Senior Citizen Saving Scheme (SCSS) is an important post office scheme for senior citizens which provide extra interest rate. This scheme was introduced in the year 2004 as a part of post office savings scheme. Under the Senior Citizen’s Savings Scheme, individuals are allowed to deposit any amount up to Rs.15 lakh.
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What is the Senior Citizen Saving Scheme?
The Senior Citizen Saving Scheme is a government-backed savings scheme offer by Post office in india. This scheme is open to Indian citizens who are 60 years and above. This scheme supports a maximum deposit of Rs.30 lakhs, with a tenure of 5 years.
Senior Citizen Saving Scheme Interest Rates
SCSS is a government-backed scheme. SCSS currently stands at 8.2% per annum for this quarter. PPF is 7.1%, NSC is 7.7% and other Post Office rates remain unchanged for Oct–Dec 2025. Senior Citizen Savings Scheme interest is more than typical Bank FDs. FD interest is usually credited yearly, whereas SCSS credits quarterly on the first working day.
Post Office Interest Rates
| National Savings Certificate (NSC) | 7.7% compounded p.a. but payable at maturity |
| Public Provident Fund (PPF) | 7.1% compounded yearly |
| Kisan Vikas Patra (KVP) | 7.5% compounded yearly |
| Senior Citizen Savings Scheme (SCSS) | 8.2% p.a.; interest paid quarterly on 1st working day of Apr/Jul/Oct/Jan |
| Post Office Recurring Deposit Account (RD) | 6.7% p.a. compounded quarterly |
| Time Deposit Account (TD) | 6.9% (1 year), 7.0% (2 year), 7.1% (3 year), 7.5% (5 year) p.a. calculated quarterly |
| Sukanya Samriddhi Yojana (SSY) | 8.2% p.a. compounded annually |
| Post Office Monthly Income Scheme (MIS) | 7.4% per year, payable monthly |
| Post Office Savings Bank Account | 4% p.a. |
Age Limit and Eligibility for Senior Citizen Savings Scheme
- Individuals above 60 years.
- Account can be opened singly or jointly with spouse only.
- Retired civilian employees aged 55 to 60 years.
- The whole deposit in a joint account is attributable to the first holder.
Documents Required to Open SCSS Account
- Two passport-size photographs
- Identity proof, such as a PAN card, Voter ID, Aadhaar card or passport.
- Proof of address, such as Aadhaar card or telephone bills.
- Proof of age, such as PAN card, Voter ID, birth certificate or senior citizen card.
List of Banks that Offer SCSS
Apart from the post office, the Government authorized 24 public sector banks and one private bank provide Senior Citizen Saving Scheme. Under public sector banks, these banks have the authority to open accounts under SCSS:
- Punjab National Bank
- Indian Bank
- Andhra Bank
- Senior Citizen Saving Scheme SBI
- Syndicate Bank
- Canara Bank
- UCO Bank
- Allahabad Bank
- Bank of Maharashtra
- IDBI Bank
- Vijaya Bank
- United Bank of India
- Indian Overseas Bank
- Union Bank of India
- Dena Bank
- Central Bank of India
- Corporation Bank
- Bank of India
- Bank of Baroda
- ICICI Bank
SCSS Account Opening Form PDF
You can download the SCSS application form for account opening from the India Post website. If you are facing any problem in downloading the form then you can download the form by clicking on the button given above.
How to fill in the Post Office SCSS application form?
You can open your account at any post office across India. Here are the steps to fill the Post Office SCSS application form:
- Enter the Post Office branch name
- Enter the account number if you already have the savings account with Post Office
- Enter the branch address of the Post Office under the ‘To’ section
- Paste the photograph of the accountholder
- Enter the name of the accountholder and tick on SCSS option.
- Only if you are applying to open a savings account, select any options provided under the ‘Additional Facilities Available’ section
- Select accountholder type, such as minor through guardian, person of unsound mind through guardian, or self
- Select the account type, such as single, survivor, or all
- Enter deposit amount both in figures and in words
- Enter the cheque number and date if you deposit via cheque.
- Enter the accountholder’s personal details
- Tick the boxes at the end of the table for the documents that you have provided as requested
- Enter the details of the SCSS and tick the declaration box
- Accountholder must sign on both page one and two
- Enter the details of the nominee and provide the accountholder’s signature to validate the details mentioned about the nominee.
You can apply for the Senior Citizens Savings Scheme both online and offline. All eligible citizens can join and start saving. This scheme is specifically for senior citizens, allowing them to secure their future.