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Senior citizen saving scheme के फायेदे -IndianMoney Hindi

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Senior Citizen Savings Scheme (SCSS) is an ideal investment option for senior citizens who want safety and regular income from the investment. Any Indian citizen above 60 years is eligible to invest in this scheme. When compared to a savings account and fixed deposit Senior Citizen Savings Scheme offers a good interest rate. This scheme is eligible for tax deduction up to Rs. 1.5 lakh under Section 80C of the Income Tax Act. Under this scheme, Interest is calculated on a quarterly basis and paid to you every quarter. Watch this video to know everything about the Senior Citizen Savings Scheme (SCSS).

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