From 3.35% to 6.85%: Finance Ministry Raises Senior Citizens Welfare Fund Interest Rate for FY 2025—26

On 8 June 2026, the Ministry of Finance announced the revised interest rate applicable to the Senior Citizens Welfare Fund (SCWF) for the financial year 2025—26.

Key Highlights:

• As per the notification, deposits under the SCWF will earn interest at the rate of 6.85% per annum for the period 1 April 2025 to 31 March 2026.

• The Government has substantially increased the interest rate from 3.35% to 6.85% compared to the previous financial year.

• The SCWF was established under the Senior Citizens’ Welfare Fund Rules, 2016.

• The interest credited to the SCWF is crucial as it strengthens the fund’s capacity to support senior citizens and ensures the continuity and effectiveness of welfare initiatives through:

  ○ Enhancing the financial base of welfare programs for senior citizens

  ○ Ensuring sustainable funding for long-term social security initiatives

  ○ Supporting government schemes focused on healthcare, financial security, and livelihood assistance for the elderly

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[Senior Citizens Welfare Fund Notification, published on 8-6-2026]