Senior Citizen Saving Scheme: If you want to get a good income every year without risk, then Post Office Senior Citizen Saving Scheme (SCSS) can be the best option. This scheme has been specially designed for the elderly, in which along with secure returns, they also get the benefit of tax exemption.

The government decides the interest rates of small savings schemes every three months. There has been no change in the interest rate of SCSS for the April-June 2026 quarter and it still remains at 8.2% per annum.

How to invest and get interest in SCSS

The duration of this scheme is for 5 years, which can be extended by 3 more years if needed. A maximum investment of up to Rs 30 lakh can be made in this. In such a situation, if a senior citizen does this, he can get interest up to ₹ 61,500 every quarter. This means that you get regular income four times a year, making it a good source of stable income for retirees.

Government will give Rs 30000 on the birth of the third child, Rs 40000 on the birth of the fourth, a big decision on the decreasing population.

What is the special feature of the scheme?

Minimum investment in this scheme can be started from just ₹ 1,000. Both husband and wife can open separate accounts or can also open joint accounts with each other, in which the limit for each account remains up to ₹ 30 lakh.

If more money is deposited in the account than the prescribed limit, then the depositors will get the return amount. Also, the interest rate applicable on Post Office Savings Account will be valid from the date of extra deposit till the date of withdrawal.

taxes and benefits

The interest received from this scheme comes under the ambit of tax. However, senior citizens can avail exemption of up to ₹ 50,000 under Section 80TTB of the Income Act. Thus SCSS is useful for those who want regular and reliable income with safe investments.

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Sebi check tool: The Securities and Exchange Board of India (SEBI) has taken a new initiative towards preventing online fraud and investing safe. Two new facilities have been introduced by SEBI. With the help of @Valid UPI handle and Sebi check tool, SEBI is offering a safe payment option to those investing in mutual funds, shares and other securities. So that the money of investors goes to SEBI authorized organization and broker and investors can be saved from online fraud.

What is @Valid UPI handle

All brokers and mutual fund companies registered on SEBI will use such UPI handle, at the end of which @Valid will be written. Which will give information that SEBI has recognized the broker or institution. Also, “.BRK” will be used to identify brokers and “.MF” will be used for the institution.

Also, while paying in the @Valid UPI handle, the thumbs-up mark will appear in the green trangle. Which will give information that your money is going to SEBI registered broker or institution. For example, a broker’s UPI ID will look like abc.mf@validsbi for abc.brk@validsbi, and mutual funds. However, SEBI has informed that more than 90 percent of brokers and mutual funds are already using it.

Sebi check tool

Before investing money under SEBI check tool, investors can check the UPI ID of the broker by visiting SEBI’s charioteer app or SEBI website. The @Valid UPI ID or account number and IFSC code of the broker are used for this UPI ID. SEBI informed that this step will help in reducing fraud and will also help investors safely pay.

Investors will benefit

This move of SEBI will benefit investors and they will be able to avoid online fraud. Small investors will benefit the most. With the system becoming transparent, real brokers and mutual fund company will be identified very easily. Due to which the money of investors will reach the right place. Just investors will have to invest these things in mind.

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