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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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Senior Citizens Savings Scheme

Market basics
Also called: SCSS

A government-backed scheme for those aged 60 and over, paying quarterly interest, capped at ₹30 lakh per person.

In plain terms

The highest rate of the small savings group, sovereign-backed. A couple can place ₹60 lakh between them.

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Indian stock market glossary · Market Vidyalaya