD interest rates have been on the rise, but there are other fixed income invest ...More
Best investment options: FD interest rates have been on the rise, but there are other fixed income investments that are offering better returns. ...Less
- Where to invest Rs 83 lakh to get regular income during retirement
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query ...More
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away. ...Less
- Income tax saving ideas: With 8.2% interest, Senior Citizen Savings Scheme (SCSS) is a better bet to save tax than tax-saver FDs
Tax saving for FY 23-24: Senior Citizen Savings Scheme vs tax-saving fixed deposits: Fixed deposits (FDs) ...More
Tax saving for FY 23-24: Senior Citizen Savings Scheme vs tax-saving fixed deposits: Fixed deposits (FDs) have long been a popular choice for senior citizens seeking secure investments with fixed returns and saving tax. But this year, the Senior Citizen Savings Scheme (SCSS) is offering an attractive interest rate, making it a potentially better option for retirees. While both SCSS and tax-saving FDs offer benefits, understanding their key features can help seniors make an informed decision in this tax-saving season. ...Less
- Your PPF, Senior Citizens Savings Scheme, other small savings schemes will be frozen if you fail to submit Aadhaar details by this date
If the Aadhaar number is not provided by this date, your small savings investments will be frozen until t ...More
If the Aadhaar number is not provided by this date, your small savings investments will be frozen until the Aadhaar number is submitted. ...Less
- Want to build a big retirement corpus? Start SIPs in equity funds
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitabilit ...More
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals. ...Less
- SCSS vs 5 year senior citizen bank FD: Which offers higher interest rate?
Bank fixed deposits which offer 0.50-0.75% higher interest to senior citizens and Senior Citizens Savings ...More
Bank fixed deposits which offer 0.50-0.75% higher interest to senior citizens and Senior Citizens Savings Scheme (SCSS) offered by the government are very popular choices for senior citizens. ...Less
- Senior Citizens Savings Scheme: Was interest rate hiked for July-September 2023 quarter?
The investment minimum is Rs 1,000 and the investment maximum is Rs 30 lakh. If you are interested in inv ...More
The investment minimum is Rs 1,000 and the investment maximum is Rs 30 lakh. If you are interested in investing in SCSS, then here is a look at important features of the scheme. ...Less
- Senior Citizen Savings Scheme investment limit hiked to Rs 30 lakh: Govt issues notification
Budget 2023 proposed a hike in investment limit in Senior Citizen Savings Scheme (SCSS. A hike of Rs 15 l ...More
Budget 2023 proposed a hike in investment limit in Senior Citizen Savings Scheme (SCSS. A hike of Rs 15 lakh was proposed in the SCSS. As per the proposal, the maximum investment limit in SCSS has been doubled from Rs 15 lakh to Rs 30 lakh. Now the government has issued a notification for the same. ...Less
- Senior Citizens’ Savings Scheme or bank fixed deposits: Which offers best interest rate for senior citizens?
In view of increased interest rates, the government revised the interest rates of a few small savings sch ...More
In view of increased interest rates, the government revised the interest rates of a few small savings schemes, including the Senior Citizens Savings Scheme, for the June 2023 quarter. ...Less
- Will PPF interest rate increase for July-September quarter?
The central government has not revised the interest rate of PPF since April 2020. It has remained at 7.1 ...More
The central government has not revised the interest rate of PPF since April 2020. It has remained at 7.1 per cent since then. Will the interest rate of the Public Provident Fund (PPF) increase in July-September quarter? The interest rates of small savings schemes are linked to yields of 10-year Government Securities in the secondary market. To know whether there will be a hike in PPF interest for the next quarter, you need to understand how the interest rate is calculated. Take a look ...Less
- Senior Citizen Savings Scheme vs FDs: Which offers highest interest rate?
If you're a senior citizen looking to make an investment here is a comparison of the interest rates offer ...More
If you're a senior citizen looking to make an investment here is a comparison of the interest rates offered by SCSS and major banks like SBI, HDFC Bank, ICICI Bank, PNB, Axis, and Yes Bank for FDs with a 5-year term. ...Less
- New Mahila Samman Savings Certificate scheme has 500k Takers
The New Mahila Samman Savings Certificate scheme opened for subscriptions from April 1 and are is current ...More
The New Mahila Samman Savings Certificate scheme opened for subscriptions from April 1 and are is currently available only through post offices. The scheme offers a fixed interest rate of 7.5% ...Less
- Do you have to pay penalty for premature withdrawal from Senior Citizen Savings Scheme?
