If an SCSS account is closed after a year but before two years, 1.50 per cent of the deposit is deducted; likewise, banks may reverse the interest credited to a matured account but not closed
The Centre increased the rate of interest across small savings schemes for the first quarter of FY24, i.e., the April-June 2023 quarter by 20-70 basis points across different schemes. Here’s how they compare to the rate of...
