SCSS Interest Rate Oct-Dec 2026: 8.2%, Rs 30 Lakh Limit, Rules
📌Quick Facts & Summary
Key Benefit
8.2% a year for Oct to Dec 2026 (rate locked at opening for the full term).
Who Can Apply
Indians aged 60+; retired civilians 55-60 and retired defence staff 50-60 (within set time of retirement benefits).
Status / Deadline
Deposit cap Rs 30 lakh and age rules from SCSS Rules 2019 as amended (Budget 2023); not re-read on official page today.
Official Portal
Helpline
India Post 1800-266-6868
Last Verified
15 October 2026
🔗 Important Action Links (Official Portals):
What is the Scheme?
A safe 5-year deposit for people 60+ that pays interest every quarter.
Also known as: SCSS, senior citizen FD post office
Who is it for?
Indians aged 60+; retired civilians 55-60 and retired defence staff 50-60 (within set time of retirement benefits).
Benefits and Financial Assistance
| # | Key Benefit / Entitlement Details | Category / Mode |
|---|---|---|
| 1 | 8.2% a year for Oct to Dec 2026 (rate locked at opening for the full term). | Primary Benefit (DBT/Subsidy) |
| 2 | Deposit from Rs 1,000 up to Rs 30 lakh. | Direct Support |
| 3 | Interest paid quarterly; 80C benefit in old tax regime. | Direct Support |
Eligibility Criteria
Applicants must meet the following eligibility conditions:
- Age as above; individual or joint with spouse.
Documents Needed
Keep the following documents ready before submitting your application:
- ✓ Account opening form
- ✓ Aadhaar, PAN
- ✓ Age proof
- ✓ Photos
- ✓ Retirement benefit proof (for 55-60 / 50-60)
How to Apply Online (Step-by-Step)
- Some banks allow opening via net banking.
How to Apply Offline
- Open at a post office or authorised bank branch.
How to Check Application / Payment Status
- Passbook, bank app or IPPB app.
Official Website and Helpline Numbers
| Official Portal | https://www.indiapost.gov.in ↗ |
|---|---|
| Helpline / Contact | India Post 1800-266-6868 |
| Nodal Ministry | Department of Economic Affairs, Ministry of Finance |
Important Dates & Milestones
Rate for 1 Oct to 31 Dec 2026: 8.2%. Checked 15 Oct 2026.
Frequently Asked Questions (FAQs)
❓ What is the SCSS rate now?
8.2% for Oct to Dec 2026.
❓ Maximum deposit?
Rs 30 lakh per individual.
❓ Can I extend after 5 years?
Yes, in blocks of 3 years.
❓ Is interest taxable?
Yes, as per your tax slab.
Sources & Official References
All facts on this page were verified on 15 October 2026 from the following official government sources:
- NSI small savings schemes: https://www.nsiindia.gov.in/ [resolves (HTTP 200)] ↗
- DEA small savings rates: http://dea.gov.in/budget-division/475 [blocked our server check (HTTP 000), likely IP/geo filtering; link taken from official search results, open it from India to confirm] ↗
- BusinessToday: Q3 FY27 rates unchanged: https://www.businesstoday.in/personal-finance/story/small-savings-scheme-interest-rates-unchanged-for-q3-fy27-check-ppf-scss-ssy-rates-558892-2026-09-30 [resolves (HTTP 200)] ↗
Fact-Check Verification: This scheme entry was reviewed and fact-checked by Abhishek (govtschemes.net) using official PIB releases, ministry guidelines, and gazette records.
If you notice any outdated rule or change, please report a correction.
Related Central Government Schemes
Other central government schemes in the same sector and target audience:
Notice: govtschemes.net is not a government website. We are an independent information site. Always confirm eligibility and apply only on official government portals.