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Senior citizens seeking a secure and steady source of income after retirement can benefit from the Post Office Senior Citizen Savings Scheme (SCSS). This government-backed scheme guarantees complete safety of investment and offers a fixed monthly return of over Rs 20,000.

The SCSS is available to senior citizens aged 60 and above. Additionally, individuals retiring between the ages of 55 and 60 can join within one month of retirement, and those opting for Voluntary Retirement Scheme (VRS) can enter at the age of 50 or above.

The scheme allows investments up to Rs 30 lakh for a single account and up to Rs 60 lakh for a joint account with a spouse. The minimum investment starts at Rs 1,000, with a tenure of 5 years, extendable by another 3 years.

Currently, the SC

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