Senior Citizen Savings Scheme (SCSS) allows people over 60 to save and invest money. This Senior Citizen Savings Scheme scheme was launched in 2004. The primary goal of this SCSS scheme is to assist senior citizens in acquiring an income after retirement to enable them to enjoy a peaceful retirement. If you are retiring shortly, the SCSS scheme is one of the best retirement investment schemes to help you manage your finances. In this scheme, you are provided with the protection of your capital and other quarterly interest as a source of income.
In addition to being backed by the government, the Senior Citizen Savings Scheme is one of the most reliable sources of income available to seniors for investing money. As well as allowing you to claim income tax exemption, you can also benefit from investing money in the Senior Citizen Savings Scheme retirement scheme. Below are some key features to consider when choosing Senior Citizen Saving Scheme
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About Author:Aman is working in the domain of Investment management in one of the top universities. He has published research papers and case studies in Investment and Fixed Deposit marketplace. He is an avid blogger in the domain of Investment management. you can also find him on social networking platforms. Archives
August 2022
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