Categories: Banking

Interest Rate of Senior Citizen Savings Schemes in india

Gold Monetization Scheme (GMS)

Interest Rate of Senior Citizen Savings Schemes in india. Currently, the SCSS interest rate is 7.4%. The Government of India revises the SCSS interest rate, along with other savings schemes, on a quarterly basis. The SCSS Interest Rate 2022 (for the first quarter of the New Year 2022) has remained unchanged.
1.5% of the deposited amount if withdrawn before the completion of 2 years 1% of the amount on withdrawing after the completion of 2 years.
Account can be opened with a minimum deposit of Rs 1,000 or any amount in multiples of Rs 1,000, but not more than Rs 15 lakh. The scheme allows you to have many accounts. The total amount of deposits in all SCSS accounts, however, must not exceed the maximum limit. Section 80C allows for a deduction for investments made in the SCSS account.

Opening an SCSS account

Account can be opened with a minimum deposit of Rs 1,000 or any amount in multiples of Rs 1,000, but not more than Rs 15 lakh. The scheme allows you to have many accounts. The total amount of deposits in all SCSS accounts, however, must not exceed the maximum limit. Section 80C allows for a deduction for investments made in the SCSS account.

Top Stock Broker Agency

senior citizen (SCSS)

Recent Posts

  • Uncategorized

जगन्नाथ मंदिर

जगन्नाथ मंदिर जगन्नाथ मंदिर जो हिंदू धर्म मे विष्णु के एक रूप भगवान जगन्नाथ को समर्पित है । जो भारत… Read More

7 hours ago
  • Entertainment

Stree-2

Stree-2 : is an upcoming Hindi- language comedy horror movie. The movie is directed by Amar Khushik and Produced by… Read More

7 hours ago
  • Mobile

Infinix Note 40 5G All Details

Infinix Note 40 5G All Details Lunch Date Infinix Note 40 5G mobile was launched on 21 June 2024 In India.… Read More

7 hours ago
  • Entertainment

Sky Force

Sky Force: The story based on true story. The upcoming Hindi language action thriller movie. The movie is directed by… Read More

7 hours ago
  • Mobile

Realme GT 6T 5G All Details

Realme GT 6T 5G All Details Lunch Date Realme GT 6T mobile was launched on 28 May, 2024 In India. Price… Read More

8 hours ago
  • News

Antilia kicks off Anant Ambani, Radhika Merchant wedding festivities with mameru ceremony. Watch

Mameru Ceremony:- The Ambani's home- Antilia has been decoared with lavish red, pink, white, and orange flowers. A few musicians… Read More

8 hours ago