The Senior Citizen Savings Scheme is a government-backed savings instrument. The investment option is eligible for tax deductions up to Rs 1.5 lakh under section 80C of the Income Tax Act, 1961.
As per the latest interest rates announced by the Government, depositors will benefit from steady income growth at 7.7 per cent per year, which will be compounded annually, and hence, they need not ...
Post office runs a lot of small savings schemes to encourage people for saving money. National Savings Recurring Deposit Account, or 5-Year Post Office Recurring Deposit Account (RD) in one such ...
Post Office Monthly Income Scheme, MIS Interest Rate 2024 Calculator: The Post Office offers many programmes that gives you a monthly income. Senior Citizen Savings Scheme is one of the Post ...
India Inc's key credit ratios moderated sharply in the second half of FY23. Senior Citizen Savings Scheme interest rate April-June 2023: The Finance Ministry has increased the Senior Citizen ...
In case a senior citizen and his/her spouse have separate SCSS accounts, they will be eligible to deposit Rs 30 lakh each in their respective accounts. Along with the SCSS deposit limit, the ...
Investors looking for last-minute savings tools to save income tax can opt for tax-saving bank fixed deposits, public provident funds, National Savings Certificate. Besides, contributions to ...
Senior citizens receive advantageous interest rates on bank fixed deposits. The Senior Citizens Savings Scheme (SCSS) and FDs offer unique benefits and tax advantages. ET's detailed comparison ...
NEW DELHI: Net household savings declined sharply by Rs 9 lakh crore to Rs 14.16 lakh crore in three years to 2022-23, according to the latest National Account Statistics 2024 of the Ministry of ...
Prime Minister Narendra Modi said that reducing electricity and transport costs for the public to zero while aiming to make India the world’s third-largest economy will be top priorities for his ...
After the adjustment, Ujjivan SFB currently grants savings bank deposits with a maximum interest rate of 7.50%. (Twitter) Ujjivan Small Finance Bank (SFB) has revised its interest rates on savings ...