Senior Citizen Savings Scheme DECODED!

Interest Rate Explained

Unlike volatile markets, SCSS offers a fixed interest rate of 8.2% per annum, paid quarterly. Secure a consistent income stream for your golden years!

Bigger Investments, Bigger Returns!

The SCSS deposit limit has increased to Rs 30 lakhs. Invest more, earn more, and strengthen your retirement nest egg!

Save on Taxes

SCSS investments qualify for tax deductions under Section 80C, up to Rs 1.5 lakh. Save money on taxes and watch your retirement savings flourish!

Who Can Open an SCSS Account?

Here's the good part! Indian citizens aged 60+ and retired employees (defense at 50, civilian at 55) can open an SCSS account. Is this you?

Visit a bank or post office, fill out the SCSS form, submit necessary documents, and explore if this scheme fits your needs.

Flexible Tenure

The SCSS offers a 5-year tenure with an option to extend for 3 more years. Choose the timeframe that best suits your financial goals!

Unlike volatile markets, SCSS offers a fixed interest rate of 8.2% per annum, paid quarterly. Secure a consistent income stream for your golden years!

Steps to Open an SCSS Account

Visit a bank or post office, fill out the SCSS form, submit necessary documents, and explore if this scheme fits your needs.