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Senior Citizens Savings Scheme; PM Modi made this announcement for Senior Citizens, will get double benefit till March, Ministry of Finance issued notification

Senior Citizens Savings Scheme

Senior Citizens Latest News: Senior Citizens have a lottery on the first day of the new year. If you are also taking advantage of the government scheme (Government Scheme ) then from today you will get more money. The Ministry of Finance has issued the notification and informed about this.

Senior Citizens Savings Scheme: The lottery has taken place on the first day of the new year of senior citizens. If you are also taking advantage of the government scheme (Government Scheme ) then from today you will get more money. The government has recently increased the interest of Small Savings Scheme. After this decision, employees will get interest at the rate of 8 per cent. Please tell that the new interest rates have come into force from today. The Ministry of Finance has issued the notification and informed about this.

Notification issued by Finance Ministry
According to the notification of the Ministry of Finance, the first government was giving interest benefit at the rate of 7.6 per cent on the Senior Citizens Savings Scheme. At the same time, from today i.e. from January 1, people will get interest at the rate of 8 per cent. 40 basis points will get more interest in this scheme. 

Interest rates are reviewed every quarter
Let me tell you that the interest on Small Savings Scheme is reviewed every quarter. Earlier in October, the government increased the interest of some schemes even in October. 

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At what age can the account open?
You must be 60 years old to open an account in SCSS. Only people 60 years or older can open accounts in this scheme. Apart from this, people who have taken VRS (Voluntary Retirement Scheme ), can also open accounts in this scheme.

How much can minimum investment?
The minimum amount for opening an account in this scheme is (Minimum Amount ) Rs 1000. If we talk about maximum investment, it is Rs 15 lakh. If the amount of opening your account is less than one lakh rupees, then you can also open the account by paying cash. At the same time, to open an account at more than one lakh rupees, you have to pay a check. 

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