Senior Citizens Savings Scheme
Want better returns than FDs? Here are top five government-backed schemes you can consider
Bank fixed deposits are favored by risk-averse investors for stable returns. However, if you are seeking alternative schemes that are backed by the government and offer higher interest rates than most FDs, here's a list of options.
4 min read18 May 2026SCSS maturity rules explained: Can senior citizens extend their account's tenure?
The Senior Citizens Savings Scheme offers retirees a popular fixed-income investment with government backing and quarterly payouts. Eligible individuals can invest, extend their accounts multiple times, and earn an 8.2% annual interest rate.
3 min read12 May 2026SCSS account rules: Who can invest, how much interest you get and what tax applies
The Senior Citizens Savings Scheme (SCSS) offers Indian retirees a secure investment with guaranteed returns. Eligible individuals can invest a minimum of ₹1,000, with a maximum limit of ₹30 lakh. The scheme provides attractive quarterly interest payouts and tax benefits under Section 80C.
1 min read9 May 2026How much monthly income does ₹25 lakh FD generate in 2026? These banks offer interest rates up to 7.75%
A fixed deposit of ₹25 lakh can offer a stable monthly income as many banks give up to 7.75% interest. However, before deciding on any investment product, one should consult a certified financial planner.
4 min read7 May 2026Senior citizens' FD: How to earn ₹50,000 monthly income with SCSS, POMIS and bank fixed deposits in 2026
Fixed deposit investment strategies can help retirees and senior citizens generate a safe, predictable monthly income of ₹50,000 through fixed deposits, small savings schemes, and a balanced portfolio allocation strategy.
4 min read6 May 2026SCSS monthly income guide: See how investments of ₹10 lakh, ₹20 lakh and ₹30 lakh can earn safely in retirement
You can secure a steady retirement income with the Senior Citizen Savings Scheme (SCSS) as investments of ₹10 to ₹30 lakh generate predictable monthly returns.
2 min read30 Apr 2026Senior Citizen Savings Scheme (SCSS): Here's a look at eligibility, interest rate, tax benefits, and investment limit
The Senior Citizens Savings Scheme offers a retirement plan for individuals over 60, allowing investments from ₹1,000 to ₹30 lakh for five years at 8.2% interest. Here's all you need to know…
2 min read21 Apr 2026How to earn ₹20,000 per month using SCSS while getting tax benefits? Explained
SCSS is a government-backed small savings scheme designed for senior citizens to keep their finances steady after retirement. SCSS gives Indians over the age of 60 to have a secure and safe investment avenue.
3 min read14 Feb 2026RBI MPC meeting: 5 things that senior citizens should do THIS month for higher returns
RBI MPC meeting: RBI Governor Sanjay Malhotra announced a repo rate cut that will affect bank fixed deposit interest rates, particularly impacting senior citizens
4 min read6 Jun 2025Small savings schemes: Interest rates on PPF, SSY, SCSS remain unchanged for January-March quarter; Check rates
Small savings schemes: The interest rates for small savings schemes have remained unchanged for the last four quarters. The government last made changes for some schemes in the fourth quarter of last fiscal.
2 min read31 Dec 2024Wait for it…
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