Senior Citizen Savings Scheme News
Small savings schemes: Interest rates on PPF, SSY, SCSS remain unchanged for January-March quarter; Check rates
Small savings schemes: The interest rates for small savings schemes have remained unchanged for the last four quarters. The government last made changes for some schemes in the fourth quarter of last fiscal.
2 min read31 Dec 2024Senior Citizen Savings Scheme soars over two times
The upper deposit limit for the Senior Citizen Savings Scheme has been increased to ₹30 lakh from ₹15 lakh, with the revised limit in effect from April 1, 2023.
1 min read28 Feb 2024Budget 2023: Government raises interest rate on Senior Citizens’ Savings Scheme to 8%; all you need to know
The Union Finance Minister Nirmala Sitharaman announced reforms in the Budget 2023, allowing senior citizens to save and invest more for their future. The Senior Citizens’ Savings Scheme (SCSS) has been enhanced from Rs 15 lakh to Rs 30 lakh, with an interest rate of 8%. The maximum deposit limit for the monthly income accounts scheme has also been increased from Rs 4.5 lakh to Rs 9 lakh for single accounts and Rs 9 lakh to Rs 15 lakh for joint accounts.
1 min read1 Feb 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared