Senior Citizens' Savings Scheme

Government of India · Public schemes

Rate a year: 8.20%

Facts read on · Source

The facts

Term
5 years
Deposit
₹1,000 to ₹30 lakh
Tax
80C; interest taxed

Worth knowing

For people aged 60 and over (some retired people from 55). Interest is paid every quarter. The account runs five years and can be extended in blocks of three. The rate on the day it is opened holds for the term.

Rate history

Rates are added, never edited, so earlier rates stay on this page.

  1. : 8.20% · 60-month term

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