Can SCSS be extended beyond 5 years? If yes, for how long?

The Senior Citizen Savings Scheme (SCSS) has long been a favourite among retirees looking for safety, steady income, and decent returns. Traditionally, SCSS accounts ran for a fixed term of five years, with a one-time extension of three years. After that eight-year mark, the account had to be closed. Investors were then forced to look elsewhere—often at lower interest rates or into riskier instruments.

This article was originally published on June 16, 2025.