Senior Citizen Saving Scheme 2023. Cleartax is a product by defmacro software pvt. Finance minister nirmala sitharaman on wednesday proposed to double the deposit limit for senior citizen savings scheme to ₹ 30 lakh and monthly income account scheme to ₹ 9 lakh.
Introduced in 2004 by the govt. These rules apply on who can invest, how much time.
Introduced In 2004 By The Govt.
Finance minister nirmala sitharaman on wednesday proposed to double the deposit limit for senior citizen savings scheme to ₹30 lakh and monthly income.
Rate Of Interest Is As Decided By Ministry Of Finance From Time To Time.
The senior citizen savings scheme (scss), launched in 2004 is a deposit scheme introduced by the government of india to provide guaranteed returns to senior citizens.
In This Small Savings Scheme, The Government Has Also Increased The Rate Of Interest For Senior Citizens From 8% To 8.20%.
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These Rules Apply On Who Can Invest, How Much Time.
The senior citizen savings scheme (scss) has undergone significant updates following the november 2023 notification (sb order no.
While The Government Has Hiked The Investment Limit Under The Senior Citizen Saving Scheme (Scss) By Rs 15 Lakh To Rs 30 Lakh, It Is To Be Noted That The Other.