Do you have to pay penalty for premature withdrawal from Senior Citizen Savings Scheme? ...More
Do you have to pay penalty for premature withdrawal from Senior Citizen Savings Scheme? ...Less
- Senior Citizen Savings Scheme (SCSS): Know all about TDS applicability
Senior Citizen Savings Scheme (SCSS): Know all about TDS applicability ...More
Senior Citizen Savings Scheme (SCSS): Know all about TDS applicability ...Less
- Higher investment limit in saving schemes aimed at benefiting senior citizens, middle class: Fin Secy
The top bureaucrat in the finance ministry said the decision to revise the ceilings will come at a cost a ...More
The top bureaucrat in the finance ministry said the decision to revise the ceilings will come at a cost as the government can raise funds at a cheaper rate compared to the 8 per cent interest that it gives under the Senior Citizen Savings Scheme. "Taking into account the welfare of senior citizens, for whom fixed income instruments are the main source of income... it was decided that this is a cost which the government should bear and therefore the ceilings were increased," he said. ...Less
- Senior Citizens’ Savings Scheme: Disadvantages of SCSS you should know before investing
Assured income, protection of capital and regular payouts is what makes it attractive. The Senior Citizen ...More
Assured income, protection of capital and regular payouts is what makes it attractive. The Senior Citizens' Saving Scheme (SCSS) also provides tax benefits under Section 80C and allows for early withdrawals. ...Less
- Govt doubles deposit limit for Senior Citizen Savings Scheme to Rs 30 lakh
"The maximum deposit limit for Senior Citizen Savings Scheme will be enhanced from Rs 15 lakh to Rs 30 la ...More
"The maximum deposit limit for Senior Citizen Savings Scheme will be enhanced from Rs 15 lakh to Rs 30 lakh," the minister said in her 87-minute long speech. ...Less
- Senior Citizen Savings Scheme's investment limit increased to Rs 30 lakh: Budget 2023
Senior Citizen Savings Scheme (SCSS) Investment Limit: For the quarter ending March 31, 2023, the governm ...More
Senior Citizen Savings Scheme (SCSS) Investment Limit: For the quarter ending March 31, 2023, the government has raised the interest rate for the Senior Citizen Savings Scheme (SCSS) to 8%. ...Less
- Can Senior Citizen Savings Scheme account be closed anytime? What are the penalties for premature withdrawal
Depositors are allowed to open multiple accounts under this plan, with a cumulative maximum limit of Rs. ...More
Depositors are allowed to open multiple accounts under this plan, with a cumulative maximum limit of Rs. 30 lakhs for all accounts. The SCSS account was designed exclusively for seniors who want to save for the future. ...Less
- Premature withdrawal rules of 10 post office schemes: PPF, NSC, Senior Citizens Savings Scheme, Mahila Samman Savings Certificate
The government of India revises the interest rates on these small savings scheme every quarter. Currently ...More
The government of India revises the interest rates on these small savings scheme every quarter. Currently, the India Post offers ten plans to meet the various demands of individuals and their investing goal. ...Less
- Latest PPF, Senior Citizen Savings Scheme, POTD, other small savings schemes interest rates
Latest PPF, Senior Citizen Savings Scheme, POTD, other small savings schemes interest rates ...More
Latest PPF, Senior Citizen Savings Scheme, POTD, other small savings schemes interest rates ...Less
- Senior Citizen Savings Scheme vs high interest rate bank FDs: Where should you invest?
The interest rate on SCSS was revised from 7.4% to 7.6% which is at present the highest interest rate off ...More
The interest rate on SCSS was revised from 7.4% to 7.6% which is at present the highest interest rate offered by a small savings scheme. Many smaller private sector banks and small finance banks are now offering FD interest rates high as 9%. Rise in FD interest rate is expected to continue in next few months. Will SCSS remain competitive to FDs or should you prefer FDs now. ...Less
- PAN, Aadhaar become mandatory for making investments in PPF, NSC, other small savings schemes
Earlier, the investment in post office schemes or small savings scheme could be done with Aadhaar number. ...More
Earlier, the investment in post office schemes or small savings scheme could be done with Aadhaar number. This was done by using any other official valid documents. However, from now on investment in small savings scheme will be done if PAN and Aadhaar is submitted by the individual at the time of making investment. ...Less
- Senior Citizen Savings Scheme, Sukanya Samriddhi, NSC interest rates hiked by up to 70 bps for June 2023 quarter
Here is a look at the interest rates on various small savings schemes for the first quarter of FY 2023-24 ...More
Here is a look at the interest rates on various small savings schemes for the first quarter of FY 2023-24. ...Less
- How to open Senior Citizens’ Savings Scheme account
How to open Senior Citizens¡¯ Savings Scheme account ...More
How to open Senior Citizens¡¯ Savings Scheme account ...Less
- Three changes in post office schemes from April 1, 2023
Here are the changes if you are an individual who has invested in the Senior Citizen Savings Scheme (SCSS ...More
Here are the changes if you are an individual who has invested in the Senior Citizen Savings Scheme (SCSS) or the Post Office Monthly Income Scheme (POMIS) or are planning to do so: ...Less
- Invest up to Rs 30 lakh in Senior Citizen Savings Scheme from Apr 1, 2023: What is SCSS, tax benefits, withdrawals, interest rate
Seniors can invest up to Rs 30 lakh in the post office's Senior Citizen Savings Scheme (SCSS) beginning A ...More
Seniors can invest up to Rs 30 lakh in the post office's Senior Citizen Savings Scheme (SCSS) beginning April 1, 2023, as proposed by Finance Minister Nirmala Sitharaman. ...Less
- Top 7 investment options for senior citizens who want regular income
Here are seven popular investment options that senior citizens can consider for a regular income. ...More
Here are seven popular investment options that senior citizens can consider for a regular income. ...Less
- Senior Citizen Savings Scheme (SCSS) vs Senior Citizens Special FDs: Which offers best returns?
