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Why Senior Citizen Savings Scheme Makes Sense Even Now?




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The pandemic has forced even the most established economies of the world to rethink their financial strategy. For the commoner, things have changed as well, with a growing emphasis on limiting expenses and increasing savings. Senior citizens or people more than 60 years old are more susceptible to financial risk as their income stream is unlike the other age categories. For such senior citizens, let us understand why the senior citizen savings scheme still makes sense in the current times.

What is SCSS (Senior Citizen Savings Scheme)?

SCSS is a useful and long-term saving financial instrument that offers protection and additional facilities which are typically part of any government-sponsored savings or investment scheme. These schemes are available via approved banks and post offices across India. 

Who is eligible for SCSS?

  • Senior citizens aged 60 years or older in India
  • Retirees in the 55-60 age range opted for the Voluntary Retirement Scheme (VRS) or Superannuation. Here, the contribution must be made within a month of the retirement benefits being received
  • Retired defence workers who are at least 50 years of age
  • HUFs and NRIs are currently not eligible to invest

Benefits of SCSS

  • Stability: Being a government-backed scheme, senior citizen saving schemes in banks and other locations offer all the stability and assertion associated with all government schemes.

  • High-interest rate: The framework has a high 7.4% annual interest rate, which is better than any of the business 80C tax savings instruments.
  • Tenure: The account has an initial maturity period of five years, although this can be extended to another three years. Such a feature encourages senior citizens to have this saving scheme as a medium or long-term investment product in their financial portfolio.

  • Tax: Under the section 80C of the IT Act, 1961, up to Rs. 1.5 lakh per annum, the investment made under this scheme is tax-deductible.

  • Flexibility: One can invest in multiples of Rs. 1,000 up to the overall limit of Rs. 15 lacs.

  • Withdrawal: A premature withdrawal option in the event of a financial emergency (with applicable penalties) and the amount would be credited to your online bank savings account
  • Quick accessibility: The instrument can be operated anywhere in India via Post Offices or designated bank branches.

  • Nomination: When opening an SCSS account, the nomination facility is accessible by applying part of Form C. The Branch passbook also accompanies this request.

Information needed for Senior Citizen Savings Scheme

Before you open a senior citizen savings scheme in banks and post offices, you need to provide the below information:

  • Name of Applicant and PAN
  • Name of the father/mother/husband/wife of the primary applicant
  • In the case of a joint SCSS account with a partner, you must state your spouse’s name, age, and address
  • Sum and amount of Cheque/Demand Draft (if applicable)
  • Name, age, and address of the nominee 


SCSS should be the first preference of senior citizens who want risk-free returns on their savings because the deposits under the scheme give you higher returns than those typically available under other comparable secure investment avenues.

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How to withdraw Bitcoins in cash on the same day? How to create a Bitcoin wallet on

Abbax khan



How to withdraw Bitcoins in cash on the same day? How to create a Bitcoin wallet on
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Hello to all traders! Today we’ll show you how to convert your Bitcoin to cash on the same day! Yes, yes it is possible with the fantastic instant wallet-to-wallet transfer platform, of course I mean the awesome!

This platform is different from the others, and its great advantage is that it allows users to make immediate Bitcoin withdrawals for real money!

You know that Bitcoin is a great cryptocurrency. But it’s not all about buying Bitcoin, you also have to sell Bitcoin! In other words, sometimes it is necessary to convert it into fiat currency, cash, USD, INR, or any currency of your choice.

Still, here is the procedure to withdraw bitcoins immediately, safely, and without any transaction fees with no limit wallet.

Step 1: Register on the

Of course, if you want to withdraw and exchange your Bitcoin in cash, you need to register on a crypto buying and selling exchange!

Registering at only takes a few seconds. In addition to the login email address and a password you will have to enter your phone number, your address as well as an identity photo.

Site administrators will verify your identity from there before letting you access the platform. Don’t panic, you’ll see it’s really super simple!


Step 2: Deposit or Transfer Bitcoin directly from current your current exchange

Yes, to withdraw and exchange your Bitcoins in fiat money, of course, you must already deposit them in advance in your wallet that you have just created. You should know that you have the option to instantly transfer your bitcoins from your current wallet to This greatly simplifies the procedure!

