Senior Citizens Savings Scheme (SCSS)
Central Scheme (All India)
Finance
Application Mode: OFFLINE
Active
Quick AI Summary
Government-backed savings program offering senior citizens secure, high-yield quarterly interest income on lump sum deposits.
Detailed Summary
SCSS accounts are available in post offices and leading banks, offering high safety and regular payout intervals.
Key Benefits & Financial Assistance
| Comparison Criteria | Benefits |
|---|---|
| Key Benefits | - High quarterly interest payout. - Maximum investment limit up to Rs. 30 Lakhs. - Tax benefits under Section 80C. |
Eligibility Criteria Profile
| Comparison Criteria | Eligibility |
|---|---|
| age min | >= 60 |
| state id | = 3 |
Application Process Guide
- Apply at any post office or bank branch by filling the SCSS account form and depositing lump sum amount.