📌 Latest status & updates — Senior Citizen Savings Scheme
Checked 1 Oct 2026 · Payment calendar · Check eligibility
Latest articles
- Vayoshri Yojana 2026 · 4 Oct 2026
- SCSS Rules & Interest 2026 · 28 Sep 2026
- Senior Citizen Savings SCSS · 17 Sep 2026
1. Policy Overview & Objectives
Senior Citizen Savings Scheme (SCSS) is a sovereign risk-free small savings program offering guaranteed 8.2% quarterly income and Section 80C tax deduction for senior citizens.
2. Key Highlights & Parameters
3. Eligibility Criteria
- Individual aged 60 years or above.
- Retired civilian employees aged 55-60 years (investing within 1 month of receiving retirement benefits).
- Retired defense personnel aged 50+ years.
4. Mandatory Documents Required
Aadhaar Card, PAN Card, Passport, or Senior Citizen Card.
Employer retirement certificate and retirement dues disbursement proof.
2 passport size photos and savings account for quarterly interest ECS credit.
5. Step-by-Step Application Process
Visit Post Office / Bank
Visit nearest Post Office branch or authorized commercial bank (SBI, PNB, HDFC, ICICI, etc.).
Submit Form A
Fill SCSS Application Form A along with KYC documents and nomination details.
Deposit Funds
Deposit amount via cheque/DD (up to ₹30 Lakh) and receive SCSS Passbook with scheduled quarterly interest payout.
6. Interactive Policy Calculator
Calculate Benefits for Senior Citizen Savings Scheme (SCSS)
Use our updated 2026 mathematical algorithm with latest rates.
Launch Senior Citizen Savings Scheme (SCSS) Calculator →7. Frequently Asked Questions (FAQs)
Yes, the account can be extended for an additional 3-year block by applying within 1 year of maturity.
Annual interest is ₹2,46,000, which yields ₹61,500 every quarter.
Rajesh Kumar
Senior Policy Analyst & Certified Financial Planner | M.A. Public Administration (DU) | Certified Financial Planner (CFP)