Senior citizen savings scheme

Senior Citizen Savings Scheme (SCSS): A Secure Investment for Retirees

March 16, 2025 by Arindam

Senior Citizen Savings Scheme: Stability and security in one’s financial situation are prerequisites for retirement. To aid retirees in taking charge of their financial futures, the Indian government established the Senior Citizen Savings Scheme (SCSS). For those 60 and above, the government offers a savings plan called the Senior Citizens Savings Scheme (SCSS) that pays …

Senior Citizen Savings Scheme, Fixed Deposits in Post Office are More Attractive After Union Budget 2025

February 4, 2025 by Arindam

Introduction There is good news for seniors in the Union Budget 2025, especially those who depend on fixed-income programs like the SCSS. Changing the Tax Deducted at Source (TDS) policy, the government has raised the TDS exemption ceiling for older folks from ₹50,000 to ₹1 lakh on interest income. Effective from April 1, 2025, this …