Senior citizens need safe and profitable investment options for a secure future. Two popular choices are:
✅ Senior Citizen Savings Scheme (SCSS)
✅ National Savings Certificate (NSC)
Both offer attractive interest rates and government-backed security, making them reliable investment options. Let’s compare them!
✔ Interest Rate: 8.2% (Jan-Mar 2024)
✔ Investment Limit: Up to ₹30 lakh
✔ Maturity Period: 5 years (extendable by 3 years)
✔ Interest Payout: Quarterly – Ensures regular income
✔ Tax Benefits: Deduction under Section 80C
✔ Risk Level: Low-risk, government-backed
Best For: Senior citizens who want regular income and safe returns.
✔ Interest Rate: 7.7% (Jan-Mar 2024)
✔ Investment Limit: No upper limit
✔ Maturity Period: 5 years
✔ Interest Payout: Compounded annually, paid at maturity
✔ Tax Benefits: Deduction under Section 80C
✔ Risk Level: Low-risk, government-backed
Best For: Long-term investors who want tax savings and compounded returns.
| Feature | SCSS | NSC |
|---|---|---|
| Interest Rate | 8.2% | 7.7% |
| Investment Limit | ₹30 lakh | No limit |
| Maturity Period | 5+3 years | 5 years |
| Interest Payout | Quarterly | At maturity (compounded) |
| Liquidity | More liquid | Less liquid |
| Best For | Regular income | Tax-saving & long-term growth |
✔ If you need regular income, go for SCSS.
✔ If you want tax savings & long-term growth, choose NSC.
✔ Best Strategy? Diversify – Invest in both SCSS & NSC for a balanced portfolio.
Would you like a detailed investment plan tailored to your needs?
