Senior citizens alert! interest rates go up on small savings schemes
1 year, 11 months ago

Senior citizens alert! interest rates go up on small savings schemes

Live Mint  

Investors in small savings schemes have a reason to rejoice, especially if they are senior citizens. Interest rates on five small savings schemes—Senior Citizen Savings Scheme, National Savings Certificate, Monthly Income Savings Scheme, Kisan Vikas Patra and post office time deposits—have been hiked by 20-110 basis points for the January-March quarter. The 8% interest rate on SCSS is higher by 25-50 bps than the highest fixed deposit rates offered by major banks to senior citizens. “Senior citizens should not fall for the bait of high rates offered by small co-operative banks and corporate FDs and just stick to major private and PSU banks," said Ashar. Senior citizens get a deduction up to ₹50,000 on interest income earned from small savings schemes and banks and post office deposits.

Tax Office Interest Rates Small Savings Schemes Senior Citizens Rate Rates Senior Deposits Bps Nsc Small Savings Fds Scss Ppf Debt Funds Bank Fds Citizens Interest Post Office Deposits  tax  alert  senior  office  small  savings  scss  deposits  schemes  rates  rate  citizens  interest  bps

History of this topic

Fixed Deposits for senior citizens: Check top private banks offering highest interest rates | Full list
3 weeks, 6 days ago

Fixed Deposits for senior citizens: Check top private banks offering highest interest rates | Full list

India TV News  

Fixed Deposits for senior citizens: For investors prioritising the safety of their funds, Fixed Deposits remain a preferred investment option. Private banks currently offer attractive interest rates for senior citizens, providing an extra 0.25 per cent to 0.50 per cent interest over standard rates. List of private banks offering maximum interest to senior citizens on FDs: Bank Interest rate for …

Senior citizen fixed deposits: List of banks that offer best interest rate in November 2024
1 month ago

Senior citizen fixed deposits: List of banks that offer best interest rate in November 2024

India TV News  

Fixed Deposits have always been a trusted investment option for senior citizens as these FDs offer good returns with high security. Senior Citizen FDs also offer higher interest rates and additional benefits, making them a popular choice among retirees. Senior Citizen FDs: Check details Banks and NBFCs are offering Senior Citizen Fixed Deposits exclusively for individuals aged 60 and above. …

Public Provident Fund vs Sukanya Samriddhi Yojana vs Post Office Fixed Deposit: Latest interest rates compared
1 month ago

Public Provident Fund vs Sukanya Samriddhi Yojana vs Post Office Fixed Deposit: Latest interest rates compared

Live Mint  

Saving is a vital part of life, whether for retirement or building an emergency fund. Here, we compare the most recent interest rates for Post Office Fixed Deposits, Sukanya Samriddhi Yojana, and PPF. Sukanya Samriddhi Yojana latest interest rates Sukanya Samriddhi account is a popular savings option for Indian parents of daughters. Post Office Fixed Deposit's latest interest rates The …

PPF, Post Office Deposits, SSY: Govt Keeps Interest Rates Unchanged On Small Savings Schemes for Q2 FY25
5 months, 3 weeks ago

PPF, Post Office Deposits, SSY: Govt Keeps Interest Rates Unchanged On Small Savings Schemes for Q2 FY25

News 18  

The government on Friday kept the interest rates unchanged on small savings schemes, including Public Provident Fund, Sukanya Samriddhi Yojana, Senior Citizens Savings Schemes and post office time deposits, for July-September 2024, according to a notification by the finance ministry on Friday. Interest rates on small savings schemes like PPF, post office savings and term deposits, NSC and SSY, are …

Here are the latest interest rates of PPF, NSC, KVP, SSY and other small savings schemes from April 1 onwards
8 months, 3 weeks ago

Here are the latest interest rates of PPF, NSC, KVP, SSY and other small savings schemes from April 1 onwards

Live Mint  

Within fixed-income instruments, small savings schemes such as PPF, SSY, NSC, and KVP are quite popular among investors thanks to the fixed and assured returns they offer. Within fixed-income instruments, small savings schemes are the ones which are quite popular among the masses, and many investors opt for them for the fixed and assured returns they offer. {{^adFree}} {{/adFree}} It …

Small Savings Schemes: What are the latest interest rates offered? Detailed comparison
9 months, 3 weeks ago

Small Savings Schemes: What are the latest interest rates offered? Detailed comparison

