Savings scheme

Post Office Elderly Savings Scheme Against State Bank of India Fixed Deposit (FD) Interest Rate

Elderly Savings Program (SCSS) offered by India Post or Post Department and State Bank of India (SBI) Elderly Fixed Deposit Accounts (FD) are some of the investment options available for the elderly. The Senior Savings Plan (SCSS) can be opened by a natural person aged 60 or over. A person aged 55 or over but […]

Savings scheme

Interest rate of the savings plan for the elderly, account of the Public Provident Fund (PPF)

Postal savings: The Caisse d’Epargne Senior (SCSS) account has a maturity of 5 years. In the provisional budget for 2019-2020, the government proposed to raise the threshold for withholding tax (TDS) on interest received on bank and postal deposits from Rs 10,000 to Rs 40,000. With this announcement , depositors are likely to save more […]