The Senior Citizens Savings Scheme has crossed Rs 1 lakh crore in collection in the first half of financial year 2023-24. The huge number suggests the support of the people for the scheme, which is currently offering a return of 8.2 per cent per annum

Senior Citizens Savings Scheme is specifically designed for catering to the needs of people in the age group of 60 years and above. Public Provident Fund, on the other hand, is one of the safest long-term and low-risk investment instruments that senior citizen investors find very attractive because of the benefits it offers.

Retirement planning requires careful consideration of various options and informed decision-making to secure your old age financially. Know more.