SCSS – Report Wire

May 2023
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The SCSS interest rate was raised to 8% in December for the last quarter of the fiscal year 2022-23, which is substantially higher than the elevated inflation levels. (Mint)

3 min read

How senior residents can take advantage of from SCSS scheme from FY23-24?

Senior Citizen Savings Scheme (SCSS) is a government-backed financial savings scheme in India for senior residents 60 years of age...

In December, the interest rate for the SCSS for the last quarter of the fiscal year 2022–23 was changed.

2 min read

Senior Citizen Savings Scheme: Will govt hike SCSS rate of interest above 8%

Senior Citizen Savings Scheme (SCSS) rate of interest: Given the following revision of the rates of interest of Small Savings...

8 min read

How senior residents can take advantage of from a portfolio of SCSS & PMVVY schemes?

On the opposite hand, the PMVVY scheme would provide a assured pension of seven.40% p.a. payable month-to-month for the monetary...

Ways to save income tax by investing in your child's name

6 min read

How to create a debt portfolio that may fetch 8% plus returns

With the Reserve Bank of India (RBI) growing rates of interest since May, mounted earnings merchandise—mounted deposits (FDs), bonds, and...

The interest rate on SCSS has been hiked by 40 bps to 8%. Experts say it’s a good opportunity for senior citizens (Photo: Mint)

4 min read

Senior residents alert! rates of interest go up on small financial savings schemes

Investors in small financial savings schemes have a purpose to rejoice, particularly if they're senior residents. Interest charges on 5...

The Senior Citizen Savings Scheme (SCSS) is a government-backed, risk-free post office scheme. (Mint)

4 min read

How senior residents can recover from ₹2 lakh annual revenue by means of SCSS?

Elderly people trying to find assured revenue for his or her golden years are nonetheless discovering put up workplace schemes...

Small Savings Schemes are preferable to bank fixed deposits in increasing interest rate environments because they have quarterly interest rate revisions as opposed to fixed interest rates of bank fixed deposits. (Photo: iStock)

4 min read

3 submit workplace schemes give larger returns than financial institution FDs with 80C deductions

Debt traders are scrambling to seek out banks giving higher rates of interest as financial institution mounted deposit charges are...

The balance amount you can invest in Floating Rate Saving Bonds of Reserve Bank of India. (Mint)

2 min read

My PPF account has matured. How to get common revenue at greater price vs financial institution FDs

The PPF accounts of myself (73 years) and my spouse (67 years) have matured just lately. We each have been...

The interest on Post Office Monthly Income Scheme (MIS), Senior Citizen Savings Scheme (SCSC) and term deposit will not be handed out in cash.

2 min read

Post workplace financial savings schemes: How to hyperlink your checking account with MIS, SCSS and TD

The curiosity on Post Office Monthly Income Scheme (MIS), Senior Citizen Savings Scheme (SCSC) and time period deposit is not...

Beginning April 1, 2022, the interest on Post Office MIS, SCSC or term deposit will not be handed out in cash but rather in the savings accounts.

1 min read

Post Office financial savings schemes: What modifications for MIS, SCSS and FD account holders

Beginning April 1, 2022, the curiosity on Post Office MIS, SCSC or time period deposit won't be handed out in...

Post office saving schemes: Interest credited to a savings account earns additional interest if it is not withdrawn directly from an MIS/SCSS/TD account.

2 min read

Post workplace saving schemes alert: MIS, SCSS and FD account holders should do that

The authorities has made it necessary for using a financial savings account for the credit score of month-to-month, quarterly, yearly...

3 min read

7 greatest cash making choices in 2022: Take your choose

The 12 months 2021 was turbulent as a result of covid pandemic. But the havoc created by the virus had...

2 min read

A portfolio diversified throughout asset lessons, and AMCs can fetch good returns

NEW DELHI : I'm a retired state authorities worker receiving a pension about ₹1 lakh per thirty days. Besides I've...

2 min read

Should I purchase capital good points bonds or pay tax and put money into PMVVY?

I'm 70-year-old and have gotten long run capital achieve cash of ₹15 lacs by promoting 30-year-old residential property. I've the...

3 min read

Will your PPF, NSC, SCSS see rate of interest lower? Know what specialists are saying

NEW DELHI: Interest charges on small saving schemes (SSS) resembling Public Provident Funds (PPF), Senior Citizens Saving Schemes (SCSS), National...

2 min read

When you’ll be able to open Senior Citizen Savings Scheme earlier than reaching 60

I've taken early retirement on 31.12.2020 at 56. I had obtained a part of my retirement dues at the moment....

5 min read

Safe investments choices for senior residents throughout low rate of interest regime

With rates of interest coming down continually through the years, senior residents with restricted corpus discover it tough to make...

2 min read

EPF, PPF rate of interest ought to be equal — suggests SBI analysis staff

The State Bank of India (SBI) financial analysis staff led by Dr. Soumya Kanti Ghosh has suggested Government of India...

2 min read

Is this a superb time to lock cash in SCSS?

Rising inflation and falling rates of interest have been a double whammy for senior residents, particularly those that rely on...

2 min read

Know how lengthy it takes to your PPF, NSC, SCSS investments to double

NEW DELHI: If you need to know the way lengthy it takes to your funding to double, it is best...

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