Senior Citizen Savings Scheme (SCSS) Interest Rates

SCSS Interest Rates

Period

Interest (p.a) in %

02/08/2004 to 30/11/2011

9%

01/12/2011 to 31/03/2012

9%

01/04/2012 to 31/03/2013

9.3%

01/04/2013 to 31/03/2015

9.2%

01/04/2015 to 31/03/2016

9.3%

01/04/2016 to 30/09/2016

8.6%

01/10/2016 to 31/12/2016

8.5%

01/01/2017 to 31/03/2017

8.5%

01/04/2017 to 30/06/2017

8.4%

01/07/2017 to 30/09/2017

8.3%

01/10/2017 to 31/12/2017

8.3%

01/01/2018 to 30/09/2018

8.3%

01/10/2018 to 31/03/2019

8.7%

*Interest Paid - Quaterly(31st March, 30th June, 30th Sept and 31st December)

*Tenure - 5 Years

*Minimum Deposit - Rs.1000/-

*Maximum Deposit - 1500000/-

*Account can be opened by cash for the amount below INR 1 lakh and for INR 1 Lakh​ and above by C​heque only.

*TDS is deducted at source on interest if the interest amount is more than INR 10,000/- p.a.

PMC :

 *Lock-in Period - 1 Year

 *After 1 year but Before 2 years - 1.5% Discount

 *After 2 years but Before 5 years - 1% Discount