9% GOI Senior Citizens Savings Scheme
Who can invest?
- Resident Indians Aged 60 Years & above can invest in the scheme.
- Investment can be made jointly with spouse.
Interest Rate: 9% P.A.
Interest Payable: Quarterly.
Period: 5 Years.
Minimum Investment: Rs.1000
Maximum Investment: Rs.15 Lakhs.
Investment Tenure: Maturity Period is 5 years (Extendable by 3 years).
TDS: No TDS will be deducted.
Nomination: Nomination facility available.
Early Encashment: Premature withdrawal is allowed after 1 year.
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