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Senior Citizens Savings Scheme

Latest Articles


Senior Citizen/ Super Senior Citizen – Income Tax Benefits allowable

Income Tax : Learn about tax benefits for senior and super senior citizens, including deductions on health insurance, medical expenses, interes...

September 6, 2024 1599 Views 0 comment Print

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 46356 Views 1 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 2334 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 47052 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 8313 Views 0 comment 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 2271 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 2511 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 2379 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 1764 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 3952 Views 0 comment Print


Latest Notifications


Small Savings Schemes Interest Rates for January to March 2025

Finance : Interest rates for Small Savings Schemes for Q4 of FY 2024-25 will remain unchanged from Q3, effective January 1, 2025....

January 1, 2025 5613 Views 0 comment Print

Revised Small Savings Schemes Interest Rates for October to December 2024

Finance : The Government of India keeps interest rates unchanged for Small Savings Schemes for Q3 FY 2024-25, effective from October 1 to De...

September 30, 2024 18525 Views 0 comment Print

Revised Small Savings Schemes Interest Rates for July to September 2024

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

June 28, 2024 6648 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 10665 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 2115 Views 0 comment Print


5 Last-Minute Income Tax Saving Instruments

January 19, 2020 14771 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 19263 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 14229 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 […]

Senior Citizens’ Savings Scheme, 2019- Detailed Analysis

December 17, 2019 7236 Views 3 comments Print

Government has notified new Senior Citizens’ Savings Scheme, 2019 w.e.f. 12th December, 2019 vide notification No. G.S.R. 916(E). Article explains  Opening of account under Senior Citizens’ Savings Scheme, 2019, Deposit under Senior Citizens’ Savings Scheme, 2019, Interest on deposit under Senior Citizens’ Savings Scheme, 2019, Premature closure of account under Senior Citizens’ Savings Scheme, 2019, […]

Senior Citizens’ Savings Scheme, 2019

December 12, 2019 10518 Views 1 comment Print

An individual fulfilling the following conditions may open Senior Citizens’ Savings Scheme account by making an application in Form-1 to the accounts office (i) who has attained the age of sixty years on the date of opening of the account; or

Govt withdraws rules related to PPF, NSC, NSS, Sukanya Samriddhi etc.- Issued New Rules

December 12, 2019 32112 Views 7 comments Print

Central Government rescinds rules, namely The Post Office Savings Account Rules, 1981, The National Savings Time Deposit Rules, 1981, National Savings Recurring Deposit Rules, 1981, National Savings (Monthly Income Account) Rules, 1987, National Savings Certificate (VIII Issue) Rules, 1989, Senior Citizens Savings Scheme Rules, 2004, Kisan Vikas Patra Rules, 2014 and Sukanya Samriddhi Account Rules, […]

Senior Citizens Savings Scheme (Amendment) Rules 2019

July 16, 2019 7392 Views 5 comments Print

These rules may be called the Senior Citizens Savings Scheme (Amendment) Rules, 2019. They shall be deemed to have come into force on the 1st day of July, 2019.

Tax benefits for senior citizens/ Super Senior Citizens

August 29, 2018 93801 Views 29 comments Print

1) The Income Tax Act identifies a senior citizen as a person who is 65 years of age or more at any time during the previous year. It provides for special benefits for such persons.2) As per the IT Act, senior citizens who have an income up to Rs

Let your Investments Evolve With Your Life

July 10, 2018 1847 Views 0 comment Print

As we progress in life, our goals and milestones are modified. Not only have we changed the way we live but we also change our perception of the future. Our life’s goals include factors such as travelling, medical benefits, financial independence and zero liabilities.

Top 5 Smart Tax Saving Options

July 6, 2018 36106 Views 8 comments Print

As the end of financial year draws near, many of my friends who were least bothered about tax saving investments throughout the year, have started hunting down options to park their surplus funds and consequently save up on taxes.

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