Widely read:
The Senior Citizen Savings Scheme (SCSS) is a risk-free government-backed scheme that offers a guaranteed return to the retirees. The scheme has a tenure of five years, but you also have an option to extend it by another three years. Every quarter, the government announces the rate of interest for SCSS and if you deposit your money in that quarter, the rate of interest as applicable on the day of deposit gets locked in for the entire tenure of five years. So if you invested in SCSS in 2017 and the interest
This article was originally published on August 24, 2022.
