Personal Finance Investment options for senior citizens: SCSS vs PMVVY; eligibility, investment limits and other features compared Updated : September 12, 2020 03:03 PM IST Senior Citizens Savings Scheme (SCSS) and Pradhan Mantri Vaya Vandana Yojana (PMVVY) are two popular investment options that provide alternative avenues of income to senior citizens of the country. While SCSS is offered by post office and banks, PMVVY is marketed by Life Insurance Corporation (LIC). Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.