Senior Citizens Saving Scheme

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Senior Citizens Saving Scheme, 2004 – FAQs

Senior Citizens Saving Schemes: The government has announced the introduction of a new saving scheme called the Senior Citizens Saving Scheme in the Budget 2004-05. The scheme will be available through post offices initially, to persons above 60 years of age and will have a maximum deposit ceiling of Rs. 15 lakh. The deposits will carry an interest rate of 9 per cent per annum. The following are the FAQ of The Senior Citizens Saving Scheme, 2004 ........... More
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