The Senior Citizen Saving Scheme (SCSS) is a government-backed retirement benefit scheme in India designed for citizens aged 60 and above. Available at post offices and government banks, it functions as a fixed-income instrument allowing a lump sum investment for a five-year tenure. The scheme offers steady interest, currently at 8.2 percent for 2025-26, credited quarterly, and provides tax benefits under the Income Tax Act, ensuring a risk-free option for growing savings post-retirement.