What do you get under Senior Citizens Savings?
A safe deposit of up to ₹30 lakh that pays interest every quarter, at a rate the government sets each quarter.
The interest rate changes every quarter.
Who is eligible for Senior Citizens Savings?
- Age 60 or more. Retired people aged 55 to 60 can join within the time limit after retirement.
Documents needed for Senior Citizens Savings
0 of 4 ready
Offices may ask for more. Check the official list before you go.
How to apply for Senior Citizens Savings
- Open an account at any post office or authorised bank.
Common questions
Who is eligible for Senior Citizens Savings?
Age 60 or more. Retired people aged 55 to 60 can join within the time limit after retirement.
How much do I get under Senior Citizens Savings?
A safe deposit of up to ₹30 lakh that pays interest every quarter, at a rate the government sets each quarter. The interest rate changes every quarter.
What documents do I need for Senior Citizens Savings?
Aadhaar card (linked to your mobile number); PAN card; Passport-size photo; Age proof (birth certificate, school certificate or similar).
How do I apply for Senior Citizens Savings?
Open an account at any post office or authorised bank. Official site: https://www.indiapost.gov.in/
Do I have to pay anyone to apply for Senior Citizens Savings?
No. Applying for a government scheme is free on the official portal, and at Common Service Centres you pay only the notified service fee, if any. Never pay an agent who promises approval.
Official sources
Last checked 30 October 2026; next review by 30 April 2027. Rules and amounts change, so confirm on the official site before you apply. IndiaDigital is independent and not a government site.