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The government has not changed the interest rates on small savings schemes for April-June (Q1FY27). That means you will continue to get the same interest as before. If you are a senior citizen and want to arrange income for yourself every month, then Post Office Senior Citizens Savings Scheme Account (SCSS) will be right for…
51 minutes ago copy link The government has not changed the interest rates on small savings schemes for October-December (Q3FY26). That means you will continue to get the same interest as before. In such a situation, if you are a senior citizen and want to arrange income for yourself every month, then Post Office Senior…
The interest rates of various small savings schemes for the third quarter of FY 2025-26 will remain unchanged, the Ministry of Finance informed today, September 30. This is the seventh consecutive quarter in which rates have not changed. According to the notification of the Finance Ministry, “The rates of interest on various small savings schemes…
SCSS vs PSU Bank Senior Citizen FD: When we turn 60 years old and become senior citizens, our expenses may remain the same, be cut, or increase, but in all cases, we need a substantial amount for our daily expenses. There may also be chances that you may not have any earning source at that…
Rs 61,500 Interest/quarter for Senior Citizens: Retirement is an important stage for everyone, where income options for many senior citizens may deplete. In such a time, investments that they make may come handy. Some investment schemes provide them secure environs of earning income for a long period after investing one time. Senior Citizens Savings Scheme…
The post office provides various savings schemes for general and senior citizens. Conservative investors looking for safe investment options and guaranteed returns opt for these schemes. Besides FD in banks, they can invest in any government-backed (post office) savings scheme. Some of the post office schemes include Kisan Vikas Patra (KVP), Sukanya Samriddhi Yojana (SSY),…
Retirement Planning: What can be the sources of income when you grow old. It can be the retirement corpus from schemes such as Employees’ Provident Fund (EPF) and National Pension System (NPS), it can be the rental income, or it can be return from long-term investment schemes such as fixed deposit (FD), National Savings Certificate…