evidence: The investment limit in the Senior Citizens Savings Scheme has increased from ₹15 lakhs to ₹30 lakhs in this year's budget, which was a boon to senior citizens. Senior citizens can also invest ₹15 lakhs in the Pradhan Mantri Vaya Vandana Yojana (PMVVY), but only until March 31, 2023, after which it will be phased out. By investing the highest amount permitted, senior citizens can benefit the most from these programmes. With the current SCSS interest rate of 8% annually, they can invest Rs. 15 lakhs and receive a yearly interest income of Rs. 1.2 lakh for a period of five years. Similarly to that, the current PMVVY pension rate is 7.4% annually, which equals Rs. 1.11 lakh in income. Since that PMVVY has a 10-year term, the investor is guaranteed to get Rs. 1.11 lakh annually for 10 years. Under these programmes, senior citizens will be able to earn a total of ₹2.31 lakhs each year.