For 60+

Money for Senior Citizens (60+)

60+ in India means access to special FD bonuses, dedicated savings schemes (SCSS at 8.20%), additional tax exemptions (Section 80TTB), Ayushman Bharat health coverage, and reverse-mortgage options. Don't leave any of these on the table.

Why this hub

Senior citizens get explicit higher rates and tax breaks across most Indian financial products — but eligibility windows + paperwork are non-trivial.

Where to start

  1. Priority 1

    Senior Citizens Savings Scheme (SCSS)

    8.20% govt-backed, ₹30L cap, quarterly payout.

  2. Priority 2

    Senior Citizen FD

    0.50% extra over regular FD across most banks.

  3. Priority 3

    Health insurance

    Cashless networks + Ayushman Bharat for 70+.

  4. Priority 4

    PMVVY successor schemes

    Pension lifetime income for 60+.

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Calculators for you

SCSS calculatorSenior Citizen FDRetirementInflation-adjusted returns

Regulatory + scheme rules

  • SCSS: 60+ only (or 55-60 if VRS / 50+ defence retiree). 8.20% as of 2026.
  • Section 80TTB: ₹50K interest exemption (vs ₹10K under 80TTA for non-seniors)
  • Ayushman Bharat: free secondary + tertiary healthcare for 70+
  • Higher 80D limit: ₹50K for 60+ vs ₹25K otherwise

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