Senior Citizen Savings
Latest news, explainers and analysis on Senior Citizen Savings. Tracking 3 stories on Arth Vani.
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Latest on Senior Citizen Savings
BreakingBank of Baroda Hikes Interest Rates on 555-Day Fixed Deposits: New Returns Detailed
Bank of Baroda (BoB) has increased interest rates on its special 555-day 'bob-360' term deposit scheme, offering up to 7.60% for senior citizens. The move aims to attract retail depositors amidst tightening liquidity in the banking system.
BreakingBajaj Finance Hikes Fixed Deposit Rates by up to 40 Bps; Senior Citizens to Get 8.85%
Bajaj Finance has increased interest rates on its Fixed Deposits by up to 40 basis points across various tenures. The non-banking financial company (NBFC) now offers a peak interest rate of 8.85% for senior citizens on specific tenures.
BreakingSCSS vs Post Office MIS: Where Should You Invest ₹5 Lakh for Better Returns?
Comparing two popular Post Office savings schemes, the Senior Citizens Savings Scheme (SCSS) currently offers a higher interest rate of 8.2% compared to the Monthly Income Scheme (MIS) at 7.4%. For a ₹5 lakh investment, SCSS provides significantly higher quarterly payouts and better tax benefits for eligible investors.
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