Rs 7 lakh investment in SCSS vs SBI senior citizen FD: How much quarterly amount can senior citizens get for 5 years in each scheme?
Senior citizens often invest in Senior Citizens’ Savings Scheme and SBI fixed deposits for income. SCSS offers an 8.2% interest per annum with quarterly payouts, beneficial for regular cash flow. In contrast, SBI's senior citizen fixed deposit provides a lower rate of 7.05% with less frequent inter…
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