New Delhi, June 28 -- In case you are a retiree who is seeking a safe, predictable and stable source of income, the Senior Citizens Savings Scheme (SCSS) can offer you a meaningful resolution to your financial challenges. This is because the scheme remains one of the most lucrative government-backed investment options available to senior citizens across the country.

The value of the scheme rises even more when we take into account the current geopolitical problems the world is facing, especially with regard to the US-Israel war on Iran that has resulted in a serious rise in inflation and commodity prices over the past few months and has hit supply chains adversely with the closure of the Strait of Hormuz.

In this backdrop, the SCSS sche...