FD vs SCSS: Which scheme is best for senior citizens? Understand the full calculation..

FD vs. SCSS: After retirement, the biggest question is where to park one's money to ensure both regular income and the safety of the principal amount. Consequently, most people find themselves torn between Bank Fixed Deposits (FDs) and the Senior Citizen Savings Scheme (SCSS).

In terms of safety alone, SCSS holds the edge. However, some banks offer FDs with interest rates comparable to or slightly higher than those of SCSS. Therefore, the decision should not be based solely on interest rates.

FD vs. SCSS: At a Glance