SCSS
Senior Citizens' Savings Scheme
A 5-year government deposit for people aged 60 or more that pays interest every quarter.
Deposit up to ₹30 lakh once; the rate on the day you invest applies for 5 years, and you can extend by 3 years. The deposit counts for 80C in the old regime; the interest is taxable.
Senior Citizens' Savings Scheme Calculator
Quarterly interest on a Senior Citizens' Savings Scheme deposit at this quarter's rate, up to the ₹30 lakh limit.
Related terms
Rules as of tax year 2026-27. Written by the Welthr team; last reviewed on . Not financial advice.