- Rs 2.5 crore retirement corpus: Can you get Rs 2 lakh monthly income for 25 years?
Strategic planning of retirement withdrawals from a Rs 2.5 crore fund is essential for financial security ...More
Strategic planning of retirement withdrawals from a Rs 2.5 crore fund is essential for financial security. Adopting a conservative withdrawal rate that is lower than the annual returns can help sustain the corpus. By gradually increasing withdrawals based on a fixed percentage, retirees can plan for better financial longevity. Moreover, beginning with lower withdrawals and scaling them up annually contributes positively to corpus preservation. ...Less
- Can an NRI be a nominee for PPF, NSC or SCSS? Here’s what happens to the money after the account holder dies
NRIs can now be nominees for India's small-savings schemes like PPF and NSC, a change from 2023. While th ...More
NRIs can now be nominees for India's small-savings schemes like PPF and NSC, a change from 2023. While they can receive proceeds, repatriation abroad is restricted and subject to FEMA and banking rules, typically requiring crediting to an NRO account first. Understand the nuances before naming an NRI nominee. ...Less
- These 6 banking stocks have an upside potential of up to 25% in 1 year, according to analysts
At a time when a statement or missile can cause unexplained volatility, expecting rational behaviour in t ...More
At a time when a statement or missile can cause unexplained volatility, expecting rational behaviour in the equity markets is probably expecting too much. But the fact is that rationality finally prevails. And it has to do with earnings and fundamentals and macro-economic order. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardised scores. SR Plus Reports is a complimentary offering to ETPrime members. ...Less
- Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 23%
As oil prices move up again, how will things pan out for the Indian market? Will it be a standalone under ...More
As oil prices move up again, how will things pan out for the Indian market? Will it be a standalone underperformer? Or is it just a phase where the rising price of crude is leading to fears that the market will again come under pressure in the short term? Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. ...Less
- These 6 banking stocks have an upside potential of up to 26% in 1 year, according to analysts
The way things are panning out with the Gulf war, the probability of ever greater volatility in markets a ...More
The way things are panning out with the Gulf war, the probability of ever greater volatility in markets across the globe is high. And higher oil prices is bad news for the Indian economy as it can impact several sectors. So, it is perhaps better to think twice before taking positions in the stock market. And always remember this: Don't take any statement by any of the parties involved as gospel truth. ...Less
- These 8 banking stocks have an upside potential of up to 22% in 1 year, according to analysts
When it comes to the banking sector, one should, at this point of time, give some leeway in terms of cred ...More
When it comes to the banking sector, one should, at this point of time, give some leeway in terms of credit growth. The more important thing to watch for in individual banks is the growth of their digital footprints. If that number is not going up, it can be a cause for concern. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members. ...Less
- Can NRIs invest in National Savings Certificate (NSC) and avail tax benefits?
The National Saving Certificate (NSC) is one of the popular small savings schemes among Indians investors ...More
The National Saving Certificate (NSC) is one of the popular small savings schemes among Indians investors with a low-risk appetite as the scheme is backed by the government and offers an attractive interest rate of 7.7%. The NSC scheme is available only to resident citizens of India. ...Less
- Income tax for senior citizens: No salary after retirement? These 7 incomes can still attract tax; know what is exempt
Retirement is not synonymous with tax freedom. Your pensions, interest income, rental earnings, and capit ...More
Retirement is not synonymous with tax freedom. Your pensions, interest income, rental earnings, and capital gains may still incur taxes. It's crucial to identify which income streams are subject to taxation and which advantages remain untaxed to prevent errors and manage your finances wisely. Learn strategies to legally minimize your tax responsibilities after retirement and bolster your financial stability. ...Less
- RBI policy: Will high-interest rate cycle return for FD investors as RBI holds repo rate amid rising inflation?
RBI MPC repo rate: The Reserve Bank of India maintained its repo rate at 5.25 percent today. Inflation is ...More
RBI MPC repo rate: The Reserve Bank of India maintained its repo rate at 5.25 percent today. Inflation is nearing the upper tolerance band, which could prompt future rate hikes. Banks monitor deposit-credit ratios and government security yields for rate decisions. High interest rates on small savings schemes also influence bank deposit offerings. Lenders may adjust fixed deposit rates soon based on these economic indicators. ...Less
- Will FD investors get higher interest rates as Iran-US war continues and inflation shoots?