Banks including the State Bank of India (SBI), ICICI Bank, and HDFC Bank offer special fixed deposits to ...More
Banks including the State Bank of India (SBI), ICICI Bank, and HDFC Bank offer special fixed deposits to senior citizens with a higher interest rate for a specific tenure. ...Less
- PPF, SCSS, Sukanya Samriddhi, other small savings schemes: What happens if an accountholder dies without nominee; govt clarifies
PPF, SCSS, Sukanya Samriddhi, other small savings schemes: The Finance Bill 2023 has proposed to amend th ...More
PPF, SCSS, Sukanya Samriddhi, other small savings schemes: The Finance Bill 2023 has proposed to amend the Government Savings Promotion Act, of 1873 to clarify who will get money if the small savings scheme account holder dies without nomination. The Government Savings Promotion Act, of 1873 covers the Public Provident Fund, Sukanya Samriddhi, Senior Citizens Savings Scheme, National Savings Certificate, Post Office Time Deposits, Kisan Vikas Patra, Post Office Monthly Income Scheme and more. ...Less
- Is it the right time to sell my mutual funds?
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by o ...More
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts. ...Less
- Senior citizens can invest extra Rs 15 lakh in SCSS from April 1, 2023 but PMVVY to close from same date
PMVVY currently offers retirees the option of investing up to Rs 15 lakh to earn near-risk-free returns. ...More
PMVVY currently offers retirees the option of investing up to Rs 15 lakh to earn near-risk-free returns. However, till now there has been no announcement of it being extended. Therefore, as things stand today while senior citizens would be able to invest an extra Rs 15 lakh in SCSS from April 1, 2023, the other avenue of investing Rs 15 lakh in a similar scheme would close. ...Less
- Mahila Samman Savings Certificate offers higher interest than bank FDs, most other post office schemes; check details
Mahila Samman Savings Certificate (MSSC) is a one-time small savings scheme for women investors. Through ...More
Mahila Samman Savings Certificate (MSSC) is a one-time small savings scheme for women investors. Through this scheme, individuals can make deposits in the name of a woman or a girl child. Investors can earn a fixed interest rate of 7.5 per cent under this scheme. Should you invest in Mahila Samman Savings Certificate scheme? ...Less
- Dhirendra Kumar on what surprised and what disappointed him in Budget 2023
"The government has only been an enabler and if you look at all the digital stack which is being talked a ...More
"The government has only been an enabler and if you look at all the digital stack which is being talked about all over the world, that is actually one of the biggest enablers in terms of the investors being able to participate so seamlessly. If you look at all the announcements that have happened about the digital transaction and about the fintechs, the way they can actually participate, there is going to be a single source of all the information from where the digital enablement will happen." ...Less
- New small savings scheme for women, Mahila Samman Savings Certificate, launched
Mahila Samman Savings Certificate: A new small savings scheme has been announced in the Budget 2023. ...More
Mahila Samman Savings Certificate: A new small savings scheme has been announced in the Budget 2023. ...Less
- Best investment options for senior citizens who want regular income after retirement
To ensure a consistent income stream and tax advantages, here are a few senior citizen investment choices ...More
To ensure a consistent income stream and tax advantages, here are a few senior citizen investment choices to consider. ...Less
- What is the latest Senior Citizens’ Saving Scheme interest rate?
