Spouse with joint account or sole nominee can continue with account of deceased under Senior Citizen Savings Scheme Central Government has amended the Senior Citizens Savings Scheme Rules, 2004 vide NOTIFICATION NO. GSR 392(E) [F.NO.4/2/2012/NS-II], DATED 9-6-2014. In the above said notification, it is said that when the account of deceased is a joint account or […]
PPF, SCSS Rates Cut by .1% w.e.f 1st April, 2013
The Reserve Bank today notified a 0.1 per cent reduction each in interest rates on the Public Provident Fund ( PPF) and the Senior Citizen Savings Scheme (SCSS), to be effective from the financial year beginning April 1, 2013. The rate of interest on PPF has been lowered from 8.8 per cent to 8.7 per […]
Everything on Senior Citizen Savings Scheme
All you wanted to know about Senior Citizen Savings Scheme (SCSS) The Senior Citizen Savings Scheme (SCSS) is often referred to as the best alternative for the elderly to invest their money. Is this justified? Here’s a detailed look at all the features of the Senior Citizen Savings Scheme, and an analysis of whether you […]