Rising inflation and increased credit demand are pushing banks towards higher fixed deposit rates. Banks ...More
Rising inflation and increased credit demand are pushing banks towards higher fixed deposit rates. Banks are also facing competition from small savings schemes and government securities. Deposit growth has slowed while credit demand has climbed significantly in recent months. This widening gap may compel banks to attract more deposits through better rates. Banks may revise fixed deposit rates after any Reserve Bank of India policy changes. ...Less
- To whom do the new Senior Citizen Savings Scheme (SCSS), PPF rules apply? Govt clarifies
The Department of Posts came out with an detailed notification about senior citizen savings scheme (SCSS) ...More
The Department of Posts came out with an detailed notification about senior citizen savings scheme (SCSS) and Public Provident Fund (PPF) few weeks back. On November 29, 2023 the Department of Posts issued a clarification as to who the new SCSS and PPF rules would apply. Read below to find out. ...Less
- How to open Senior Citizens’ Savings Scheme account
How to open Senior Citizens’ Savings Scheme account ...More
How to open Senior Citizens’ Savings Scheme account ...Less
- GPF interest rate for government employees: Has Finance Ministry changed GPF rate from 7.1% for July-September 2026 quarter?
The Ministry of Finance has announced the GPF interest rate for the upcoming quarter. General Provident F ...More
The Ministry of Finance has announced the GPF interest rate for the upcoming quarter. General Provident Fund and similar government funds will earn 7.1 percent interest. This rate remains unchanged for the July to September 2026 period. Public Provident Fund and small savings schemes also retain their current rates. Employees Provident Fund interest rate stands at 8.25 percent for the fiscal year. ...Less
- These 7 private and public banking stocks have an upside of up to 29% in one year, according to analysts
Broadly speaking, both private and PSU banks are impacted by what happens to the economy. There might be ...More
Broadly speaking, both private and PSU banks are impacted by what happens to the economy. There might be some difference because of the focus of the loan book, but nothing escapes the broader impact of a bad monsoon, or rising oil prices. If they are behaving differently in the market these days, it is because of valuations, existing ownership, overall fund flows, and the kind of investors putting in the money. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components, earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members. ...Less
- Higher investment limit in saving schemes aimed at benefiting senior citizens, middle class: Fin Secy
The top bureaucrat in the finance ministry said the decision to revise the ceilings will come at a cost a ...More
The top bureaucrat in the finance ministry said the decision to revise the ceilings will come at a cost as the government can raise funds at a cheaper rate compared to the 8 per cent interest that it gives under the Senior Citizen Savings Scheme. "Taking into account the welfare of senior citizens, for whom fixed income instruments are the main source of income... it was decided that this is a cost which the government should bear and therefore the ceilings were increased," he said. ...Less
- SCSS vs MIS: Which offers higher interest on a Rs 5 lakh investment?
Senior Citizens Savings Scheme offers a higher interest rate than the Post Office Monthly Income Scheme. ...More
Senior Citizens Savings Scheme offers a higher interest rate than the Post Office Monthly Income Scheme. An investment of five lakh rupees in SCSS yields approximately forty-one thousand rupees annually. The Post Office Monthly Income Scheme provides nearly thirty-seven thousand rupees in annual interest. SCSS offers tax benefits on principal investment under Section 80C of the Income Tax Act. ...Less
- Senior Citizen Savings Scheme (SCSS): Know all about TDS applicability
Senior Citizen Savings Scheme (SCSS): Know all about TDS applicability ...More
Senior Citizen Savings Scheme (SCSS): Know all about TDS applicability ...Less
- What is the latest Senior Citizens’ Saving Scheme interest rate?
The Senior Citizens' Savings Scheme (SCSS), a government initiative that offers quarterly interest paymen ...More
The Senior Citizens' Savings Scheme (SCSS), a government initiative that offers quarterly interest payments, allows seniors to save money. ...Less
- Senior Citizen Savings Scheme vs high interest rate bank FDs: Where should you invest?
The interest rate on SCSS was revised from 7.4% to 7.6% which is at present the highest interest rate off ...More
The interest rate on SCSS was revised from 7.4% to 7.6% which is at present the highest interest rate offered by a small savings scheme. Many smaller private sector banks and small finance banks are now offering FD interest rates high as 9%. Rise in FD interest rate is expected to continue in next few months. Will SCSS remain competitive to FDs or should you prefer FDs now. ...Less
- What is Senior Citizens’ Savings Scheme?
