08/01/2023
Why Senior Citizens' Saving Scheme (SCSS)?
Here are a few reasons why you should invest in SCSS:
SCSS is an Indian government-sponsored investment scheme and hence is considered safe and most reliable.
SCSS account includes a simple process and can be opened at any authorized bank or any post office in India.
The account is transferable across India.
The scheme offers a high-interest rate on the deposit.
Get an income tax deduction of up to Rs.1.5 lakh under Section 80C of the Indian Tax Act, 1961.
The 5-year tenure of the account can be extended for another 3 years.
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Read this to know, Senior Citizens’ Savings Scheme (SCSS), Eligibility Criteria, Holding Tenure, Age Limit, Interest Rate, Benefits, etc.
