Government May Hike SCSS Interest Rate Above 8 Percent Under Senior Citizen Savings Scheme

Senior Citizen Savings Scheme: Many schemes have been started under the Small Savings Scheme. Senior Citizen Scheme is one of these. Under this scheme, interest and tax benefits are given to senior citizens. Looking at the changes in small savings schemes by the end of this month, people are expecting that the government can increase the interest of Senior Citizens Savings Scheme.

A change was made regarding this in December last year or in the last quarter. During the last quarter, along with the Senior Citizen Savings Scheme, the interest of many other savings schemes was increased. At present, 8 percent interest is being given in this scheme of senior citizens.

Why interest may increase under SCSS

During the last few quarters, there has been a sharp increase in the policy rates, while on the contrary, the interest of Senior Citizen Saving Scheme or small savings schemes has increased at a slow pace. At the same time, the increase in the inflation rate can also affect it. Some experts believe that the government can increase it once again.

Why the interest of the scheme cannot increase

Some people also believe that in the last quarter itself, the government had increased the interest of small savings schemes. In such a situation, it is expected that the government will not increase the interest of Senior Citizen Saving Scheme this quarter. In December last year, the interest of this scheme was increased to 8 percent.

Investment limit has increased

If senior citizens invest in this scheme, then now they will be able to invest up to 30 lakhs instead of 15 lakhs. During this budget presented in February, the government has increased the limit of investment in it to Rs 15 lakh. Under this scheme, you can apply by going to the post office or bank.

read this also

Aadhaar Card Update: These things will be changed sitting at home in Aadhaar card, know what will be updated offline

SSC CHSL Tier 1 Result Released At See Direct Link Here And Check Cut Off

SSC CHSL Tier 1 Result 2023 Released: Staff Selection Commission has released the results of Combined Higher Secondary Level Tier ...
Read More

Roshibina Devi cries while talking about Manipur violence Asian Games 2023 Sports News

Roshibina Devi on Manipur violence: Indian Wushu player Roshibina Devi created history by winning the silver medal in the Asian ...
Read More

Lindsay Hubbard poses in gold revenge dress on post-breakup bachelorette trip

Lindsay Hubbard stunned in a sheer revenge dress for one of the final nights of what would have been her ...
Read More

Elon Musk’s Starlink To Get License Next Month In India

Starlink: Elon Musk's company Starlink can start its high speed internet facility in India from next month. For this, the ...
Read More

Sarabjot Singh Shiva Narwal Arjun Singh Cheema Win Gold In 10 Meter Air Pistol Men’s Team

Asian Games medal table: Indian players have made a great start on the fifth day of the Asian Games. Indian ...
Read More

From Credit Debit Card To Special FD Schemes Know About The Financial Changes In October 2023

Financial Rules Changing From 1 Oct 2023: The month of September has now come to an end and soon the ...
Read More

SSC Stenographer Grade C Exam 2023 Registration Begins Apply At Till 21 October Know Details

SSC Stenographer Grade C Recruitment 2023 Registration Begins: Some time ago, Staff Selection Commission had announced recruitment for the post ...
Read More

Bank Locker Rule How Safe Are Wealth Including Jewelery Kept In A Bank Locker

Bank Locker Rules: Millions of people in the country use bank lockers to keep their valuable assets like gold, silver ...
Read More

Most sixes in international cricket Rohit Sharma Chris Gayle IND Vs AUS Sports News

Most sixes in international cricket: Indian captain Rohit Sharma played a brilliant innings in Rajkot. Rohit Sharma played a brilliant ...
Read More

Taylor Swift plans to cheer for Travis Kelce at the upcoming Chiefs and Jets game: report

Taylor Swift is gonna be back in the bleachers. NFL insider Jordan Schultz reported that the “You Belong With Me” ...
Read More

Leave a Comment