This senior citizen scheme provides more than Rs 14 lakh return and tax benefits on one-time investment of Rs 10 lakh; know how
The Senior Citizen Savings Scheme (SCSS) offers competitive returns for individuals aged 60 and above, retired civilian employees aged 55 to 60, and retired defense personnel aged 50 to 60. The scheme guarantees an annual interest rate of 8.2%, paid quarterly from the deposit date with subsequent payments on 1st April, 1st July, 1st October,…