Live Mint  

Small savings schemes are financial instruments managed by the Central government to encourage households to inculcate the habit of saving. A lowdown on small savings scheme Post Office Savings Account: It can be opened by making a minimum deposit of ₹500 while minimum withdrawal amount is ₹50. The interest rate offered is 4 percent per annum on individual/ joint accounts …

Senior citizens savings scheme collection spikes, PPF rates remain same
1 year, 2 months ago

Senior citizens savings scheme collection spikes, PPF rates remain same

Live Mint  

Total collections made under small savings schemes witnessed a jump in September quarter, with deposits for the Senior Citizens Savings Scheme rising nearly 2.5 times year-on-year to ₹74,675 crore, reported Indian Express. The interest rate for Senior Citizens Savings Scheme was raised to 8.2 per cent from 8 per cent in June quarter this year and has been kept unchanged …

Small Savings Schemes: Govt Likely To Keep Interest Rates Unchanged For October-December 2023, Says Expert
1 year, 3 months ago

Small Savings Schemes: Govt Likely To Keep Interest Rates Unchanged For October-December 2023, Says Expert

News 18  

Even as the interest rates on small savings schemes, including PPF, NSC and KVP, are reviewed every quarter, the government will revise interest rates on such schemes for October-December 2023 at the end of this month — September 29 or September 30. An expert said that going by the G-Sec yields trend, the interest rates on small savings schemes are …

All You Need To Know About Govt's Senior Citizen Savings Scheme
1 year, 7 months ago

All You Need To Know About Govt's Senior Citizen Savings Scheme

News 18  

The Senior Citizen Savings Scheme has been launched by the government to help elderly people save more money for their later years. Senior Citizen Savings Scheme investments receive 8.2% interest from banks and post offices. Seniors now have more investment options than ever, thanks to SCSS’s current interest rate of 8.2%, but those who opened accounts in the programme earlier …

No small change: on the raising of returns on small savings schemes
1 year, 8 months ago

No small change: on the raising of returns on small savings schemes

The Hindu  

Indian households’ financial surpluses parked in small savings schemes operated by banks and post offices got a significant fillip this quarter, with the government raising the returns on most such schemes by 0.1 to 0.7 percentage points. For October 2022 to December 2022, a mere 0.1 to 0.3 percentage hike was announced on just five of the dozen small savings …

Despite hikes, small savings scheme rates still to catch up
1 year, 8 months ago

Despite hikes, small savings scheme rates still to catch up

The Hindu  

Despite successive hikes in the interest rates on several small savings instruments in the last three quarters, the returns on five such schemes are still significantly lower than what they should have fetched as per the formula adopted for them. For the current quarter, interest rates on most small savings instruments were raised by 10-70 bps, barring the Public Provident …

PPF, Sukanya Samriddhi Account interest rate hike may remain elusive
1 year, 8 months ago

PPF, Sukanya Samriddhi Account interest rate hike may remain elusive

The Hindu  

Investors in the popular small saving schemes Public Provident Fund and Sukanya Samriddhi Account, whose rates have not been hiked since January 2019, are unlikely to get higher returns anytime soon, a top government official has indicated. The last time the PPF and SSA rates were tweaked was when they were slashed sharply in April 2020 along with the returns …

Govt Likely To Revise Interest Rates For Senior Citizen Savings Scheme, Details Here
1 year, 9 months ago

Govt Likely To Revise Interest Rates For Senior Citizen Savings Scheme, Details Here

News 18  

The Central government is likely to revise the interest rate on the Senior Citizen Savings Scheme as the next revision of the interest rates on Small Savings Schemes is due by the end of this month. The senior citizens are also hopeful that the government may announce an increase in the SCSS interest rate along with the revised interest rate …

How senior citizens can make the most from a portfolio of SCSS & PMVVY schemes?
1 year, 9 months ago

How senior citizens can make the most from a portfolio of SCSS & PMVVY schemes?

