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  1. hi
    sir please tell me interest rate on 10 Year NSC

  2. Govt had announced that interest rate will be revised & be calculated quarterly . What does it mean ?

  3. Senior Citizen Saving Scheme (SCSS) , interest rates are being revised from 9.3 % to 8.6 % from 01/04/2016.
    1. Will the revised rates apply to accounts existing already or those opened after 1st April 2016 ?
    2. In case there is upward revision in FY 2016-2017 , Say in July 2016 , will this apply to accounts opened between 01-04-2016 and date of re-revision if any?
    Thanks for reading and replying

    • Hi D K Arora

      If you don’t have a pension and looking for a assured regular income with safety of capital after your retirement, you may have to invest in government-backed scheme like Senior Citizen Savings Scheme (SCSS) to secure a regular income to take care of your living expenses. The interest rate is locked in for five years at the rates prevailing at the time of your investment in SCSS. For example, if you open an account in the first quarter April-June 2016, you will get an interest of 8.6 per cent for the tenure of five years. The new interest rate announced every quarter will not be applicable to your existing accounts. It will be applicable to new accounts that are opened during that period.

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