The Senior Citizens Savings Scheme (SCSS) is a government-backed savings program in India designed specifically for senior citizens aged 60 and above. It offers a safe investment option with attractive interest rates, which are typically higher than regular savings accounts. The scheme allows individuals to invest a maximum of ₹15 lakh, and the interest earned is paid quarterly. Investments in SCSS have a tenure of five years, which can be extended for an additional three years. The scheme also provides tax benefits under Section 80C of the Income Tax Act, making it a popular choice for retirees seeking financial security.