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Reader’s question: I am planning to invest in the Senior Citizens' Saving Scheme (SCSS) for regular income. What's the maximum I can invest? - Anonymous
The current limit is Rs 30 lakh per individual. This was raised from Rs 15 lakh in the 2023 Union Budget, giving retirees more room to earn steady, government-backed returns.
If both you and your spouse are senior citizens, you can each open a separate SCSS account with a Rs 30 lakh limit. Each person must be the primary holder of their own account. You can add the other as a joint holder, but the investment limit is always counted against the first applicant's name. This means a couple can together invest up to Rs 60 lakh across two accounts.
At the current interest rate of 8.2 per cent, that combined investment generates around Rs 4.92 lakh a year, or roughly Rs 41,000 a month, in guaranteed income without any exposure to market risk.
One detail worth knowing: SCSS interest rates are reviewed every quarter. But once you open an account, the rate at the time of investment is locked in for the full five-year tenure. If you invest today at 8.2 per cent, you will continue receiving that rate until maturity, regardless of what happens to rates for new investors after that.
Also read: 70% Indian parents can't retire. Here's how to help yours
This article was originally published on March 24, 2025, and last updated on May 26, 2026.
Disclaimer: This content is for information only and should not be considered investment advice or a recommendation.
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