The Senior Citizen Savings Scheme (SCSS) interest rate has exhibited a dynamic history, with fluctuations from 2004 to May 2023. As the scheme rolled out in 2004, the interest rate remained constant at 9% till 2014. However, it underwent reductions, first to 8.6% from April 1, 2016, to September 30, 2016, and then further to 8.5% from October 1, 2016, to March 31, 2017.
