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Senior Citizen Savings Scheme rules changed: The government had issued a notification on November 7, 2023. Along with small savings schemes like Public Provident Fund, National Savings Certificate, the rules of Senior Citizens Savings Scheme have also changed.
Submission of jeevan pramaan patra is crucial for ensuring your monthly pension and it needs to be done in November, and you have two options for submission – either visit your pension-disbursing authorities (PDAs) in person or opt for the online method.
National Pension Scheme encourages people to invest in a pension account at regular intervals during the course of their employment. After retirement, the subscribers can take out a certain percentage of the corpus. As an NPS account holder, you will receive the remaining amount as a monthly pension post your retirement.
The Senior Citizen Savings Scheme is a reliable and secure way to ensure a stable income during your retirement years. It’s a government-backed initiative that offers financial security, tax benefits, and competitive interest rates, making it an excellent choice for senior citizens looking to safeguard their future.