Senior Citizen Savings Scheme is a government-backed scheme. The current interest rate applicable to SCSS ...More
Senior Citizen Savings Scheme is a government-backed scheme. The current interest rate applicable to SCSS is 7.4%. Tax benefits under Section 80C are available but interest is fully taxable. ...Less
- Can my wife and I open two joint Senior Citizens’ Savings Scheme accounts?
A senior citizen can invest up to Rs 15 lakh in an SCSS account. This account can be held jointly with on ...More
A senior citizen can invest up to Rs 15 lakh in an SCSS account. This account can be held jointly with one’s spouse. ...Less
- Latest PPF, Senior Citizen Savings Scheme, POTD, other small savings schemes interest rates
Latest PPF, Senior Citizen Savings Scheme, POTD, other small savings schemes interest rates ...More
Latest PPF, Senior Citizen Savings Scheme, POTD, other small savings schemes interest rates ...Less
- Govt doubles deposit limit for Senior Citizen Savings Scheme to Rs 30 lakh
"The maximum deposit limit for Senior Citizen Savings Scheme will be enhanced from Rs 15 lakh to Rs 30 la ...More
"The maximum deposit limit for Senior Citizen Savings Scheme will be enhanced from Rs 15 lakh to Rs 30 lakh," the minister said in her 87-minute long speech. ...Less
- Want Rs 50,000 every quarter from SCSS? Check how much you need to invest
Senior citizens can now secure a steady income with the Senior Citizens' Savings Scheme (SCSS), which off ...More
Senior citizens can now secure a steady income with the Senior Citizens' Savings Scheme (SCSS), which offers an attractive 8.2% interest rate. To generate approximately Rs 50,000 quarterly, an investment of around Rs 24.40 lakh is required. ...Less
- Senior Citizens' Savings Scheme latest interest rate
You can open a Senior Citizens' Savings Scheme (SCSS) account alone or with your spouse at any bank or po ...More
You can open a Senior Citizens' Savings Scheme (SCSS) account alone or with your spouse at any bank or post office. SCSS has a 7.4 percent interest rate for the quarter ending March 31, 2022. ...Less
- How to open a Senior Citizens’ Savings Scheme
For senior citizen investors, safety and returns play an important role while choosing an investment vehi ...More
For senior citizen investors, safety and returns play an important role while choosing an investment vehicle. The Senior Citizens’ Savings Scheme (SCSS) can be availed from a post office or a bank by anyone above 60, i.e., a senior citizen. ...Less
- These 9 banking stocks have an upside potential of up to 27% in 1 year, according to analysts
We live in a world where one statement or one missile can cause crude oil prices to spike. In such times, ...More
We live in a world where one statement or one missile can cause crude oil prices to spike. In such times, expecting rational behaviour in the equity (or commodity) market is probably expecting too much. At this juncture, investors need to develop the ability to either keep out of the market or invest only with a long-term perspective. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members. ...Less
- Will PPF interest rate be finally hiked in 2024 after remaining unchanged since April 2020?
