Salient features of the Senior Citizens Savings Scheme, 2004

1. What are the salient features of the Senior Citizens Savings Scheme, 2004? The salient features of the Senior Citizens Savings Scheme, 2004 are given below. Tenure of the deposit account 5 years, which can be extended by 3 years. Rate of interest 9.3 per cent per annum Frequency of computing interest Quarterly Taxability Interest is fully … Read more