senior citizen savings scheme/scss interest calculator/best regular income scheme/post office plans
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- Опубликовано: 24 мар 2024
- Senior Citizen Savings Scheme (SCSS)
From 01.01.2024,interest rates are as follows:-
8.2 % per annum, payable from the date of deposit of 31st March/30th Sept/31st December in the first instance & thereafter, interest shall be payable on 31st March, 30th June, 30th Sept and 31st December.
Salient features:
(a)Who can open:-
(i) An individual above 60 years of age.
(ii) Retired Civilian Employees above 55 years of age and below 60 years of age, subject to condition that investment to be made within 1 month of receipt of retirement benefits.
(iii) Retired Defense Employees above 50 years of age and below 60 years of age, subject to condition that investment to be made within 1 month of receipt of retirement benefits.
(iv) Account can be opened as individual capacity or jointly with spouse only.
(v) The whole amount of deposit in a joint account shall be attributable to the first account holder only.
(b)Deposit:-
(i) Minimum deposit shall be Rs. 1000 and in multiple of 1000, subject to maximum limit up to Rs. 30 lakh in all SCSS accounts opened by an individual.
(ii) In case any excess deposit made in SCSS account, excess amount will be refunded immediately to the depositor and only PO Savings Account Interest rate will be applicable from the date of excess deposit to the date of refund.
(iii) Investment under this scheme qualifies for the benefit of section 80C of Income Tax Act, 1961.
(c)Interest:-
(i) Interest shall be payable on quarterly basis and applicable from the date of deposit to 31st March/30th June/30th September/31st December.
(ii) If the interest payable every quarter is not claimed by an account holder, such interest shall not earn additional interest.
(iii) Interest is taxable if total interest in all SCSS accounts exceeds Rs.50,000/- in a financial year and TDS at the prescribed rate shall be deducted from the total interest paid. No TDS will be deducted if form 15 G/15H is submitted and accrued interest is not above prescribed limit.
(d)Premature Closure:-
(i) Account can be prematurely closed any time after date of opening.
(ii) If account closed before 1 year, no interest will be payable and if any interest paid in account shall be recovered from principle.
(iii) If account closed after 1 year but before 2 year from the date of opening, an amount equal to 1.5 % will be deducted from principal amount.
(iv) If account closed after 2 year but before 5 year from the date of opening, an amount equal to 1 % will be deducted from principal amount.
(e)Account closure on maturity:-
(i) Account may be closed after 5 year from the date of opening by submitting prescribed application form with passbook at concerned Post Office.
(ii) In case of death of account holder, from the date of death, account shall earn interest at the rate of PO Savings Account.
(f)Extension of Account:-
(i) Account holder may extend the account for further period for 3 years from the date of maturity by submitting prescribed form with passbook at concerned post office.
(ii) Account can be extended within 1 year of maturity.
(iii) Extended account shall earn interest at the rate applicable on the date of maturity.
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Simple and good video 👍
మీ ఎక్షప్లైనేషన్ బావుంది ప్రస్థుతం మీరు చెప్పిన వడ్డించిన రెట్లు ఏ పోస్టాఫీసు లేదు ,దయ చేసి ప్రస్తుతం వడ్డిం రేట్తేంతోవ విశది కరించగలరు.ధన్యవాదాలు
8.2%
Very useful information
Sir Meeru Koncham nemmadiga clear cheppithe baguntundi. Chala speed gachebuthunnaru. Artham chesukovadaniki kasttanga vundi
Ok Andi
Since no savings is allowed in New Tax regime, SCSS interest should be exempted from Taxable income.
Government will declare interest rate will chabge as per government guidelines.. starting rate of jnterest will not continue..fixed rate if ibterest will not applicable throughout period
Yes
Some body
Is
Talking
For
Senior
Citizens.
Slow delivery is required.
Becz
If not all some seniors...lack
Pure tone clarity.
No need of volume
It ha to be told slowly.
👍👍👍
If we open with 2laks in scss ..can we claim 150000 tax benifit for each year till 5 yrs???
I deposited 15 Lakhs in 2020 January. At that time 8.6% was existing. Every quarter ie, on April, June,Sep& on Dec end Rs 32250/ is giving. From then onwards interest rate was reducing & not reached to it as on date.
Bro.. 3month's కి 32250aaa
Thanks for the info bro
Sir you are only explaining the negative side but is there any positive zide
Phone pay gold investment gurimchi full video chesandi anna
Okavela vyakthi chanipithe ventane money return teesukovacha without penalty or 5 years lopu compulsary ga vunchala 4 % vaddi teetukuntu normalga ?
Amount Return tesukovachu
Sir 5 to 10 lacs between vache interest ki TDS em undada? for example 7 lacs vache interest TDS emina untunda?
TDS Untundi.10%
Konni charges mean???
Ladies age limit anta sir.
Tq
Andariki oke limit
👌 br
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