Senior Citizen Savings Scheme (SCSS)
A government-backed savings scheme designed specifically for individuals aged 60 years and above.
SCSS offers safe returns, regular income, and tax benefits, making it one of the most popular retirement investment options in India. Retired defense personnel can join at 50+ years, and voluntary retirees between 55–60 can also invest subject to conditions.
Investment Limits
Minimum deposit is ₹1,000, and the maximum is ₹30 lakhs. It requires a lump sum deposit (no monthly contributions).
Tenure
The tenure of the scheme is 5 years, which can be extended by a block of 3 years.
Interest & Tax Benefits
The interest rate is fixed by the government (averaging around 8%). Interest is credited every quarter to your bank account, ensuring a steady stream of income.
Investments are eligible for tax deduction under Section 80C (up to ₹1.5 lakh per year).
Maximize Your Retirement Income
Contact us to open an SCSS account and ensure a secure, regular income stream in your golden years.
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