All retired senior citizens are finding it difficult to meet both their ends due to the double whammy of constant inflation accompanied with reducing interest rates all around. The interest rates offered by banks on fixed deposits have come down to around 6%. Though the private banks and corporate offer higher rates, they cannot risk their limited resources there. In such an environment, government-guaranteed Senior Citizen Savings Scheme (SCSS) offers a better alternative.
Health, life insurance premiums need a tax cut? GoM to meet on October 19
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