{"id":9555,"date":"2022-07-26T15:50:15","date_gmt":"2022-07-26T10:20:15","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=9555"},"modified":"2022-07-26T15:55:29","modified_gmt":"2022-07-26T10:25:29","slug":"senior-citizens-savings-scheme-scss-benefits-eligibility-account-opening-interest-rate","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/senior-citizens-savings-scheme-scss-benefits-eligibility-account-opening-interest-rate\/","title":{"rendered":"Senior Citizens Savings Scheme (SCSS) \u2013 Benefits, Eligibility, Account Opening, Interest Rate"},"content":{"rendered":"\n

During retirement<\/a>, the focus should be to manage your accumulated funds rather than investing it in risky avenues like equity<\/a>. An ideal investment then would be one that primarily offers capital protection, so you don\u2019t gamble away your funds. And if the savings avenue offers stable returns, nothing like it. One such option is the government-backed Senior Citizens Savings Scheme (SCSS), which offers the safety of capital, steady returns, and tax benefits.<\/p>\n\n\n\n

Read more about SCSS, benefits, eligibility, the application process, and tax rules in this article.<\/p>\n\n\n\n

Particulars<\/strong><\/td>Details<\/strong><\/td><\/tr>
Investment amount<\/td>A maximum of Rs.15 lakh<\/td><\/tr>
Tenure<\/td>5 yrs<\/td><\/tr>
Senior Citizens Saving Scheme interest rate<\/a><\/td>7.40% p.a. (Q2 FY 2022-2023)<\/td><\/tr>
Premature withdrawal<\/td>Allowed<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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Table of Contents<\/p>\n<\/span><\/div>\n