Latest Updates on the Post Office Senior Citizen Saving Scheme 2023 in tamil|SCSS|Tamil Thittam
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This vedio is fully explained about senior citizen saving scheme with example
What is the interest rate of post office senior citizen FD 2023?
The government has increased interest rate on SCSS for the AprilJune 2023 quarter to 8.2%from 8%. As per the Post Office website, “Interest is taxable if total interest in all SCSS accounts exceeds Rs.50,000/ in a financial year and TDS at the prescribed rate shall be deducted from the total interest paid
What is senior citizen scheme in post office 2023?
In Budget 2023, the Senior Citizen Savings Scheme (SCSS) investment cap was raised from Rs 15 lakh to Rs 30 lakh. The governmentbacked Senior Citizen Savings Scheme (SCSS) was established in 2004 with the goal of giving seniors a reliable and secure source of income for their postretirement years.
Will post office interest rate increase in 2023?
The government on Friday raised interest rates on most post office saving schemes by up to 0.7 per cent for the AprilJune 2023 quarter in line with the firming of interest rates in the economy.
Will SCSS interest rate increase in 2023?
By India Today Information Desk: The Government of India (GOI) has declared the new interest rate for the small savings scheme that will be effective from April 1, 2023. In this small savings scheme, the government has also increased the rate of interest for senior citizens from 8% to 8.20%.



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