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Govt Relaxes Norms For Some Small Savings Schemes Including PPF

Govt Relaxes Norms For Some Small Savings Schemes -

PTI The government has relaxed the norms for various small savings schemes, including the Public Provident Fund (PPF) and Senior Citizen's Savings Scheme. For the Senior Citizen's Savings Scheme, the new norms provide three months to open an account against one month's time at present. As per the gazette notification dated November 9, an individual…

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. 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.

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