Quick Summary
The Ministry of Finance, Department of Economic Affairs, has notified an interest rate of 6.85% per annum on deposits held under the Senior Citizens Welfare Fund (SCWF) for the financial year 2025-26. According to Notification No. F. No. 13/20/2014-NS dated 5 June 2026, deposits made under the Seni
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FAQ :
The interest rate for deposits under the Senior Citizens Welfare Fund for the financial year 2025-26 has been fixed at 6.85% per annum.
This interest rate of 6.85% is applicable for the period from 1 April 2025 to 31 March 2026.
The Senior Citizens Welfare Fund was established on 18 March 2016.
The Fund receives amounts that remain unclaimed for specified periods in various financial instruments and schemes.
The funds collected are utilised for programmes and initiatives aimed at promoting the welfare of senior citizens across the country.
The annual notification is important for accounting, fund management, and financial reporting purposes, ensuring transparency in the financial administration of the Fund.
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