SCSS vs Small Finance Bank FDs: Which is better for seniors?

SCSS (Senior Citizen Savings Scheme) interest rate is 8.2% per annum for the July-September 2026 quarter.

SCSS pays interest quarterly and is government-backed, offering safety and predictable income for senior citizens.

Small Finance Bank FDs offer competitive interest rates and flexibility, but are not senior citizen-specific.

SCSS and Small Finance Bank FDs differ in safety, returns, liquidity, lock-in periods, and terms.

Senior citizens should compare both options and consult a certified financial advisor before deciding.