The Senior Citizens Savings Scheme (SCSS) interest rate will remain steady at 8.2% for the quarter from April 1 to June 30, 2026. This decision was announced by the finance ministry during the quarterly review meeting held in March 2026, indicating no changes from the previous quarter's rates. The SCSS is tailored for senior citizens seeking a reliable income source in retirement. The scheme allows a minimum deposit of ₹1,000 and a maximum of ₹30 lakh across all accounts held by an individual. Both spouses can open single and joint accounts, adhering to the same deposit limits. It is important to note that an Aadhaar card is required to open an SCSS account. In cases where excess deposits are made, the excess will be reimbursed, and interest will be calculated at the Post Office savings account rate until the funds are returned. Additionally, account holders can close their accounts after five years, or after any three-year block period, with interest continuing to accrue until closure in the event of the account holder's death.