PPF, Senior Citizen Savings Scheme, and Sukanya Samriddhi Account: Interest rates of small savings scheme ...More
PPF, Senior Citizen Savings Scheme, and Sukanya Samriddhi Account: Interest rates of small savings schemes are due for revision at the end of this month. The interest rates of small savings schemes are linked to yields of 10-year Government Securities in the secondary market. There are set formulae for mark-ups over the previous three months’ average yield of relevant G-Secs of comparable maturity. Let's see if you are in for a New Year bonanza from the Central Government this time. ...Less
- Senior Citizens Savings Scheme (SCSS) saves tax, beats bank FDs: Here's all you need to know about it
Backed by the government, the scheme offers capital protection, along with quarterly interest payment as ...More
Backed by the government, the scheme offers capital protection, along with quarterly interest payment as a source of income. Senior citizens can claim deduction under Sectio 80TTB on the interest earned from SCSS. ...Less
- Govt says Senior Citizens Savings Scheme taxable
The Government on Wednesday clarified that the Senior Citizens Savings Scheme, that gives 9 per cent inte ...More
The Government on Wednesday clarified that the Senior Citizens Savings Scheme, that gives 9 per cent interest rates on investment up to Rs 15 lakh, is taxable and that tax would be deducted at source for those elderly people who come under the tax net. ...Less
- Senior Citizen Savings Scheme's investment limit increased to Rs 30 lakh: Budget 2023
Senior Citizen Savings Scheme (SCSS) Investment Limit: For the quarter ending March 31, 2023, the governm ...More
Senior Citizen Savings Scheme (SCSS) Investment Limit: For the quarter ending March 31, 2023, the government has raised the interest rate for the Senior Citizen Savings Scheme (SCSS) to 8%. ...Less
- Process of investing in the Senior Citizen Savings Scheme
A government scheme, the SCSS helps senior citizens accumulate funds in or for their retirement and earn ...More
A government scheme, the SCSS helps senior citizens accumulate funds in or for their retirement and earn quarterly interest payouts from the deposit. This account can be opened at any bank or post office, singly or jointly with your spouse. ...Less
- Senior Citizens’ Savings Scheme: Who can invest, how to open SCSS account
An SCSS account can be opened at an authorised bank. It's a good idea to check with your bank whether it ...More
An SCSS account can be opened at an authorised bank. It's a good idea to check with your bank whether it offers this facility. An SCSS account can be opened at a post office too. ...Less
- Govt needs to exempt tax on interest earned under senior citizens scheme: SBI study
The RBI should also now mandate that the liability of the banks "also move in tandem" with lending rates. ...More
The RBI should also now mandate that the liability of the banks "also move in tandem" with lending rates. ...Less
- Senior Citizen Savings Scheme investment limit hiked to Rs 30 lakh: Govt issues notification
Budget 2023 proposed a hike in investment limit in Senior Citizen Savings Scheme (SCSS. A hike of Rs 15 l ...More
Budget 2023 proposed a hike in investment limit in Senior Citizen Savings Scheme (SCSS. A hike of Rs 15 lakh was proposed in the SCSS. As per the proposal, the maximum investment limit in SCSS has been doubled from Rs 15 lakh to Rs 30 lakh. Now the government has issued a notification for the same. ...Less
- Plus and minus points of Senior Citizens’ Savings Scheme
SCSS offers tax benefits under Sec 80C and allows premature withdrawals. However, there are a few problem ...More
SCSS offers tax benefits under Sec 80C and allows premature withdrawals. However, there are a few problems that need to be fixed. ...Less
- Top 7 investment options for senior citizens who want regular income
Here are seven popular investment options that senior citizens can consider for a regular income. ...More
Here are seven popular investment options that senior citizens can consider for a regular income. ...Less
- Senior citizen savings scheme: What is the SCSS interest rate for the January-March 2024 quarter?
The government-backed Senior Citizen Savings Scheme (SCSS) is available for those over the age of 60, or ...More
The government-backed Senior Citizen Savings Scheme (SCSS) is available for those over the age of 60, or 55. The government fixes the interest rate on SCSS every quarter. ...Less
- Interest rate up to 8.2%: Latest interest rates of PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi, other post office schemes
Latest small savings schemes interest rates: The savings schemes offered by post offices consist of the P ...More
Latest small savings schemes interest rates: The savings schemes offered by post offices consist of the Public Provident Fund, Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Post Office Time Deposits (POTD), Mahila Samman Savings Certificate, and Post Office Monthly Income Scheme (POMIS). ...Less
- Do you have to pay penalty for premature withdrawal from Senior Citizen Savings Scheme?
Do you have to pay penalty for premature withdrawal from Senior Citizen Savings Scheme? ...More
Do you have to pay penalty for premature withdrawal from Senior Citizen Savings Scheme? ...Less
- Tax queries: Does the senior citizens savings scheme qualify for section 80C benefits?
