Senior Citizen Savings Scheme: Answering all your queries

This financial year, the interest rate for small saving schemes (SSS) was increased from 7.6 per cent in December 2022, to 8 per cent in Jan 2023; and finally to 8.2 per cent in April 2023. Senior Citizen Savings Scheme (SCSS)​​ stood out with the highest return. No wonder, it is now a very lucrative option for senior citizens or anyone who wants to help their parents or elderly relatives manage their money. So, here we have answered all the questions regarding this scheme.

This article was originally published on May 12, 2023.