Lock-in SCSS at 8.2% before potential rate cut from April 1

For retirees looking for a safe and steady source of income, the Senior Citizen Savings Scheme (SCSS) is one of the best options available today. With a guaranteed 8.2 per cent return, it offers higher fixed-income returns than most other instruments, along with the security of government backing. However, this quarter is about to end, and the government will soon announce the new small savings interest rates for the next quarter. With the RBI recently cutting the repo rate, from 6.50 per cent to 6.25 per cent, there is a possibility that SCSS rates could also be revised downward. Which means, if you are thinking of investing or maximising your investment in SCSS, this may be your last chance to lock in the current high interest rate of 8.2 per cent. There are chances of the government cutting back SCSS rates from April 1, 2025. Impact of repo rates on SC

This article was originally published on March 25, 2025.