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SCSS Calculator: Earn Over Rs 10 Lakh Interest Income From Senior CitizenSavingsScheme; From Interest Rate To Tax Benefits

SCSS Calculator: The Senior Citizens Savings Scheme (SCSS) is a savings option for individuals aged 60 or older with some exemptions on age. SCSS is a small savings scheme and the SCSS account can be opened at any post office or bank near you. Senior Citizens Savings Scheme is a very popular investment option because it is backed by the government and hence considered safe. But how much interest income can you earn from SCSS? What are the tax benefits of SCSS and the maximum allowed investment? How much quarterly income can senior citizens expect? We take a look at top 10 facts about the Senior Citizens Savings Scheme: (AI image)

Senior citizens savings schemeCitizens savings scheme

Do you have enough money for your retirement years? 10 investment options you should be looking at

Do you have enough money for your retirement years? 10 investment options you should be looking at
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Office monthly income schemeCitizens savings schemeTerm government bondsIncome plansMantri vaya vandana yojanaInsurance plus savings plansWithdrawal plansShare dividend

Know the small savings schemes that offer tax benefits under section 80C

Public provident fund (PPF), Sukanya Samriddhi Account (SSA), National Savings Certificate (NSC) are among the popular instruments that offer deductions under section 80C.

Public provident fundNational savings certificateSukanya samriddhi accountSenior citizens savings schemeProvident fundSamriddhi accountSavings certificateCitizens savings schemeTax savingTax planningSmall saving schemesSmall savingPost office schemes

PPF, Post Office Deposits, SSY: Check Latest Interest Rates on Small Savings Schemes For April-June 2024

Government keeps the interest rates unchanged on various small savings schemes for April-June 2024; know latest rates on PPF, post office deposits, Sukanya Samriddhi Yojana, Kisan Vikas Patra

Vikas patraNational saving certificatesInterest rates on bankPublic provident fundYear post office timeYear post office time depositsYear recurring depositsSaving certificatesProvident fundSamriddhi accountCitizens savings schemeIncome accountSavings schemesKisan vikas patraSukanya samriddhi accountSenior citizens savings

With Latest Interest Rate Hike, EPF Now Offers More Than Any Small Savings Scheme

The interest rate of 8.25 per cent on EPF is now higher as compared to small savings schemes like PPF, Sukanya Samriddhi Yojana and post office deposits, which offer up to 8.2 per cent annually

Sukanya samriddhi yojanaSukanya samriddhiVikas patraNational saving certificatesYear post office timePublic provident fundKisan vikas patraInterest rates on small savings schemesYear post office time depositsYear recurring depositsSaving certificatesProvident fundSamriddhi accountCitizens savings schemeIncome accountSukanya samriddhi account