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SCSS

Senior Citizens Savings Scheme

Interest Rate: 8.2%
⏱️Tenure: 5 Years
💰Min: ₹1,000

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Overview

Senior Citizens Savings Scheme is exclusively for senior citizens, offering quarterly interest payments with attractive interest rates.

Key Features

Minimum Amount₹1,000
Maximum Amount₹30 Lakh
Tenure5 Years
Interest Rate8.2%

Eligibility Criteria

  • Individual above 60 years
  • Above 55 years if retired
  • Defense personnel above 50 years

Benefits

  • Highest interest rate for seniors
  • Quarterly interest payment
  • Tax deduction under 80C
  • Premature closure allowed

🏛️Tax Information

Investment qualifies for deduction under Section 80C. Interest is taxable.

Quick Calculator

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Quick Facts

  • • Fixed interest rate of 8.2%
  • • Simple interest
  • • Tenure: 5 Years
  • • Government guaranteed returns

💡 Pro Tip

Use our calculator to compare different investment amounts and see how your money grows over time.