Live Mint  

The two most well-liked government-backed initiatives for elderly adults during the prevailing interest rate regime are the Senior Citizen Savings Scheme and Pradhan Mantri Vaya Vandana Yojana. The Finance Minister Nirmala said on February 1, 2023, during the presentation of the Union Budget, that the Senior Citizens Savings Scheme's maximum deposit limit will increase from Rs. Nirmala Sitharaman, has increased …

Bank FD vs Senior Citizen Savings Scheme (SCSS): Latest interest rates here
1 year, 10 months ago

Bank FD vs Senior Citizen Savings Scheme (SCSS): Latest interest rates here

Live Mint  

Bank FD vs SCSS: The Senior Citizen Savings Scheme was a big support for senior citizens during the covid pandemic when most of the banks were offering a low interest rate around 6% to senior citizens on long term fixed deposits.However, things have changed since May 2022 as banks have been hiking their interest rates on deposits as the Reserve …

Senior Citizens Savings Scheme: Govt To Mop Up Rs 75,000 Crore in FY24, Know About this Scheme
1 year, 10 months ago

Senior Citizens Savings Scheme: Govt To Mop Up Rs 75,000 Crore in FY24, Know About this Scheme

News 18  

The maximum investable amount of the senior citizen savings scheme could mobilise Rs 75,000 crore. To open the account under the senior citizen savings scheme, minimum deposit of Rs 1,000 is required in the multiples thereof with maximum deposit of Rs 30 lakh. Senior Citizens Savings Scheme Interest Rate Interest shall be payable from the date of deposit to 31st …

Finance Secretary defends higher investment limit in saving schemes, says…
1 year, 10 months ago

Finance Secretary defends higher investment limit in saving schemes, says…

Hindustan Times  

The decision to raise the investment ceilings in small savings schemes is aimed at benefiting senior citizens and the middle class who park funds in safe government deposit schemes offering higher returns than banks, Finance Secretary TV Somanathan has said. The government every quarter reviews and fixes the interest rate for small savings schemes The Budget 2023-24 raised the maximum …

Budget 2023: Senior Citizens Savings Scheme; Rs 30 lakh Deposit Limit, Check Interest Rate And Other Details
1 year, 10 months ago

Budget 2023: Senior Citizens Savings Scheme; Rs 30 lakh Deposit Limit, Check Interest Rate And Other Details

News 18  

For empowerment of senior citizens, the Union Budget 2023-24 announced that the maximum deposit limit for Senior Citizens Savings Scheme will be enhanced from the current Rs 15 lakh to Rs 30 lakh. Senior Citizens Savings Scheme interest rate Interest shall be payable from the date of deposit to 31st March/ 30th June/30th September/31st December on 1st working day of …

Budget 2023: Government raises interest rate on Senior Citizens’ Savings Scheme to 8%; all you need to know
1 year, 10 months ago

Budget 2023: Government raises interest rate on Senior Citizens’ Savings Scheme to 8%; all you need to know

Live Mint  

Senior citizens have a lot to rejoice with as the Union Finance Minister Nirmala Sitharaman announced reforms in the Budget 2023, allowing senior citizens to save and invest more for their future. The maximum deposit level of the Senior Citizens' Saving Scheme has been enhanced from Rs 15 lakh to Rs 30 lakh. The Union Budget 2023 has proposed to …

Fixed deposit rates of banks touch 8 per cent after 3 years
1 year, 11 months ago

Fixed deposit rates of banks touch 8 per cent after 3 years

India TV News  

For the first time in the past three years, senior citizens are seeing returns of 8 percent and more on fixed deposits. "Breaking an existing FD may be beneficial to some customers who have invested in FD that don't carry a penalty for premature withdrawal," said Gaurav Gupta, founder, and CEO of lending platform Money Wide, reports TOI. Since India's …

Interest Rate Hike On Post Office Time Deposits, Senior Citizen Savings Schemes, NSC Applicable From Today. Check Details
1 year, 11 months ago

Interest Rate Hike On Post Office Time Deposits, Senior Citizen Savings Schemes, NSC Applicable From Today. Check Details

ABP News  

New Delhi: The interest rate hike announced on small deposits including post office term deposits, NSC, and senior citizen savings scheme will be effective from today. What Investors Stand To Gain With the revision, National Savings Certificate will yield a 7 per cent interest rate from January 1 compared to 6.8 per cent at present. Similarly, the senior citizen savings …

Govt hikes interest rates on small deposits, NSC and post office deposits from Jan 1; no change in PPF rate
1 year, 11 months ago

Govt hikes interest rates on small deposits, NSC and post office deposits from Jan 1; no change in PPF rate

India TV News  

Interest rates hike: In accordance with firming interest rates in the economy, the Central government on Friday hiked the interest rates on small deposits by up to 1.1 percentage points from January 1. According to reports, the interest rates have also been raised on post office term deposits, National Saving Certificate and senior citizen savings schemes. However, the interest rates …

Senior citizens to get up to 7.6 % return on FDs from these private sector banks
2 years, 2 months ago

