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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


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

May 3, 2018 2379 Views 2 comments Print

The Union Cabinet chaired by chaired by Prime Minister Shri Narendra Modi has given its approval for extending the investment limit from Rs 7.5 lakhs to Rs 15 lakhs as well as extension of time limits for subscription from 4th May 2018 to 31st March, 2020 under the Pradhan Mantri Vaya Vandan Yojana (PMVVY) as part of Government’s commitment for financial inclusion and social security.

Govt proposes single act for PPF & Govt small savings schemes

March 10, 2018 1764 Views 0 comment Print

At present, premature closure of a Public Provident Fund (PPF) account is permitted on specified grounds on completion of five financial years from the date of opening of account. Opening of accounts in the name of a minor is permitted under all the small savings scheme except the Senior Citizens’ Savings Scheme.

Interest rates for Small Savings Scheme for 01.01.2018 to 31.03.2018

December 27, 2017 6525 Views 2 comments Print

Rates of interest on various small savings schemes for the fourth quarter of financial year 2017-18 starting 1st January, 2018 and ending on 31st March, 2018, on the basis of the interest compounding payment built-in in the schemes, shall he as under.

Senior Citizens Savings Scheme (Amendment) Rules, 2017

October 3, 2017 8967 Views 0 comment Print

In the Senior Citizen Savings Scheme Rules, 2004, in rule 2, in clause (d), in sub-clause (ii), in the second proviso, for the words irrespective of the above age limit the words on attaining the age of fifty years shall be substituted.

Interest rates for Small Savings Schemes for Q4 of FY 2016-17

February 9, 2017 2529 Views 0 comment Print

The Government of India, had vide their Office Memorandum (OM) No.F.No.1/04/2016–NS.II dated December 30, 2016 advised the rate of interest on various small savings schemes for the fourth quarter of the financial year 2016-17 (copy enclosed).

Interest rate of PPF, SCSC, Sukanya Samridhi, NSC wef 01.01.2017

December 30, 2016 13615 Views 2 comments Print

interest on various small savings schemes for the fourth quarter of financial year 2016-17 starting on 1st January, 2017 and ending on 31st March,2017,

Falling interest rates and plight of senior citizens

December 21, 2016 4489 Views 2 comments Print

Before the previous last RBI meet,  there was an increased expectation of rate cuts by RBI as a measure of providing impetus to the economy after a demonstration.  That RBI maintaining status quo on repo rates at 6.25% is a negative thing for most people but senior citizens in India. Citing increased liquidity available and […]

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

November 30, 2016 3952 Views 0 comment Print

The interest rates of Public Provident Fund (PPF), Kisan Vikas Patra (KVP), Senior Citizens Savings Scheme, 2004 (SCSS 2004), and Sukanya Samriddhi Account (the Girl Child Scheme) were reduced by 0.10 percentage point for the quarter 01.10.2016 to 31.12.2016, and not 0.10 percentage per annum.

Senior Citizen Savings Schemes – Taxation and Status

November 26, 2016 7756 Views 1 comment Print

Senior Citizen Savings Schemes deposits are eligible for deduction under section 80C of Income Tax Act but interest earned on deposit is taxable.

Interest rates on Small Savings Schemes for Oct,16 to -Dec,16

September 29, 2016 3682 Views 0 comment Print

On the basis of the decision of the Government, interest rates for small savings schemes are to be notified on quarterly basis. Accordingly. the rates of interest on various small savings schemes for the third quarter of financial year 2016-17 starting on 1st October, 2016 and ending on 31st December, 2016

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