New Delhi, June 2 -- Amid current geopolitical volatility and uncertainty, investors are flocking to small savings schemes. To ensure predictable and safe returns in this environment, the Senior Citizens Savings Scheme (SCSS) remains one of the most lucrative government-backed investment options for retirees.

As of 2 June, the scheme continues to offer an interest rate of 8.2% per annum. The interests in this case are paid quarterly. This scheme is authorised and administered through post offices and banks. It enjoys sovereign backing and assured interest payments. These characteristics make it a low-risk avenue and investment option for senior citizens seeking a regular income.

The investments in this scheme can be immensely helpful fo...