2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.1%
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7.7%
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7.4%
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7.9%
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Detailed explanation-1: -The government has recently increased the interest rates for the Senior Citizen Savings Scheme (SCSS) for the January-March quarter of FY2022-23. For investments made in the January-March quarter, the Senior Citizen Savings Scheme offers an interest rate of 8 per cent per annum.
Detailed explanation-2: -SCSS Interest Rate Senior Citizen Savings Scheme (SCSS) interest rates for the fourth quarter (January-March) of FY 2022-23 is 8.0% p.a.
Detailed explanation-3: -Interest rate of Senior Citizen Savings Scheme was hiked by 20 bps to 7.6% and Kisan Vikas Patra by 1o bps to 7%. The interest rate of post office time deposit with a tenure of 3 years was raised by 30 bps to 5.8% and 2-year tenure by 20 bps to 5.7%.
Detailed explanation-4: -Senior Citizen Savings Scheme (SCSS) Interest Rate 2023: The current interest rate on SCSS deposits by senior citizens is 8%. The new rate was announced on December 30 and it would be applicable to deposits made in the SCSS account in the first quarter of the new year 2023.