Senior citizens to get up to 7.6 % return on FDs from these private sector banks

Firstpost  

Here, we have come up with some options for some leading private-sector banks which have been offering higher interest rates After the Reserve Bank of India raised the repo rate by 0.50 per cent to 5.90 per cent to contain inflation, banks have boosted their lending and deposit rates to meet the demand for credit. It currently offers senior citizens …

PPF, KVP, Post Office Deposits; Check Latest Interest Rates On Small Savings Schemes
2 years, 2 months ago

PPF, KVP, Post Office Deposits; Check Latest Interest Rates On Small Savings Schemes

News 18  

Latest Interest Rates On Small Savings Schemes: After over two years of remaining unchanged, the government has revised upwards the interest rates on small savings schemes, including Kisan Vikas Patra and time deposits, up to 30 basis points for October-December 2022. Interest rates have been revised upwards for Kishan Vikas Patra, senior citizens savings scheme, monthly income account scheme, and …

Small savings rates raised by 10-30 bps; PPF, NSC excluded
2 years, 2 months ago

Small savings rates raised by 10-30 bps; PPF, NSC excluded

Deccan Chronicle  

New Delhi: After a gap of nine quarters, the central government on Thursday raised interest rates on a handful of small savings schemes that do not get income tax benefit. With the revision, a three-year time deposit with post offices would earn 5.8 per cent from the existing 5.5 per cent, for the third quarter of the current financial year. …

Small Savings Scheme: Will Govt Raise Interest Rates For October-December 2022?
2 years, 2 months ago

Small Savings Scheme: Will Govt Raise Interest Rates For October-December 2022?

News 18  

Interest rates on small savings schemes, including PPF, Sukanya Samriddhi Yojana and Senior Citizens Savings Scheme, have remained unchanged since the first quarter of 2020-21. A senior banker told news18.com that the government will monitor the country’s liquidity position and inflation before deciding on the interest rates of small savings schemes. The finance ministry had said, “The rates of interest …

These tax saving fixed deposits promise over 8% returns to senior citizens; details here
2 years, 3 months ago

These tax saving fixed deposits promise over 8% returns to senior citizens; details here

Firstpost  

Fixed deposit schemes are one of the safest investment options for elderly people. Some banks are offering over 8 per cent returns on tax-saving fixed deposits of 5 years. But, before investing in the scheme, you must note that the tax-saver fixed deposits have a lock-in period of 5 years. Here is all you need to know about some tax-saver …

These 3 banks are offering attractive FD schemes for senior citizens; details here
2 years, 4 months ago

These 3 banks are offering attractive FD schemes for senior citizens; details here

Firstpost  

Some banks have introduced new FD schemes for senior citizens, which can enable them to earn up to 8.15 percent interest on their deposits. Here are the schemes introduced: IDBI Bank: Under the Naman FD scheme, senior citizens will get 6.10 percent interest per annum on deposits below Rs 2 crore. IDBI Bank also offers an interest rate of 6.55 …

Senior Citizen? Want Better Returns Than FD, Tax Benefits, Regular Income Post Retirement? Do This
2 years, 5 months ago

Senior Citizen? Want Better Returns Than FD, Tax Benefits, Regular Income Post Retirement? Do This

News 18  

If you are a senior citizen and wants a regular stream of income and tax saving benefits, the Senior Citizens Savings Scheme is the scheme you should consider. It is a government retirement saving scheme that helps senior citizens receive quarterly interest payments along with tax benefits. For instance, Punjab National Bank offers interest rates in the range of 3.50-5.75 …

Senior Citizens Savings Scheme: Interest Rates, Tax Benefits, Who Can Invest, Key Details
2 years, 5 months ago

Senior Citizens Savings Scheme: Interest Rates, Tax Benefits, Who Can Invest, Key Details

News 18  

Senior Citizens Savings Scheme: The government has recently announced interest rates for several small savings schemes including the Public Provident Fund, Sukanya Samriddhi Yojana and the Senior Citizens Savings Scheme. What are the Features of Senior Citizens Savings Scheme -A person can open an SCSS account with a minimum deposit of Rs 1,000, while the maximum can be raised to …

PPF, Senior Citizen Scheme, Others: Want to Invest? Check How Much Return You Will Get
2 years, 5 months ago

PPF, Senior Citizen Scheme, Others: Want to Invest? Check How Much Return You Will Get