Dilip Lakhani, Senior Chartered Accountant, answers queries from our readers on income tax and other levi ...More
Dilip Lakhani, Senior Chartered Accountant, answers queries from our readers on income tax and other levies. ...Less
- Your PPF, Senior Citizens Savings Scheme, other small savings schemes will be frozen if you fail to submit Aadhaar details by this date
If the Aadhaar number is not provided by this date, your small savings investments will be frozen until t ...More
If the Aadhaar number is not provided by this date, your small savings investments will be frozen until the Aadhaar number is submitted. ...Less
- 7.1% PPF interest rate or 8.2% returns from Senior Citizen Savings Scheme (SCSS): Where should someone in 20% tax bracket invest?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query ...More
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away. ...Less
- Earn interest rate of 8.2%: 8 key features of Senior Citizen Savings Scheme
Earn interest rate of 8.2%: 8 key features of Senior Citizen Savings Scheme ...More
Earn interest rate of 8.2%: 8 key features of Senior Citizen Savings Scheme ...Less
- Govt to revise small savings rate by end of this month
The government, however, may leave the interest rates on Senior Citizen's Savings Scheme and Sukanya Samr ...More
The government, however, may leave the interest rates on Senior Citizen's Savings Scheme and Sukanya Samriddhi Accounts unchanged. ...Less
- I want Rs 1 lakh/month from my Rs 1.15 crore PF and gratuity corpus; how should I invest?
ET Wealth Reader's Query: I will retire in four years. I have Rs 95 lakh in Provident Fund savings and ex ...More
ET Wealth Reader's Query: I will retire in four years. I have Rs 95 lakh in Provident Fund savings and expect Rs 20 lakh as gratuity. I have no liabilities. How to invest this corpus to get a monthly income of Rs 1 lakh? ...Less
- Here are all the benefits available to senior citizens
Here's a list of some of the most useful facilities and benefits available to senior citizens in India to ...More
Here's a list of some of the most useful facilities and benefits available to senior citizens in India to ease their financial burden. ...Less
- Where to invest Rs 83 lakh to get regular income during retirement
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query ...More
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away. ...Less
- RBI notifies new interest rates on PPF and Senior Citizen Savings Scheme
Reserve Bank today notified 0.1 per cent reduction each in interest rates on Public Provident Fund (PPF) ...More
Reserve Bank today notified 0.1 per cent reduction each in interest rates on Public Provident Fund (PPF) and Senior Citizen Savings Scheme. ...Less
- Can Senior Citizen Savings Scheme account be closed anytime? What are the penalties for premature withdrawal
Depositors are allowed to open multiple accounts under this plan, with a cumulative maximum limit of Rs. ...More
Depositors are allowed to open multiple accounts under this plan, with a cumulative maximum limit of Rs. 30 lakhs for all accounts. The SCSS account was designed exclusively for seniors who want to save for the future. ...Less
- What are the rules of TDS deduction in Senior Citizens’ Savings Scheme
The Government of India has amended Section 194A of the Income Tax Act, 1961, and as a result, the total ...More
The Government of India has amended Section 194A of the Income Tax Act, 1961, and as a result, the total interest income payable in a Financial Year for all SCSS account holders under the age of 60 has been revised from Rs. 10,000 to Rs. 40,000 for the purpose of TDS deduction. ...Less
- How to open a Senior Citizen Savings Scheme account
Individuals over 60 can open an SCSS account. Further, a person who is 55 years old and has taken volunta ...More
Individuals over 60 can open an SCSS account. Further, a person who is 55 years old and has taken voluntary retirement can invest in such an account. ...Less
- Interest rate for PPF may not change next quarter
The finance ministry is expected to notify the interest rates on small savings schemes for the July-Octob ...More
The finance ministry is expected to notify the interest rates on small savings schemes for the July-October quarter this week. ...Less
- Here's a quick comparison of interest rates on tax-saving debt investments
But before you get down to choosing a tax saving investment you should probably first calculate how much ...More
But before you get down to choosing a tax saving investment you should probably first calculate how much you need to invest to save tax. ...Less
- Why liquidity of investments is important for retirees
For retirees and senior citizens, not all investments should be tied up in long-term products. There must ...More
For retirees and senior citizens, not all investments should be tied up in long-term products. There must be some investments that are liquid to deal with financial emergencies. ...Less
- Why it is advisable to continue investing when stock market falls
Equity is a volatile asset class and market corrections gives you the opportunity to buy quality equities ...More
Equity is a volatile asset class and market corrections gives you the opportunity to buy quality equities at a fair price. ...Less
- I am 59 year and retired. How should I invest the money I get from selling my flat?
