New Delhi, Feb. 14 -- Senior Citizens Savings Scheme: Senior citizens in India often end up with little to no income after their retirement, and all their savings get used up quickly if they do not invest wisely. This is why the Government of India started the Senior Citizens Savings Scheme, popularly known as SCSS. This small savings scheme enables senior citizens to invest their hard-earned money and receive interests over time.

SCSS also offers certain tax benefits in certain cases, though it is not entirely tax-free. The SCSS has attracted retired investors with its attractive interest rates, quarterly payouts, and safety. Here is everything you need to know about SCSS and how you can earn more than Rs.20,000 monthly.

SCSS is a gove...