Senior Citizen Savings Account: UPSC Daily Important Topic | 9 July 2022
Senior Citizen Savings Account
✓ the 5-year Senior Citizen Savings Account can be opened by anyone who is over 60 years to age.
✓It carries an interest of 7.4% per annum payable quarterly and qualifies for Section 80C tax benefit.
✓These time-tested and safe modes of investments don’t offer quick returns, but are safer when compared to market-linked schemes.
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