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What is Senior Citizen Savings Scheme (SCSS)?

What is Senior Citizen Savings Scheme (SCSS)?

12 February 2025 | 4 mins read

The Senior Citizen Savings Scheme (SCSS) is a government supported savings scheme tailored for individuals aged 60 years and above. It is designed to provide retirees with a secure and regular income while ensuring their financial independence post-retirement. SCSS offers an attractive combination of safety, convenience, and returns, making it one of the most preferred investment options for senior citizens in India. Let’s understand this investment avenue, its eligibility criteria, interest rates, and tax implications to make informed decisions towards a financially secure retirement.

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