Senior Citizen Savings Scheme
Senior Citizen Savings Scheme:
- 9% interest per annum payable quarterly.
- Minimum Deposit: Rs 1000 and multiples thereof.
- Maximum Limit : 15 Lakhs.
- The scheme is for 5 years and can be extended for a further period of 3 years.
- Premature closure facility is available after 1 year with nominal penelaty.
- Risk free investment.
- Individual aged of 60 years and above can invest.
- Retiring employees aged 55 years and above can invest under scheme.
- No TDS.
- Joint account can be opened with spouse.
To Read FAQ’s on Senior Citizen Saving Scheme Click here.
To Apply Invest in Senior Citizen Saving Shemes Planning for Investment Ask our Experts here by Government of India Post Office/ Postal Department New Latest Schemes Interest Rates.
Related posts:
Tags: Options for Senior Citizen, Senior Citizen Schemes, Senior Citizen Schmes in India
Senior Citizen Scheme | admin December 11, 2009
No Comments
No comments yet.
RSS feed for comments on this post.
Inquiry
Fill up the form below with your Investment Amount, Period, City Name, Contact Number, Date of Birth to generate detail presentation. Our Sales Executive will contact you shortly.
Thank you.
Thank you.
