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Senior Citizen Savings Scheme (SCSS) || Highest Interest Rate

Duration: 06:39Views: 899Likes: 30Date Created: Jan, 2020

Channel: Banker Support

Category: Science & Technology

Tags: highest interest ratemaximum depositsenior citizen savings schemefixed depositfor senior citizensbank depositscsssahkari yojanapost office depositgovernment schemesafe deposit

Description: Senior Citizens Savings Scheme(SCSS) is a government-backed savings instrument for Indian residents aged over 60 years.The deposit maturity period is 5 years from the date of account opening but can be extended once by an additional 3 years. The SCSS interest rate for January to March 2020 has been set at 8.6%. In reviewed by ministry of finance and changed Quarterly.

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