News 18  

Post Office Savings Scheme Interest Rates: The government has recently said in an order that the interest rates of various small savings schemes including Sukanya Samriddhi Yojana, Senior Citizens Savings Scheme and the Public Provident Fund, will remain unchanged for the July-September 2022 quarter even as inflation rates remained high in the country. As per the latest circular Public Provident …

Small savings schemes – an island in an ocean of rising rates
2 years, 5 months ago

Small savings schemes – an island in an ocean of rising rates

Live Mint  

Expectations were high, and probably rightly so, that the Ministry of Finance would announce a hike in the small savings scheme interest rates. Small savings schemes include many popular schemes such as the Post Office time deposits, the Public Provident Fund, the Senior Citizen Savings Scheme and the National Savings Certificate, among others. Deposit rates rising Ever since the Reserve …

PPF, Sukanya Samriddhi, Senior Citizen Scheme: Govt to Hike Rates for September Quarter?
2 years, 5 months ago

PPF, Sukanya Samriddhi, Senior Citizen Scheme: Govt to Hike Rates for September Quarter?

News 18  

Post Office Savings Scheme Interest Rates: Stock markets and cryptocurrencies have recently been volatile, with traders experiencing huge losses in several sessions. Small savings schemes, including post office savings schemes like PPF, SSY and senior citizens savings scheme have their interest rates set by the government at the beginning of each quarter. 5-year Monthly Income Account: 6.6 per cent Post …

EPF Interest At 4-Decade Low: Here're Current Rates Offered By PPF, NSC, Kisan Vikas Patra
2 years, 6 months ago

EPF Interest At 4-Decade Low: Here're Current Rates Offered By PPF, NSC, Kisan Vikas Patra

News 18  

The government has ratified a four-decade-low interest rate of 8.1 per cent on employees’ provident fund deposits for 2021-22. Post office savings deposits offer an interest rate of 4 per cent per annum, while time deposits of the tenure 1-3 years offer 5.5 per cent per annum. National Saving Certificates and Kisan Vikas Patra are offering annual interest rates of …

PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi Interest Rates May Hike Soon; Know Here
2 years, 6 months ago

PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi Interest Rates May Hike Soon; Know Here

News 18  

Post Office Savings Scheme: Lakhs of Indian citizens, especially those who have a low risk appetite, depend on various post office savings schemes designed for specific groups or individuals. Keeping that in mind, investors of the National Savings Certificate, Sukanya Samriddhi Yojana, Senior Citizens Savings Scheme or Public Provident Fund are likely to get a good news later next month. …

Senior Citizen Savings Scheme Offers 7.4% Interest per Annum; Know Eligibility, Other Benefits
2 years, 7 months ago

Senior Citizen Savings Scheme Offers 7.4% Interest per Annum; Know Eligibility, Other Benefits

News 18  

In India, senior citizens often depend on bank fixed deposits or recurring deposits for a regular income after their retirement. The Senior Citizen Savings Scheme, or SCSS, is a special savings scheme specifically designed for the older population. Features of Senior Citizens Savings Scheme -An individual can open an SCSS account with a minimum deposit of Rs 1,000, while the …

PPF, Senior Citizen Savings Scheme Offering Better Returns Than Bank FDs? Know In Details
2 years, 8 months ago

PPF, Senior Citizen Savings Scheme Offering Better Returns Than Bank FDs? Know In Details

News 18  

Even as fixed deposits are now giving slightly more returns than earlier since several banks have recently raised their interest rates on them, small savings schemes are still offering more attractive returns. The returns on small savings schemes, such as PPF, senior citizen savings scheme, National Savings Certificate and Sukanya Samriddhi Account Scheme, range between 4 per cent and 8.1 …

PPF, NSC, small savings schemes interest rates announced | Check full list
2 years, 8 months ago

PPF, NSC, small savings schemes interest rates announced | Check full list

India Today  

Interest rates on small savings schemes, including NSC, PPF, and Sukanya Samriddhi Yojana, were announced by the government on Thursday. PPF, NSC INTEREST RATES Public Provident Fund and National Savings Certificate will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively, in the first quarter. "The rate of interest on various small savings …

Post Office Savings Scheme Gives 7.4% Interest to Senior Citizens; Check Details Here
2 years, 8 months ago

Post Office Savings Scheme Gives 7.4% Interest to Senior Citizens; Check Details Here

News 18  

Post Office Savings Scheme: For senior citizens in India who want a stable income, investing in post office savings schemes is one of the most popular forms of investments. To ensure senior citizens get a fixed income after their retirement, the post office has in place the Senior Citizen Savings Scheme, or SCSS. Opening an Account Under Post Office SCSS …

