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Senior citizens: Comparing SCSS and bank FDs for safer returns, tax rules, income needs
For senior citizens, selecting the right investment instrument is crucial to ensure steady income and protection of capital. Among the most popular options are the Senior Citizen Savings Scheme (SCSS) ...
The Senior Citizen Savings Scheme (SCSS) is a popular savings option for individuals aged 60 and above in India. It offers a safe and attractive way for senior citizens to generate regular income ...
The Senior Citizens Savings Scheme (SCSS) is a government-backed savings initiative tailored for senior citizens to ensure a secure and regular income post-retirement. With guaranteed returns, tax ...
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SCSS vs Bank FD: Which investment scheme is offering 8.2% interest rate to senior citizens?
Many senior citizens invest in fixed deposits (FDs) for a steady income. However, with FD interest rates falling in the last few months, investors are getting lower returns on new FD investments ...
In this Post Office scheme, investors need to invest just once. The scheme gives a 7.40 per cent interest rate per annum. You can open a POMIS account with Rs 100 and then invest in multiples of Rs ...
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