As soon as the Bitcoins have been sent to your new wallet, your request for conversion into real money begins!

After about 15 minutes you will have the option to sell bitcoins around 150+ countries and then withdraw them in USD or any other currencies. Isn’t life beautiful?

Step 3: change your Bitcoins for cash

That’s it, your Bitcoins are now stored in your wallet. Now you can choose to sell Bitcoins and exchange them for example for USD. For the transaction, the price of Bitcoin is based on the current market price, no bad surprises on this point!

The conversion of your Bitcoins is real-time and immediate. And yes friends with just one click cryptocurrency reserve is changed into USD or even the currency of your choice.

Step 4: Enjoy your USD for real

When Bitcoins have indeed been changed into USD, they immediately appear in your official bank account that you entered when you created your account.

You can then withdraw Bitcoins in banknotes directly into your account or even use them to make an online purchase. There, it’s up to you to know how you are going to use your USD!

Also note that if you are having difficulty creating your account (although it is really very easy), you have the option of accessing personalized assistance by email, phone and also online chat.

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Check in for the best football betting

Ody Team



Check in for the best football betting
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Are you tired of allowing the bookmakers to carry on taking your cash? If so, then what you need is the highly innovative and comprehensive guide to creative football betting. “The แทงบอล Betting ” takes a scientific and often far from conventional view to a game that can, when approached the right way, lead to large profits season after season. This guide teaches and encourages you to be creative and very different when choosing your football bets.

This guide will open your eyes to a whole new way of thinking when it comes to the betting industry, particularly in football which is such an exciting sport to watch, and even more so when you have money riding on it! Gary Christie is a professional sports writer and gambler. He is a regular contributor to the sporting media, appearing on programs for Attheraces and writing for publications such as In The Know Magazine and the Mirror Group’s Sunday Sun.

A successful horse-racing gambler, Gary has now turned his attention to the rapidly growing football betting market. Applying his original and creative approaches, Gary has produced a detailed guide on what it takes to be successful in football betting.

What time do you post your football tips?

We post all of our football tips by 10 pm the night before each match. By posting at this time, we can both thoroughly research team news and get value before the start to shorten. Be sure to check the website at this time to get maximum enjoyment from our tips.

How do your experts make their tips?

Here at mgwin8, our expert tipsters analyze statistics, team news, form, and a whole lot more before making their selections. They use all the information available to them, going beyond basic analysis to ensure today’s tips have the highest possible chance of a positive outcome. Given their wealth of experience and knowledge, it’s easy to trust them.

How to bet on football tips

There are a number of ways to bet on our football tips, but the best is through a bet. You can check out the best of these on our bets page, which compiles the best special offers from Thailand’s biggest bookmakers and puts them in one place.

Please remember that  mgwin8 are committed to responsible gambling and have a number of ways to help you stay in control and keep gambling fun.

Which are your best-performing football tips?

All of our football betting tips are compiled by industry experts, so it’s hard to pick one. However, we do post results on our football betting blog, so feel free to head over and check out some of the huge accumulators’ wins we’ve enjoyed.

What Saturday football tips do you offer?

Saturday is the prime day for league action, and so naturally most of our tips are geared towards the Premier League and other top European leagues. Due to the abundance of league action on this day, our most popular football tips for Saturday are often accumulators. Who doesn’t love the idea of turning £10 into £500 over the course of an afternoon? But if access isn’t your thing, no fear – you’ll find a full complement of weekend football tips available, including both teams to score, correct score, and anytime goalscorer.

How about your weekend football betting tips?

The weekend is a punters paradise and we have tips for the whole weekend. From the lunchtime kick-off on Saturday all the way through to Sunday’s late-night South American league action, we have you covered. We boast a full schedule of accumulators which includes win-draw-win, both teams to score and both teams to score and win.

Do you offer any in-play betting tips?

We do. Our in-play betting tips go up every day and give you the chance to cash in on the most exciting, immersive betting experience around. Our in-play tips are not only a favorite amongst our followers but are also among our best-performing tips. If you’re a fan, give them a try!

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