Senior Citizen Savings Scheme's investment limit increased to Rs 30 lakh: Budget 2023Senior Citizen Savings Scheme (SCSS) Investment Limit: For the quarter ending March 31, 2023, the government has raised the interest rate f...
Small Saving Schemes Announcements: Senior Citizens, women get a chance to increase their savings via SCSS, Mahila saving schemeThe government has also increased the cap for individuals under the monthly income scheme by two times, to Rs 9 lakh. Mahila Samman Savings...
Higher investment limit in saving schemes aimed at benefiting senior citizens, middle class: Fin SecyThe top bureaucrat in the finance ministry said the decision to revise the ceilings will come at a cost as the government can raise funds a...
Senior Citizens’ Savings Scheme: Govt clarifies on interest rate payable after death of SCSS account holderThe SCSS's interest rate is determined by government policy, and it provides account holders with a consistent income during their retireme...
What is the latest Senior Citizens’ Saving Scheme interest rate?The Senior Citizens' Savings Scheme (SCSS), a government initiative that offers quarterly interest payments, allows seniors to save money.
Investments under section 80C to save taxMost people invest in life insurance policies, PPF, ELSS in order to avail this deduction, but there are other options too worth considerin...
Seven money mistakes that can hurt your retirement planning and goalsThere are several excuses for not starting retirement planning timely and “we are eligible for pension” is one of them. Even those who unde...
How to save income tax under section 80CBy claiming this deduction, a person can reduce his/her gross taxable income and thereby the total tax payable. Hindu Undivided Families (H...
10 funds that saved your tax and gave up to 30% returns last yearELSS is considered ideal to save taxes up to Rs 1.5 lakh under Section 80C of the Income-Tax Act.
Why defence personnel should look beyond Senior Citizens Saving Scheme and what are the alternativesThe minimum age limit for investing in SCSS for retired defence personnel (excluding civilian defence employees) has now been fixed at 50 y...
Is NPS the right investment option for you?The structuring of the NPS may not be ideal for some who are looking to save for retirement. Read on to find out more before you plan to in...
Naveen dubs criteria for SCS superficial, seeks PM's mediationNaveen Patnaik today sought Prime Minister Manmohan Singh's personal intervention to expeditiously declare Odisha as such.
- RBI ask banks to provide new interest rates on PPF, SCSS
RBI today directed the banks to provide the higher interest rates on PPF and SCSS from April 1 as announced by the government.
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