Senior Citizen Savings Scheme — Quick Overview
| Scheme Name | SCSS – Senior Citizen Savings Scheme 2026 — 8.2% Interest | ₹30 Lakh Maximum | Post Office |
| Launched By | Government of India |
| Launch Year | 2004 |
| Benefit | 8.2% interest quarterly + Section 80C tax benefit + ₹30 lakh maximum deposit |
| Category | Finance |
| Last Verified | 2 May 2026 |
| Official Portal | https://www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=89 |
What is Senior Citizen Savings Scheme?
Senior Citizen Savings Scheme (SCSS) is a government-backed savings scheme specifically for senior citizens (60+ years) offering the highest guaranteed interest rate among all small savings schemes — 8.2% per annum (paid quarterly). Maximum deposit ₹30 lakh per person. Backed by Government of India, completely safe. Available at all post offices and select banks.
Under this scheme, eligible beneficiaries receive 8.2% interest quarterly + Section 80C tax benefit + ₹30 lakh maximum deposit. The scheme was launched in 2004 and is implemented by the Government of India.
वरिष्ठ नागरिक बचत योजना (SCSS) 60 वर्ष+ के वरिष्ठ नागरिकों के लिए सरकार की सबसे आकर्षक बचत योजना है। 8.2% प्रति वर्ष ब्याज (तिमाही) — सभी small savings schemes में सर्वाधिक। अधिकतम ₹30 लाख। भारत सरकार की गारंटी। सभी डाकघरों और चुनिंदा बैंकों में उपलब्ध।
8.2% तिमाही ब्याज + Section 80C में ₹1.5 लाख तक छूट + ₹30 लाख अधिकतम जमा
Benefits of Senior Citizen Savings Scheme
8.2% interest quarterly + Section 80C tax benefit + ₹30 lakh maximum deposit
Who is Eligible for Senior Citizen Savings Scheme?
- ✓Indian resident aged 60 years or above
- ✓Retired government employees aged 55-60 years (within 1 month of retirement)
- ✓Retired defence personnel aged 50-60 years
- ✓NRIs and HUFs are NOT eligible
- ✓Joint account allowed — but first holder must be 60+
Documents Required for Senior Citizen Savings Scheme
How to Apply for Senior Citizen Savings Scheme Online?
- 1नजदीकी Post Office या SBI/Bank की शाखा में जाएं
- 2Form A (SCSS account opening) भरें
- 3Aadhaar, PAN, age proof और फोटो जमा करें
- 4₹1,000 से ₹30 लाख तक deposit करें (₹1,000 के multiples में)
- 55 साल maturity period — quarterly interest payment
- 6SBI Yono App या Post Office से online भी apply कर सकते हैं
Official Government Portal
Apply directly on the official government website. This is the only authorised portal — never pay anyone to apply on your behalf.
🔗Apply on www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=89Frequently Asked Questions — Senior Citizen Savings Scheme
📰 Latest News & Updates — Senior Citizen Savings Scheme
Related Finance Schemes
PM Suraksha Bima Yojana — ₹2 Lakh Accident Insurance
PMSBY provides accidental death and disability insurance cover of ₹2 lakh for just ₹20 per year, renewable annually through bank auto-debit.
Atal Pension Yojana 2026 — Guaranteed ₹1,000–₹5,000 Monthly Pension | APY Registration
Atal Pension Yojana provides a guaranteed monthly pension of Rs.1,000 to Rs.5,000 after age 60 to unorganized sector workers. Over 7 crore subscribers enrolled. Small monthly contributions from age 18 ensure a dignified retirement income. Contributions also qualify for Section 80CCD(1B) tax deduction up to Rs.50,000.
PM Jeevan Jyoti Bima Yojana 2026 — Rs.2 Lakh Life Insurance at Rs.436/Year
PM Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed renewable term life insurance scheme that offers Rs.2 lakh death cover for any cause at just Rs.436 per year. The premium is automatically debited from the subscriber's savings bank account every year between 25 May and 31 May. Launched in 2015 under Pradhan Mantri Jan Suraksha Yojana, the scheme is available to all bank account holders aged 18 to 50 years and is administered through partner public and private sector banks.
PM Jan Dhan Yojana 2026 — Zero Balance Bank Account + ₹2 Lakh Insurance
Pradhan Mantri Jan Dhan Yojana (PMJDY) is India's largest financial inclusion scheme with 56+ crore accounts. Any Indian citizen can open a zero-balance savings account with free RuPay debit card, ₹2 lakh accident insurance, ₹30,000 life insurance, and ₹10,000 overdraft facility.