Senior Citizen Savings Scheme (SCSS) offers 8.2 per cent interest to seniors. The government reviews its rates of interest every quarter, along with the other small savings schemes. However, unlike other small savings schemes of the post office, SCSS can be opened with banks, too. As per the Reserve Bank of India’s (RBI) data, more than 25 banks offer SCSS accounts to their customers. While the RBI cut the repo rate three times in 2025 (25 basis points (bps) each in February and April, and 50 bps in June), the government kept the small savings interest rates unchanged for the July-September 2025 quarter.