SCSS rate for current quarter is declared at 8.7% compared to 8.3% in an earlier quarter.
So those who invested at that time when it was 8.3% p.a. rate will they get 8.7% viz. the higher rate or is it fixed rate for the five year tenure. ? Also is it better to open the SCSS in nationalised bank or Post Office ? Kindly advise
Nationalised bank better or P.O. ? If NBank, any preferred one ?? Kindly advise
Both are same. You can prefer as per your comfort.
It is fixed for that period and it will not change in the middle as and when there is a change in interest rate.
Thank you Sir for clarifying this. Is is better to open in nationalised bank or P.O. ? I mean in case any quarter the interest is not credited, I am told it is easier to do follow up with bank rather than P.O. ?