The sale of real estate will entail capital gain tax. Do discuss available tax-saving avenues with a tax ...More
The sale of real estate will entail capital gain tax. Do discuss available tax-saving avenues with a tax consultant. ...Less
- Invest up to Rs 30 lakh in Senior Citizen Savings Scheme from Apr 1, 2023: What is SCSS, tax benefits, withdrawals, interest rate
Seniors can invest up to Rs 30 lakh in the post office's Senior Citizen Savings Scheme (SCSS) beginning A ...More
Seniors can invest up to Rs 30 lakh in the post office's Senior Citizen Savings Scheme (SCSS) beginning April 1, 2023, as proposed by Finance Minister Nirmala Sitharaman. ...Less
- Senior Citizens Savings Scheme (SCSS) premature withdrawal rules changed; check details
Senior Citizen's Savings Scheme rule change: The government released a notification implementing numerous ...More
Senior Citizen's Savings Scheme rule change: The government released a notification implementing numerous significant changes to the popular Senior Citizen's Savings Scheme (SCSS). ...Less
- SCSS interest rate: Latest Senior Citizens Savings Scheme interest rate for July- September quarter
The Senior Citizen Saving Scheme (SCSS) is an investment scheme developed and maintained by the Indian go ...More
The Senior Citizen Saving Scheme (SCSS) is an investment scheme developed and maintained by the Indian government to help senior citizens live financially secure lives after retirement. The interest rate on this savings scheme is set and revised by the government every quarter. ...Less
- Senior Citizen Savings Scheme: How to save TDS on SCSS interest income
Senior Citizen Savings Scheme: TDS is deducted when the interest on SCSS exceeds Rs 50,000 in a financial ...More
Senior Citizen Savings Scheme: TDS is deducted when the interest on SCSS exceeds Rs 50,000 in a financial year. This TDS is deducted from the interest and you can claim a credit for this TDS at the time of filing income tax return (ITR). However, there is a way to prevent TDS getting deducted. Read the story to know more. ...Less
- Senior Citizen Saving Scheme interest rate hiked for Oct-Dec quarter: What is the latest SCSS rate
For the third quarter (October to December) of the current fiscal year, the government has increased the ...More
For the third quarter (October to December) of the current fiscal year, the government has increased the interest rates on a few small savings schemes. ...Less
- 5 financial gifts for a Happy Mother's Day -- take a look!
This Mother’s Day, go beyond traditional gifts and take a meaningful step toward ensuring your mother’s f ...More
This Mother’s Day, go beyond traditional gifts and take a meaningful step toward ensuring your mother’s financial freedom. Start by helping her build a secure and diversified financial portfolio tailored to her needs whether it’s through steady income schemes like the Senior Citizens’ Savings Scheme or wealth-building options such as mutual funds with a portion of gold to hedge her risks. ...Less
- Senior Citizens’ Savings Scheme (SCSS): Can I deduct penal interest while filing ITR?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query ...More
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away. ...Less
- PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi and other small savings schemes' rates announced for April-June quarter; check here
Latest small savings schemes interest rates: Here is a look at the interest rates on various small saving ...More
Latest small savings schemes interest rates: Here is a look at the interest rates on various small savings schemes for the fourth quarter of FY 2023-24. ...Less
- Where should I invest my father’s retirement corpus?
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by o ...More
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts. ...Less
- Good financial gifts that you can give your parents
The best way to show your affection is to offer financial gifts or deploy strategies that can reduce thei ...More
The best way to show your affection is to offer financial gifts or deploy strategies that can reduce their fiscal burden, optimise returns and capital safety. ...Less
- Where should I invest Rs 60 lakh with minimum income tax liability?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query ...More
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away. ...Less
- 7 Senior Citizens Savings Scheme (SCSS) rule changes
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- Senior Citizen Savings scheme latest interest rate: What is the SCSS interest rate for the April- June 2024 quarter?
Senior Citizen Savings scheme interest rate: Note that if an account is formed in violation of the SCSS R ...More
Senior Citizen Savings scheme interest rate: Note that if an account is formed in violation of the SCSS Rules, the account will be terminated immediately and the deposit will be returned to the depositor after deducting any interest received on the deposit. ...Less
- Can banks increase FD interest rates as inflation crosses RBI’s target of 4%?
