Which Bank Offers the Best Interest Rate for Savings 2018

The government of India offers the Senior Citizens Savings Scheme SCSS that assists senior citizens in saving for retirement and receiving quarterly interest payments. Interest rates are going up.

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SCSS offers an interest rate of 74 for the quarter ending 31 March 2022.

. Sure the increases mean it will cost more. The Federal Reserve in September raised rates for the third time in 2018. You can open an SCSS account with a minimum deposit of Rs1000.

And there could be one more rate hike in December.

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