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Should I open a new SCSS account to secure a higher interest rate?

SCSS now offers an attractive 8.2 per cent interest rate

Research Desk

Should I open a new SCSS account to secure a higher interest rate?

dhanak हिंदी में भी पढ़ें read-in-hindi

I opened a Senior Citizen Savings Scheme (SCSS) account two years ago at an interest rate of 7.4 per cent. Considering the current higher interest rate of 8.2 per cent, would you recommend closing and reopening the account to benefit from this rate? What penalties would apply? - Anonymous

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