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Senior Citizen Savings Scheme News

08 Mar 2024

PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi Latest Rates Announced

Interest rates of these small savings scheme will remain unchanged for the first quarter of the next fiscal, beginning April 1, 2024, a notification issued by the finance ministry has said.

Post Office saving schemes

31 Mar 2023

Govt Raises Interest Rates On Post Office, Other Small Saving Schemes

The new rate for the girl child savings scheme Sukanya Samriddhi has been increased to 8 percent from 7.6 percent.

Post Office saving schemes

30 Dec 2022

Central Govt hikes interest on Post office senior citizen savings scheme, NSC

Govt hikes interest rate on post office savings schemes on Friday. Interest rate on senior citizen savings scheme and Kisan Vikas Patra hikes up to 1.1%. This is the second quarter of an increase in a row in interest rates for some schemes.

07 Oct 2022

Invest only Rs 1000 to get Rs 14 lakh on maturity, check details

Currently, Post Office is providing a 7.4 per cent interest on investments made under Senior Citizen Savings Scheme. The scheme could fit the bill for recent retirees as one has to make one time investments in the investment policy.

Senior Citizen Savings Scheme

02 Oct 2022

Good News for Sr Citizens! Now earn more from Senior Citizen Savings Scheme

The government increased rate of interest on key saving schemes Senior Citizen Saving Scheme witnessed a hike of 20 bps Kisan Vikas Patra saw change in interest rates as well as maturity tenor

Senior Citizen Savings Scheme

29 Apr 2022

THIS savings scheme gives 7.4% interest per annum; Check benefits and more

A minimum deposit of Rs 1,000 is required to start a SCSS account. This scheme has a five-year maturity period, but it can be extended for another three years. The SCSS account will earn interest at the rate of a general savings account from the date of death.

17 Apr 2022

PPF vs Bank FDs: Which one is offering better returns? Details here

Small Savings Schemes are government-managed savings vehicles designed to encourage residents to save consistently. Saving certificates such as National Saving Certificates and Kisan Vikas Patra are also included. The interest rate on savings accounts at the post office is 4% per year.

Post Office saving schemes

06 Mar 2022

THESE Post Office schemes offering better returns: Check details

Post Office Saving Schemes are higher-yielding investment tools than fixed deposits. While fixed deposits are secured by banks, the interest rate and tax benefits are not as great as Post Office Saving Schemes. The government backs the post office programmes, which provide interest rates ranging from 5.5 percent to 7.6 percent.

10 Dec 2021

Post Office SCSS Policy: Start investing with only Rs 1000; can get Rs 14 lakh

Investors aged 60 or above can only open accounts in SCSS. However, you can also invest in the policy if you have opted for Voluntary Retirement Scheme (VRS). Post Office is providing a 7.4 per cent interest on investments made under Senior Citizen Savings Scheme.

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