SCSS vs FD - Which Is Better for Senior Citizens?
SCSS at 8.2% gives Rs 10,250/quarter (Rs 3,417/month) on Rs 5 लाख. Best senior citizen FD (Yes Bank, IDFC) at 8.25% gives approximately Rs 10,313/quarter. Rates are nearly identical. SCSS wins on safety (government guaranteed), transparency, and the Rs 50,000 Section 80TTB exemption. FD wins on flexibility of tenure and bank choice.
Quarterly Payout
₹30,750
Annual Income
₹1,23,000
Total Interest (5 yrs)
₹6,15,000
SCSS rate: 8.2% p.a. (Q1 FY 2026-27). Max deposit ₹30L. Tenure: 5 years (extendable by 3). Interest paid quarterly. TDS applicable if interest exceeds ₹50,000/year.
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