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Interest Rate On Senior Citizen Savings Scheme (SCSS) Increased: 5 Things To Know
20 Sep 2018, 08:13 PM IST 
Senior Citizen Savings Scheme offers a tax-free income up to Rs 50,000 in a financial year.
Investment in small savings schemes such as SCSS or Senior Citizen Savings Scheme will fetch higher returns from October 1. The government has announced up to 0.4 per cent increase in interest rates applicable to small savings schemes such as SCSS for the quarter ending December 31, 2018, according to a statement by the Ministry of Finance. Money invested in a Senior Citizen Savings Scheme account will earn an interest rate of 8.7 pe...
