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Senior Citizens Savings Scheme

Latest Articles


All about Senior Citizen Savings Scheme (SCSS)

Income Tax : Introduction: The Senior Citizen Savings Scheme (SCSS) has undergone significant updates following the November 2023 notification ...

January 17, 2024 41478 Views 0 comment Print

Retirement Planning Options & Strategies: From PPF to NPS

Finance : Discover key retirement planning options and strategies, from PPF to NPS. Explore government schemes, mutual funds, bank deposits,...

April 16, 2023 2190 Views 0 comment Print

वरिष्ठ नागरिकों के लिए लाभकारी कानूनों और योजनाओं का विश्लेषण

Income Tax : बुढ़ापा एक सामान्य मानवीय प्रक्रिया है जो मानव ज...

March 19, 2022 46518 Views 3 comments Print

Save Taxes the Right Way (Invest+Tax Savings)

Finance : It’s that time of the year when you need to invest in different investment products to enable tax savings for FY 2021-22 OR else...

March 6, 2022 8199 Views 0 comment Print

Comparison of Various Income Tax Saving Schemes 2021

Income Tax : Comparison of Various Saving Scheme  Article explains comparison of Various Saving Scheme for the purpose of Tax Planning & I...

January 26, 2021 5607 Views 3 comments Print


Latest News


Changes in Senior Citizen Savings Scheme

Finance : Stay informed about recent updates in small saving schemes post-retirement, including rules for opening accounts and time limits f...

February 7, 2024 2016 Views 0 comment Print

Clarification in operation of Senior Citizens’ Savings Scheme

Finance : In the operation of Senior Citizens’ Savings Scheme (SCSS), it has been noticed in few cases on the death of the account holder,...

September 30, 2022 2493 Views 0 comment Print

Investment Limit for Sr Citizens doubled to Rs.15 lakh under PMVVY

Corporate Law : The Union Cabinet chaired by chaired by Prime Minister Shri Narendra Modi has given its approval for extending the investment limi...

May 3, 2018 2283 Views 2 comments Print

Govt proposes single act for PPF & Govt small savings schemes

Finance : At present, premature closure of a Public Provident Fund (PPF) account is permitted on specified grounds on completion of five fin...

March 10, 2018 1740 Views 0 comment Print

Interest rate cut by 0.10% on KVP, PPF, SCSS 2004 & Sukanya Samriddhi

Finance : The interest rates of Public Provident Fund (PPF), Kisan Vikas Patra (KVP), Senior Citizens Savings Scheme, 2004 (SCSS 2004), and ...

November 30, 2016 3898 Views 0 comment Print


Latest Notifications


Revised Small Savings Schemes Interest Rates for July to September 2024

Corporate Law : Discover the latest interest rates for Small Savings Schemes for April-June and July-September 2024. Get detailed insights and com...

June 28, 2024 6111 Views 0 comment Print

Revised Small Savings Schemes Interest Rates for April-June, 2024

Finance : Read about the official memorandum from the Ministry of Finance on small savings schemes interest rates for the first quarter of F...

March 8, 2024 10329 Views 0 comment Print

Revision of interest rates for Small Savings Schemes w.e.f. 01.01.2024

Finance : Explore SB Order No. 23/2023 issued by the Government of India, Ministry of Communications, on the revision of interest rates for ...

December 29, 2023 1881 Views 0 comment Print

Revised Small Savings Schemes Interest Rates for January-March, 2024

Finance : Get the latest update on small savings scheme interest rates in India. Revised rates for Q4 2023-24 released by the Ministry of Fi...

December 29, 2023 10593 Views 0 comment Print

Revisions to Senior Citizen’s Savings, National Savings Time Deposit & PPF Schemes

Corporate Law : Explore the impact of SB Order No. 22/2023 on Senior Citizen's Savings Scheme, National Savings Time Deposit Scheme, and Public Pr...

