New Delhi, Nov. 5 -- If you are a senior citizen looking to invest your retirement savings, you can definitely consider popular small savings schemes such as the National Savings Certificate (NSC) and Senior Citizens Savings Scheme (SCSS).

These schemes have the potential to offer you predictable returns, peace of mind, and capital security, even in a volatile economic environment. Now, both of these investment options offer investors fixed returns and sovereign backing; they differ in interest rates, payout frequency, investment limits, and tax treatment.

Having a clear understanding of the salient features of these schemes and the returns they offer, along with the tax benefits, can help you make wise investment decisions.

For the Oc...