Yes, you can invest 15 lakhs each in SCSS (Senior Citizen Savings Scheme) and PMVVY (Pradhan Mantri Vaya Vandana Yojana).
SCSS is a government-backed savings scheme designed specifically for people over 60 years of age, who are retired after working in the government sector or in any other approved profession. It offers an 8.4% rate of interest and has a tenure of 5 years. A maximum of Rs. 15 lakhs can be invested under this scheme. Further information, including the eligibility criteria and procedure for investing, can be found here - https://www.indiapost.gov.in/VAS/Pages/SeniorCitizenSavingsScheme.aspx
PMVVY is a pension scheme offered by the Government of India, exclusively for the senior citizens of the country. It offers an 8.5% rate of interest, payable monthly, for a period of 10 years. The maximum amount of investment permissible under the scheme is Rs. 15 lakhs. For more information about PMVVY, including its eligibility criteria, investment process and tax benefits, please visit the following link - https://www.jansuraksha.gov.in/pension/pmvvy
Both the SCSS and PMVVY investment options offer interesting returns and tax benefits, making them great options for retired citizens. However, before investing in these schemes it is important to understand the fine print, eligibility criteria and associated risks. You may want to do some research, or consult a financial advisor, before making any investment decisions.