New Delhi, Nov. 15 -- Are you a senior citizen aiming to invest in the Senior Citizens' Savings Scheme (SCSS) with an objective to generate consistent income and enjoy your retirement meaningfully?

If that is the case, then before you proceed with parking your hard-earned Rs.30 lakh in the scheme, which is its highest permissible investment ceiling, you should be aware of several common mistakes that retirees make while investing in this scheme, and ensure that you avoid making them, so that you are able to extract the maximum possible benefit from your investment in this scheme.

Now, it is essential to note that the Senior Citizens' Savings Scheme (SCSS), is a prominent government-backed investment option for retirees who aim to secure...