The government has not made any changes to the interest rates on small savings schemes for October to December. The Senior Citizen Savings Scheme will continue to offer you the same 8.2% annual interest rate this quarter.
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Senior Citizen Savings Scheme: If you want to make your life comfortable after retirement and require a fixed monthly income, the Post Office’s Senior Citizen Savings Scheme (SCSS) could be an excellent option for you. The government has not made any changes to the interest rates on small savings schemes for October to December 2025 (Q3 FY26), meaning you will continue to earn the same 8.2 percent annual interest rate on the Senior Citizen Savings Scheme this quarter. So, let us tell you today how investing in this scheme for senior citizens can generate a monthly income of over 20,000 rupees.
What is the Senior Citizen Savings Scheme (SCSS)?
This scheme is specifically designed for retired or senior citizens to ensure they receive regular income even after retirement. You deposit a lump sum amount and receive interest on it every three months. This interest is directly credited to your post office savings account.
How much interest will you receive?
Currently, this scheme offers an interest rate of 8.2 percent per annum. This interest is credited to your account every three months, i.e., on April 1, July 1, October 1, and January 1. If you invest up to ₹30 lakh in this scheme, you will earn approximately ₹246,000 in interest over a year. Since interest is paid quarterly, ₹61,500 will be credited to your account every three months. If we look at it on a monthly basis, then the income is around Rs 20,500 every month, which means you will get a fixed amount for expenses every month without any tension.
Investment Limits and Who Can Open This Account?
You need a minimum of ₹1,000 to open an account under this scheme. The maximum investment you can make is ₹30 lakh. This scheme is for 5 years, meaning your money will be protected for 5 years and you will receive interest every three months. After 5 years, you can extend this scheme for three consecutive years, meaning your income will continue. If you wish, you can withdraw the money upon maturity and invest it elsewhere. Anyone 60 years of age or older can open an account under this scheme. Additionally, anyone between 55 and 60 years of age and retired through VRS can also invest. Anyone who has retired from the Defense Department and is between 50 and 60 years of age can also benefit from this scheme.
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