Rising inflation has crossed the Reserve Bank of India's target, signaling potential repo rate hikes. Hig ...More
Rising inflation has crossed the Reserve Bank of India's target, signaling potential repo rate hikes. Higher inflation and increased credit demand suggest banks might raise fixed deposit interest rates soon. Banks monitor deposit growth and credit demand before adjusting their fixed deposit rates. High yields on government securities and small savings schemes also pressure banks to increase FD rates. ...Less
- Rs 20 lakh investment for senior citizens: SBI FD vs SCSS vs RBI floating rate bond- which pays the highest?
Investment options for senior citizens: Senior citizens seeking steady retirement income can choose betwe ...More
Investment options for senior citizens: Senior citizens seeking steady retirement income can choose between Senior Citizens Savings Scheme (SCSS), Fixed Deposits (FDs), and RBI Floating Rate Bonds. ...Less
- Senior Citizen Savings Scheme vs FDs: Which offers highest interest rate?
If you're a senior citizen looking to make an investment here is a comparison of the interest rates offer ...More
If you're a senior citizen looking to make an investment here is a comparison of the interest rates offered by SCSS and major banks like SBI, HDFC Bank, ICICI Bank, PNB, Axis, and Yes Bank for FDs with a 5-year term. ...Less
- Senior Citizens Savings Scheme: Was interest rate hiked for July-September 2023 quarter?
The investment minimum is Rs 1,000 and the investment maximum is Rs 30 lakh. If you are interested in inv ...More
The investment minimum is Rs 1,000 and the investment maximum is Rs 30 lakh. If you are interested in investing in SCSS, then here is a look at important features of the scheme. ...Less
- Senior Citizens’ Savings Scheme: Govt clarifies on interest rate payable after death of SCSS account holder
The SCSS's interest rate is determined by government policy, and it provides account holders with a consi ...More
The SCSS's interest rate is determined by government policy, and it provides account holders with a consistent income during their retirement. ...Less
- Where should you invest: PPF, NSC, Sukanya Samriddhi or Senior Citizens' Saving Scheme?
Investors shouldn't blindly invest in small savings schemes. Each instrument has specific features. Here ...More
Investors shouldn't blindly invest in small savings schemes. Each instrument has specific features. Here are pros & cons of some of the most popular schemes. ...Less
- Post office schemes rules changed: Govt makes changes to PPF, Senior Citizen Savings Scheme (SCSS), 5-year time deposit
On November 7, 2023, the government released a notification that made numerous significant modifications ...More
On November 7, 2023, the government released a notification that made numerous significant modifications to the popular SCSS, PPF, and 5-year post office time deposit. Here is a look at the changes made to these small savings schemes. ...Less
- PPF, SSY, Senior Citizen Savings Scheme, other post office schemes interest rates for April- June quarter 2024
Post office schemes interest rates for April-June quarter: The government revises small savings schemes i ...More
Post office schemes interest rates for April-June quarter: The government revises small savings schemes interest rates every quarter. Here is a look at the interest rates on various post office schemes for the first quarter of FY 2024-25 along with its compounding frequency. ...Less
- Why defence personnel should look beyond Senior Citizens Saving Scheme and what are the alternatives
The minimum age limit for investing in SCSS for retired defence personnel (excluding civilian defence emp ...More
The minimum age limit for investing in SCSS for retired defence personnel (excluding civilian defence employees) has now been fixed at 50 years. ...Less
- Senior Citizens’ Savings Scheme: Disadvantages of SCSS you should know before investing
Assured income, protection of capital and regular payouts is what makes it attractive. The Senior Citizen ...More
Assured income, protection of capital and regular payouts is what makes it attractive. The Senior Citizens' Saving Scheme (SCSS) also provides tax benefits under Section 80C and allows for early withdrawals. ...Less
- 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 announc ...More
RBI today directed the banks to provide the higher interest rates on PPF and SCSS from April 1 as announced by the government. ...Less
- Bank deposit rates set to fall in new fiscal
Many banks have cut deposit rates within a month into demonetisation and experts believe that they are in ...More
Many banks have cut deposit rates within a month into demonetisation and experts believe that they are in for another round of cut in the Q1 of FY18. ...Less
- Deferred payout from insurance plans is tax free: Should you invest in these plans?
