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If I close SCSS FD of Rs 4 lakh after three years, is there any penalty? If any, what is the percentage? - Anonymous The Senior Citizen Savings Scheme (SCSS) has a tenure of five years and guarantees an annual return of 8 per cent, paid quarterly, for accounts opened between January and March 2023. While the interest rate is revised every quarter, it is only applicable to new accounts. The interest rate prevailing on the day of deposit determines the fixed rate for t
This article was originally published on March 20, 2023.
