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Everything to know about Senior Citizen Savings Scheme

This savings scheme backed by the government aims to facilitate savings among senior citizens. Let's know about it.

Value Research

What is Senior Citizen Savings Scheme?
Retirement brings with itself several complications and doubts, but there are savings products that are safe and ensure guaranteed retirement income. The Senior Citizen Savings Scheme (SCSS), launched in 2004, is a deposit scheme introduced by the Government of India to provide guaranteed returns to senior citizens. This scheme ensures a regular income stream for senior citizens post- retirement.

This article was originally published on January 03, 2022, and last updated on February 14, 2023.

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