Senior citizens prefer low-risk instruments like bank fixed deposits (FDs) and small savings schemes. Returns from both SCSS and Senior Citizen FDs are taxable
The central government has not revised the interest rate of PPF since April 2020. It has remained at 7.1 per cent since then. Will the interest rate of the Public Provident Fund (PPF) increase in July-September quarter? To know whether there will be a hike in PPF interest for the next quarter, you need to understand how the interest rate is calculated. Take a look
For Senior Citizen Savings Schemes interest rate has been raised from 8% to 8.2%, while monthly income schemes will earn 7.4% compared to 7.1% earlier, showed the order