Question
What is the Senior Citizen Savings Scheme (SCSS) interest and limit?
Answer
Bottom line: SCSS earns 8.2% a year for the July–September 2026 quarter, for those aged 60+, up to ₹30 lakh.
1. Rate
8.2% for the current quarter, paid quarterly.
2. Limit and tenure
Maximum deposit ₹30 lakh, over a 5-year term (extendable by 3 years).
3. Tax
Qualifies for 80C; the interest is taxable, with TDS if it exceeds ₹50,000.
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This answer is general information based on the law as it stood when written and is not professional advice on your specific situation. Verify the current position and consult a qualified professional before acting. See our disclaimer.