Calculation of SCSS Fixed Income Securities The interest rate provided for under the Senior Savings Plan is adjusted quarterly. The interest rate announced at the time of investment remains unchanged for the duration of the maturity period and is not affected by changes in the coming quarter. For example, Mr. A deposited Rs 1 lakh […]
This is always a good time to invest in mutual funds, however, for those looking to achieve high returns in a short period of time, note that the short term market changes quickly. Even though investing in mutual funds is seen to offer higher returns than fixed investment options, most people still seek tax advantages […]
SCSS vs PMVVY New Delhi: Seniors mainly prefer risk-free instruments to park their retirement savings. This is the reason why they mainly opt for fixed bank deposits to get regular income after retirement. However, since interest rates on term deposits have fallen significantly due to the RBI’s 115 basis point repo rate cut by the […]
SCSS vs PMVVY: For an elderly person, investing in a risk-free instrument is the most advisable. That is why bank fixed deposit (FD) is one of the most preferred investment options among the elderly. But, the way the FD bank interest rate nosedived, seniors began to look at other insured return options like Senior Citizen […]
Options for Seniors as FD Loses its Luster with Negative Real Interest Rate | Photo credit: Thinkstock In an age when interest rates on fixed income assets are at historically low levels, investors, especially those who depend on interest income, are being left behind. On top of that, rising inflation levels reduce the meager returns […]
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Last week’s interest rate cut on small savings plans – which was later revoked – was not the first cut. It won’t be the last. Over the past two decades, successive governments have tried to walk a tightrope between financial inclusion and fiscal prudence. Government-backed small savings programs provide a safe and attractive investment avenue […]
Personal finance oi-Roshni Agarwal | Posted: Saturday April 3rd, 2021 01:04 PM [IST] A sharp sharp drop in interest rates announced for the new quarter starting in April on the Post’s savings plan, then an overnight withdrawal has left many wondering how long the rates that are currently at. the hike given the low interest […]
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