The Economic Affairs Department has issued guidelines for small savings scheme accounts opened in violation of the stipulated rules.

Public Provident Fund (PPF) is a voluntary long-term small savings scheme that provides attractive interest rates and tax benefits. Learn more

Senior citizens are risk-averse and, therefore, prefer investments that can provide guaranteed income options and returns. Here’s a list of small savings instruments they could choose from for getting guaranteed income in their retirement years

At around 7.5 per cent to eight per cent interest rates, it seems to be the most favourable rate scenario for senior citizens across fixed deposits and small savings schemes.