New Delhi, Oct. 9 -- A senior citizen who invests Rs.30 lakh in the Senior Citizens' Savings Scheme (SCSS) can earn Rs.61,500 every quarter at the current interest rate of 8.2% per annum. The rate, set by the Ministry of Finance, applies to the October-December 2026 quarter, the third quarter of FY 2026-27.

This translates into a monthly equivalent of Rs.20,500. However, SCSS pays interest quarterly, not monthly.

SCSS is a government-backed small savings scheme designed to provide eligible senior citizens and retirees with a regular income stream. Here is a look at its interest calculation, investment limits, eligibility criteria and other key rules as of 9 October 2026.

The SCSS interest rate for the October-December 2026 quarter is 8...