Senior Citizens Savings Scheme (SCSS)

Central Government Pension Verified Scheme Department of Financial Services
Type
Central Government
Category
Pension
Status
Published

About This Scheme

Post-retirement savings scheme offering 8.2 percent interest per annum with quarterly payout for citizens aged 60 plus.

Senior Citizens Savings Scheme (SCSS) is a government-backed small savings scheme open to senior citizens of India. It offers one of the highest interest rates among small savings instruments with quarterly interest payouts, tax benefits under Section 80C and full sovereign guarantee. The account can be opened at any post office or authorised bank and has a five-year tenure extendable by three years.

Benefits

Interest of 8.2 percent per annum paid quarterly, investment limit up to Rs.30 lakh, tax deduction under Section 80C, five year tenure extendable by three years, sovereign guarantee on deposits.

Eligibility

Indian residents aged 60 years and above. Retired personnel above 55 and below 60 years within one month of receiving retirement benefits and retired defence personnel above 50 and below 60 years are also eligible.

Who Can Apply

Senior citizens aged 60 plus, retired persons aged 55 to 60, and retired defence personnel aged 50 to 60 who have received retirement benefits.

Who Cannot Apply

Persons below 55 years of age, NRIs and Persons of Indian Origin, HUFs and partnership firms, individuals who have already invested the maximum of Rs.30 lakh across SCSS accounts.

Required Documents

1
Aadhaar Card
2
Age Proof
3
Passport Size Photograph
4
Retirement Proof (for 55-60 age group)
5
Address Proof
6
Cheque or Cash for Deposit

Application Process

Open the account at any post office or authorised bank branch by submitting Form A along with documents. Interest is credited quarterly to the linked savings account.

How to Apply Through FORM FILL

Step 01
Click "Apply Online"
Sidebar mein "Apply Online" button pe click karein. Agar login nahi hai toh pehle login karein.
Step 02
Fill Application Form
Apna naam, pita ka naam, mobile, email, Aadhaar, DOB, gender, category, address aur bank details bharein.
Step 03
Submit & Save Data
Form submit karein. Aapka data FORM FILL mein securely save ho jayega.
Step 04
Complete on Official Website
Official government website pe redirect hokar final submission karein. Hamare through apply karna 100% free hai.

Apply Now

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Scheme Information

Type Central Government
Category Pension
Ministry Ministry of Finance
Department Department of Financial Services
Status Published
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