SCSS Key Features
Available to citizens aged 60+ (55+ for VRS retirees). 5-year tenure, extendable by 3 years. Interest paid quarterly. Minimum ₹1,000, maximum ₹30 lakh per individual (increased from ₹15L in Budget 2023). Section 80C: Investment is deductible. TDS: Applies if quarterly interest > ₹50,000 (senior citizen limit). Joint accounts allowed (spouse).
⚠️ Disclaimer: SCSS rates revised quarterly by GoI. Verify at India Post or authorised banks. Source: Ministry of Finance, NSSF.
Last Updated: June 2025 · Reviewed by Wolf Office Tools Editorial Team