Invest in Senior Citizens' Savings Scheme Today

Senior Citizens’ Savings Scheme, 2019 is a Government of India product offering safe and reliable returns with an interest rate of 8.2%* p.a., revised quarterly.

Available for individuals aged 60 years or above. Certain retirees aged 55–60 may also be eligible under specific conditions as per government norms.

Eligible individuals can open an SCSS account by submitting Form A, valid proof of identity, proof of age, and proof of address at any ICICI Bank branch.

TDS is applicable on the quarterly interest. To claim exemption, submit Form 15H at the ICICI Bank branch every financial year. Interest is credited directly to your ICICI Bank account.

The interest rate and is 8.2% p.a. as of May 2025 is subject to quarterly revision by the Ministry of Finance and may change every three months. 

The SCSS is a government-backed savings scheme for individuals aged 60 and above, offering assured returns with a current interest rate of 8.2% p.a., paid quarterly.

Any Indian citizen aged 60 years or above is eligible. Retirees aged 55–60 can also apply if they meet certain conditions specified by the government.

The interest rate is 8.2%  (as of 01 April 2023) and is revised quarterly by the Ministry of Finance. Interest is credited quarterly to your ICICI Bank account.

Yes, TDS is applicable on interest earned. To seek exemption, eligible individuals must submit Form 15H at their nearest ICICI Bank branch each financial year.

You need to submit proof of identity (Aadhaar or PAN), proof of address, proof of age, ICICI Bank account details, and a filled Form A to open an SCSS account.