Senior Citizen Saving Scheme interest rate

Senior Citizen Saving Scheme have been known to offer good rate of interest. Back in the year 2019, the SCSS interest rate was whopping 9%. But as inflation rose so does the other external factors, the SCSS rate of interest kept on declining. The SCSS interest rate 2020 was around 8.6%.

Presently as on 2021, the Senior Citizen Saving Scheme interest rate is 7.4%