The Post Office Senior Citizen Savings Scheme (SCSS) remains the most reliable investment for retirees in 2026. With a current interest rate of 8.2% per annum, it provides fixed, guaranteed returns that are significantly higher than standard bank deposits, all backed by a sovereign guarantee from the Government of India.

Key Features of SCSS 2026

Before investing, it is essential to understand the updated rules and limits for the 2026-27 financial year:

• Interest Rate: 8.2% per annum (Paid out at the end of every quarter).
• Maximum Limit: ₹30 Lakh per individual.
• Tenure: 5 Years (Option to extend by 3 years upon maturity).
• Tax Benefits: Deposits qualify for deduction under Section 80C.

SCSS 2026 Monthly Income Calculator

Use this mobile-responsive tool to calculate your exact returns. Enter your investment amount and click the button to see your results.

Eligibility and Taxation Rules

Opening an SCSS account at your local post office requires meeting specific age criteria:

• Standard Age: 60 years or above.
• Retired Staff: 55-60 years for those who have taken VRS or superannuation.
• Defense Personnel: 50-60 years for retired military staff.

Interest from SCSS is taxable according to your income slab. However, Senior Citizens can claim a deduction of up to ₹50,000 on interest income under Section 80TTB. To ensure that TDS (Tax Deducted at Source) is not deducted, it is vital to submit Form 15H annually if your total income is within the exemption limit.