December 25, 2024 06:46 pm (IST)
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Senior Citizen Savings Scheme: Current Interest Rates and Key Features

Senior Citizen Savings Scheme: Current Interest Rates and Key Features

Dec 24, 2024, at 01:20 pm

The Senior Citizen Savings Scheme (SCSS) is a popular government-backed savings instrument designed to provide senior citizens with a secure investment avenue and regular income. For those seeking a reliable investment option during their retirement years, SCSS combines safety, attractive interest rates, and tax benefits, making it an ideal choice for financial planning in the golden years. Let us delve into the current interest rates, key features, and why the SCSS is an excellent alternative to fixed deposits (FDs) for senior citizens.