SCSS, which offers 80C benefit, allows you to lock in at 7.6% for five years
Several products offer better rates, especially for seniors; that said, never try to optimise returns when you need money in the short term
For those concerned with the certainty of return, the Pradhan Mantri Vaya Vandana Yojana is a better option than Senior Citizens Savings Scheme; but the latter is more liquid
Loan up to 75% of the subscription amount shall be allowed after three policy years