Post Office Savings Scheme: Deposit Rs 8,334 Monthly to Get Rs 7 Lakh At Maturity
2 years, 11 months ago

Post Office Savings Scheme: Deposit Rs 8,334 Monthly to Get Rs 7 Lakh At Maturity

News 18  

Post Office Savings Scheme: Senior citizens in India are not yet too compatible with digital technology, as they are not tech savvy. To enable senior citizens get a fixed income after retirement, the post office has in place the Senior Citizen Savings Scheme, or SCSS. Post Office Senior Citizen Savings Scheme Calculator If a subscriber makes a deposit of Rs …

PF, PPF, Senior Citizen Scheme Interest for This Quarter: Know Rates Before Investing
3 years, 2 months ago

PF, PPF, Senior Citizen Scheme Interest for This Quarter: Know Rates Before Investing

News 18  

Bringing a good news for investors, the government has kept the post office small savings schemes interest rates unchanged for the October-November-December 2021 quarter. The interest rate on PPF remains at 7.1 per cent per annum while for the Senior Citizen Savings Scheme, the interest rate is 7.4 per cent per annum. The 5-year Monthly Income Account Scheme is offering …

Options for senior citizens to earn regular income with low risk
3 years, 5 months ago

Options for senior citizens to earn regular income with low risk

Live Mint  

NEW DELHI: Many senior citizens require regular income. 1) Senior citizens savings scheme : You can invest ₹15 lakhs in SCSS which is a five-year product extendable by another three years. 5) About ₹1.50 lakh can be invested annually in tax saving fixed deposits or postal National Savings Scheme to reduce taxable income under Section 80C. “The above portfolio is …

This Govt Scheme Offers 7.4% Returns Amid Record Low Interest Rates. Details Here
3 years, 6 months ago

This Govt Scheme Offers 7.4% Returns Amid Record Low Interest Rates. Details Here

News 18  

Senior citizens often depend on banks FDs for a regular income after retirement. One attractive investment option for the elderly population, including people who are 60 or above, is the Senior Citizens Savings Scheme. The Senior Citizens Savings Scheme provides an annual return rate of 7.4 per cent. In addition to individual accounts, banks within the Senior Citizens Savings Scheme …

PMVVY vs SCSS: Key things that senior citizens must know
3 years, 6 months ago

PMVVY vs SCSS: Key things that senior citizens must know

Live Mint  

PMVVY vs SCSS: Amid lowering fixed deposit interest rates at leading Indian banks, senior citizens are busy finding out better risk-free investment option. Speaking on Senior Citizen Saving Scheme vs PMVVY Kartik Jhaveri, Director — Wealth Management at Transcend Consultants said, "Both SCSS and PMVVY yields 7.4 per cent annual interest rate. Since, there are speculations that Government of India …

PPF, SSY and Kisan Vikas Patra: What are 'Small Saving Schemes' and their Importance?
4 years ago

PPF, SSY and Kisan Vikas Patra: What are 'Small Saving Schemes' and their Importance?

News 18  

The general excuse for most middle-class families for not saving enough is that the earning is not remotely enough that one can think about stashing something away as savings. It is for these people we have the Small Savings Schemes like the Sukanya Samridhi Yojana, Public Provident Fund, Kisan Vikas Patra and National Savings Certificate. This scheme provides a maximum …

Senior citizens bank fixed deposit rates at 8%. Check FD interest rates here
4 years, 2 months ago

Senior citizens bank fixed deposit rates at 8%. Check FD interest rates here

Live Mint  

There are several investment options customised for senior citizens but a fixed deposit remains the most favourable. Let's take a look at the interest rates offered by Jana, Fincare, and North East Small Finance Bank to senior citizens: Fincare Small Finance Bank latest FD interest rates for senior citizens Fincare Small Finance Bank offers term deposits from 7 days to …

Senior Citizens Savings Scheme offers over 7% returns amid record low interest rates. Key benefits
4 years, 4 months ago

Senior Citizens Savings Scheme offers over 7% returns amid record low interest rates. Key benefits

Live Mint  

Coronavirus has taken a huge toll on economy, impacting our lives in more ways that one. Amid this falling interest rates, here is one attractive investment option for those who are 60 or above the age of 60 — Senior Citizens Savings Scheme. Amid record low interest rates, Senior Citizens Savings Scheme offers more than 7% interest rate per annum. …

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