<h1>Senior Citizen Savings Scheme 2004: 161,912 Active Accounts, SBI Leads with 59,801, 8.5% Interest, Tax Exempt u/s 80C.</h1> The Senior Citizen Savings Scheme, 2004, managed by the Department of Economic Affairs, Ministry of Finance, operates through post offices and select bank branches. As of the report, a total of 161,912 accounts are active across various banks, with the State Bank of India holding the highest number at 59,801. The scheme allows investments up to 15 lakh rupees for individuals aged 60 and above, with an interest rate of 8.5% for the specified quarter. Deposits qualify for income tax exemption under section 80C, though interest earnings are taxable, and TDS provisions apply.