interest rate on the savings scheme for senior citizens in the year 2023 !

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SCSS Senior Citizen Savings Scheme Interest Rate :

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Banks currently offer an interest rate of 7.6 percent on deposits of senior citizens.

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In view of no change in the said interest rate till December 31, 2022, the said interest rate will continue in the first quarter of the year 2023 as well.

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Recently, the repo rate was increased by the Reserve Bank of India in view of inflation.

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After which a change in the rate of interest on the savings scheme of senior citizens was being expected. However, 9 percent interest is still being given by some banks on fixed deposits.

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scss interest rate year 2023 ?

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The Government of India revises the interest rate of senior citizens' savings scheme on a quarterly basis.

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Whose separate amendment is to be done by the end of this month

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If this amendment is not done, then in the first quarter of the year 2023 also the rate of interest will be given as before.

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