Though deferred insurance payout plans are tax-free, investors should consider several other factors befo ...More
Though deferred insurance payout plans are tax-free, investors should consider several other factors before investing in them. ...Less
- 4 safe investments that offer higher returns than bank FD interest rates
Best investment options: FD interest rates have been on the rise, but there are other fixed income invest ...More
Best investment options: FD interest rates have been on the rise, but there are other fixed income investments that are offering better returns. ...Less
- Govt announces interest rates for post office savings scheme for April- June 2025: Check latest PPF, NSC interest rate
Latest Small Savings Schemes interest rate: The government has issued a circular today announcing interes ...More
Latest Small Savings Schemes interest rate: The government has issued a circular today announcing interest rates for various small savings schemes such as PPF, NSC, Post Office Time Deposits, etc. The interest rate announced will be applicable for April and June 2025, i.e., for the first quarter of the new FY 2025-26. ...Less
- 7 changes in Senior Citizens Savings Scheme rules: More people can invest, more time for retirees, stricter penalty
The government has issued a notification to make changes in the Senior citizens Savings Scheme rules. The ...More
The government has issued a notification to make changes in the Senior citizens Savings Scheme rules. These rules apply on who can invest, how much time retirees have to invest their retirement benefits in the scheme, definition of retirement benefits, penalty on premature withdrawals on certain tenures and others. Read on to know the latest changes. ...Less
- Senior Citizens’ Savings Scheme or bank fixed deposits: Which offers best interest rate for senior citizens?
In view of increased interest rates, the government revised the interest rates of a few small savings sch ...More
In view of increased interest rates, the government revised the interest rates of a few small savings schemes, including the Senior Citizens Savings Scheme, for the June 2023 quarter. ...Less
- Earn up to 9.50% interest rate: Senior Citizen Saving Scheme (SCSS) vs FD; interest rates, tax benefits, deposit limit compared
SCSS vs. FD: Here, we have compared the interest rates offered by the Senior Citizens Savings Scheme (SCS ...More
SCSS vs. FD: Here, we have compared the interest rates offered by the Senior Citizens Savings Scheme (SCSS) and bank fixed deposit rates with 5-year tenure for senior citizens and other important features. ...Less
- 8 money mistakes that can ruin your retirement and how to avoid them
Retirement needs careful financial planning. Even small mistakes can diminish savings. A withdrawal plan ...More
Retirement needs careful financial planning. Even small mistakes can diminish savings. A withdrawal plan is crucial. Avoid locking funds in annuities. Equities should be part of the portfolio. Medical insurance is essential. Estate planning is important for seamless asset transition. Illiquid assets pose risks. Clear debts before retirement for financial stability. ...Less
- Three changes in post office schemes from April 1, 2023
Here are the changes if you are an individual who has invested in the Senior Citizen Savings Scheme (SCSS ...More
Here are the changes if you are an individual who has invested in the Senior Citizen Savings Scheme (SCSS) or the Post Office Monthly Income Scheme (POMIS) or are planning to do so: ...Less
- How to close a frozen PPF, Senior Citizen Savings Scheme, other small savings scheme account
The Department of Posts decided to freeze certain small savings scheme accounts that had matured as of Se ...More
The Department of Posts decided to freeze certain small savings scheme accounts that had matured as of September 30, 2019, but had not yet been closed, according to a notification dated December 15, 2022. ...Less
- Latest Senior Citizen Savings Scheme Interest Rate 2026: Maximum deposit, tenure and benefits explained
The Senior Citizen Savings Scheme (SCSS) offers a competitive 8.2% fixed interest rate, matching the Suka ...More
The Senior Citizen Savings Scheme (SCSS) offers a competitive 8.2% fixed interest rate, matching the Sukanya Samriddhi Account. This rate, applicable for the January-March 2026 quarter, remains unchanged from the previous period. SCSS provides a higher return than most bank FDs, though it has a deposit limit of Rs 30 lakh. ...Less
- 5 small savings schemes offering up to 8.2% interest rate in 2026: SCSS, PPF, NSC and more
Small savings schemes, popular for conservative investors, will retain their interest rates for the April ...More
Small savings schemes, popular for conservative investors, will retain their interest rates for the April-June 2026 quarter, offering returns up to 8.2% per annum. Schemes like SCSS and SSA provide attractive rates, while NSC, MIS, and PPF offer stable returns with tax benefits for long-term wealth creation. ...Less
- Nifty23,398.10-79.71Sensex74,781.76-120.83
- USD/INR95.550.10
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