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SCSS + RBI Floating Rate Bonds: Check how ₹50 lakh can generate ₹4.07 lakh a year for seniors
Mint 1d ago·29 Aug 2026, 9:05 am
Senior citizens seeking a steady income stream can consider combining the Senior Citizens Savings Scheme (SCSS) with RBI Floating Rate Savings Bonds. This strategy involves splitting a retirement corpus, such as ₹50 lakh, between the two instruments. The SCSS offers a fixed interest rate with quarterly payouts, while the RBI bonds provide interest that resets every six months based on the current policy repo rate, ensuring returns keep pace with inflation.
This approach helps investors manage risk by diversifying their income sources. The SCSS provides guaranteed returns, while the RBI bonds offer flexibility and liquidity. For those in the highest tax bracket, the RBI bonds are particularly attractive as the interest is taxed only at the source (TDS), unlike the SCSS where the entire amount is added to your income and taxed at slab rates. This mix can help maximise net returns while maintaining financial stability.
Excerpt from Mint
A ₹ 50 lakh retirement corpus split between SCSS and RBI Floating Rate Savings Bonds can generate around ₹ 4.07 lakh annual interest before tax, offering senior citizens predictable income and staggered payouts. Are you a senior citizen looking for a predictable, safe income stream? That too, without taking any undue…Read the original at Mint
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