November 14, 2023 1842 Views 0 comment Print


Govt relaxes guidelines related to small savings schemes

July 3, 2020 3711 Views 0 comment Print

Govt relaxes guidelines related to small savings schemes and allowed further relaxation till 31st July 2020 in respect of Post Office 1,2,3,5 Year Time Deposit, 5 Year Recurring Deposit Scheme, Senior Citizen Savings Scheme, Monthly Income Account, Public Provident Fund Scheme,  and Sukanya Samriddhi Account scheme. SB Order 25/2020 e.F. No 113-03/2017-SB(Pt.1) Govt. of India […]

Revised Small Savings Scheme interest rates w.e.f. 01.07.2020

July 1, 2020 7455 Views 1 comment Print

Rate of interest w.e.f 01.07.2020 to 30.09.2020 on Small Savings Scheme i.e. Post Office Savings Account, 1,2,3,5 Year Time Deposit, 5 Year Recurring Deposit Scheme, Senior Citizen Savings Scheme, Monthly Income Account, National Savings Certificate (VIII Issue), Public Provident Fund Scheme, Kisan Vikas Patra and Sukanya Samriddhi Account scheme. SB Order 24/2020 e.F.No 113-03/2017-SB(Pt.1) Govt. […]

TDS on interest on Post Office Saving Schemes reduced

June 26, 2020 7494 Views 0 comment Print

In order to provide more funds at the disposal of the taxpayers for dealing with the economic situation arising out of COVID-19 pandemic. the rates of Tax Deduction at Source (TDS) for the following non-salaried specified payments made to residents has been reduced by 25% for the period from 14th May, 2020 to 31st March, 2021.

Senior Citizens’ Savings (Amendment) Scheme, 2020 – Interest Rate Notified

May 5, 2020 3999 Views 0 comment Print

Senior Citizens’ Savings (Amendment) Scheme, 2020- The deposit made under this Scheme between 12th December, 2019 to 31st March, 2020 (both days inclusive) shall bear interest at the rate of 8.6 per cent per annum. The deposit made under this Scheme on or after the 1st day of April, 2020 shall bear interest at the rate of 7.4 per cent. per annum.

Massive interest rate cut on Small Savings PPF/ SSA/ NSC/KVP/SCSS

March 31, 2020 3111 Views 0 comment Print

Government has declared Rate of Interest on Small saving for the Quarter of April 2020 to June 2020 with Massive cut in in interest Rate ranging from 0.70 to 1.40 % per annum. For example rate of interest on PPF been reduced by 70 basis points to 7.1% per annum and same on Sukanya Samriddhi […]

Senior Citizen’s Savings Schemes – Amendments to procedural rules

February 14, 2020 5637 Views 0 comment Print

Amendments to procedural rules relating to Senior Citizen’s Savings Schemes in POSB(CBS) Manual in the light of recent changes circulated vide SB Order 13/2019 dated 18.12.2019.

It’s Not Too Late To Save tax!

January 22, 2020 8451 Views 2 comments Print

The deadline for making tax saving investments is 31 March. But, there is still time to adopt last minute tax saving tips to claims tax benefits offered by the Government. This article discusses some tax investment avenues which can be utilized before 31 March to lower one’s overall tax liability.

5 Last-Minute Income Tax Saving Instruments

January 19, 2020 14693 Views 7 comments Print

By now, you might have already submitted investment proofs to your company’s finance department to claim a tax deduction. However, if you have been running behind date, here are some useful tips to save your hard-earned money and taxes before the D-day.

8 Income Tax Saving Schemes with Good Returns & Tax Benefits

December 26, 2019 19182 Views 0 comment Print

Article discusses Rate of Interest, Limit of Investment and Income Tax Benefit from Investment in 8 Most Popular Tax Saving Instruments in India i.e.  1,2,3 and 5 year Time Deposit, 5 Year National Savings Certificates VIII Issue (NSC), 5 Year Post office Recurring Deposit(RD), 15 year Public Provident Fund (PPF), Post office Saving  Bank Account, […]

All you wanted to know about Senior Citizen Saving Scheme

December 18, 2019 14058 Views 9 comments Print

Senior citizens do not have any active income and ability to earn post their retirement, they thus depend on the interest income and cannot  take any risk with their money. Senior Citizen Saving Scheme (SCSS) is one of the avenue which gives better returns than other products and is perfectly safe. Let us discuss. Who […]

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