Senior Citizens Saving Scheme
✓ Information verified — June 2026Introduced in 2004 by the Govt. of India, SCSS offers a steady stream of income for individuals over 60 years old. As it is a government-backed scheme, there is minimal risk associated with SCSS. Individuals can apply for this scheme in post offices and public and private banks.
What You Get
- Fixed interest income paid regularly (quarterly)
- Government-guaranteed returns with minimal investment risk
- Tax benefits on interest earned up to a certain limit
- Flexible deposit amounts within the scheme limits
- Option to renew the account after maturity
- Accessible through post offices and authorized banks nationwide
Who Can Apply
- Age: 50–100 years
- Minimum age of 60 years
- Indian citizen
- No maximum age limit for opening an account
- Resident and Non-Resident Indians both eligible
- No specific income limit requirement
Documents Needed
0/5 collected
- 1. Aadhaar Card
- 2. PAN Card
- 3. Bank Passbook
- 4. Identity Proof
- 5. Address Proof
How to Apply
- 1Check your eligibility criteria above
- 2Gather all required documents listed below
- 3Visit the official portal (linked below)
- 4Fill the application form online / offline
- 5Submit the form and note your application reference number
- 6Track status on the official portal or visit nearest CSC
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Quick Facts
- Scheme Level
- Central Government
- Ministry
- Ministry Of Finance
- Category
- Social Welfare
- Target Gender
- All genders
- Age Group
- 50–100 years
- Application
- Check portal
- Last Updated
- 14 Jun 2026
Official Source
Last Verified
14 June 2026
Official Portal
www.myscheme.gov.in/schemes/scssNodal Ministry
Ministry Of Finance
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