The Senior Citizens' Savings Scheme (SCSS), a government initiative that offers quarterly interest paymen ...More
The Senior Citizens' Savings Scheme (SCSS), a government initiative that offers quarterly interest payments, allows seniors to save money. ...Less
- How to close a frozen PPF, Senior Citizen Savings Scheme, other small savings scheme account
The Department of Posts decided to freeze certain small savings scheme accounts that had matured as of Se ...More
The Department of Posts decided to freeze certain small savings scheme accounts that had matured as of September 30, 2019, but had not yet been closed, according to a notification dated December 15, 2022. ...Less
- Senior Citizen Saving Scheme interest rate hiked for Oct-Dec quarter: What is the latest SCSS rate
For the third quarter (October to December) of the current fiscal year, the government has increased the ...More
For the third quarter (October to December) of the current fiscal year, the government has increased the interest rates on a few small savings schemes. ...Less
- Senior Citizens’ Savings Scheme: Govt clarifies on interest rate payable after death of SCSS account holder
The SCSS's interest rate is determined by government policy, and it provides account holders with a consi ...More
The SCSS's interest rate is determined by government policy, and it provides account holders with a consistent income during their retirement. ...Less
- Senior Citizens’ Savings Scheme: Who can invest, how to open SCSS account
An SCSS account can be opened at an authorised bank. It's a good idea to check with your bank whether it ...More
An SCSS account can be opened at an authorised bank. It's a good idea to check with your bank whether it offers this facility. An SCSS account can be opened at a post office too. ...Less
- Why ageing citizenry is a challenge across the globe, particularly for India
???From 5% of the population in 1950, senior citizens were close to 10% of the population by 2016, and th ...More
???From 5% of the population in 1950, senior citizens were close to 10% of the population by 2016, and this is estimated to rise to 19% by 2050, when about one in five Indians will be 60 years or older, according to the UN, which declared October 1 as International Day of Older Persons. ...Less
- Budget 2023 impact: 100% rise in interest income from Senior Citizens Saving Scheme (SCSS), POMIS
. The deposit limit in the Senior Citizens¡¯ Saving Scheme (SCSS) and the Post Office Monthly Income Schem ...More
. The deposit limit in the Senior Citizens¡¯ Saving Scheme (SCSS) and the Post Office Monthly Income Scheme (POMIS) has been doubled, allowing the seniors to potentially increase their income from interest by 100% if fully invested. ...Less
- Senior Citizens' Savings Scheme latest interest rate
You can open a Senior Citizens' Savings Scheme (SCSS) account alone or with your spouse at any bank or po ...More
You can open a Senior Citizens' Savings Scheme (SCSS) account alone or with your spouse at any bank or post office. SCSS has a 7.4 percent interest rate for the quarter ending March 31, 2022. ...Less
- PPF, NSC, other post office schemes interest rates remain unchanged for September 30, 2022 quarter
Here is a look at the interest rates of various small savings schemes for the second quarter of FY 2022-2 ...More
Here is a look at the interest rates of various small savings schemes for the second quarter of FY 2022-23. ...Less
- PMVVY pension scheme: This important feature is due for reset on April 1
Currently, the interest rate offered on Pradhan Mantri Vaya Vandana Yojana or PMVVY is 7.4% a year. The i ...More
Currently, the interest rate offered on Pradhan Mantri Vaya Vandana Yojana or PMVVY is 7.4% a year. The interest rate has been kept unchanged since FY 2020-21. ...Less
- Senior Citizen Savings Scheme, Post office time deposits, NSC interest rates hiked by up to 110 bps for March quarter
The government has hiked the interest rates of a few small savings schemes by between 20 bps and 110 bps ...More
The government has hiked the interest rates of a few small savings schemes by between 20 bps and 110 bps for the January-March 2023 quarter. Here is a look at the interest rates on various small savings schemes for the fourth quarter of FY 2022-23. ...Less
- Last date to link savings account with MIS, SCSS, post office time deposit to get credit of interest
Interest earned on MIS, SCSS, TD schemes will only be credited to the investor's post office savings acco ...More
Interest earned on MIS, SCSS, TD schemes will only be credited to the investor's post office savings account or bank account linked to the scheme beginning April 1, 2022, according to DoP. ...Less
- What is Senior Citizens’ Savings Scheme?
Senior Citizen Savings Scheme is a government-backed scheme. The current interest rate applicable to SCSS ...More
Senior Citizen Savings Scheme is a government-backed scheme. The current interest rate applicable to SCSS is 7.4%. Tax benefits under Section 80C are available but interest is fully taxable. ...Less
- What are the rules of TDS deduction in Senior Citizens’ Savings Scheme
The Government of India has amended Section 194A of the Income Tax Act, 1961, and as a result, the total ...More
The Government of India has amended Section 194A of the Income Tax Act, 1961, and as a result, the total interest income payable in a Financial Year for all SCSS account holders under the age of 60 has been revised from Rs. 10,000 to Rs. 40,000 for the purpose of TDS deduction. ...Less
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