Senior Citizen Savings Scheme (SCSS) From Post Office - How to apply & Benefits

Senior Citizen Savings Scheme (SCSS) From Post Office: Post office has started the scheme for senior citizens which named as Senior Citizen Savings Scheme (SCSS). This scheme has more benefits for senior citizens to help financially. Here I have covered the complete information about this scheme like How to apply & Benefits about this scheme. Please read each and every step before you will apply for this Senior Citizen Savings Scheme (SCSS).

Senior Citizen Savings Scheme (SCSS)

Senior Citizen Savings Scheme (SCSS) From Post Office

This scheme you can apply from all over India because every state has post offices and banks in Tehsils and villages. To open the account for this scheme should have more than the age of  60 years.

Interest Rate For this Scheme :
8.6 ​% per annum, payable from the date of deposit of 31st March/30th Sept/31st December in the first instalment & thereafter, interest shall be payable on 31st March, 30th June, 30th Sept and 31st December.

Benefits of Senior Citizen Savings Scheme:

Easy Apply: For this SCSS you can apply nearest Post Office (or ) Bank

Reliable: This scheme from the government of India. So we can trust and security assurance for the scheme.

Create multi accounts: Senior citizens can create multi accounts for Senior Citizen Savings Scheme as Joint account or individually. If Joint account primary investor should be Spouse of the account holder.

Interest Rate: 8.6% per annum it gives satisfy for the senior citizens.

Based on your investment: This is another benefit for senior citizens because of based on your financial you can pay for this scheme. It should more than 1000 rs and not exceed than 15 lakhs.

Easy to Apply for SCSS: It takes less time to apply for this scheme but you should have PAN Card Birth Certificate, Aadhaar Card and senior citizen card etc.

List of Banks that Offering Senior Citizen Savings Scheme (SCSS) Scheme:
  1. Allahabad Bank
  2. Andhra bank
  3. State Bank of India
  4. Bank of Maharashtra
  5. Bank of Baroda
  6. Bank of India
  7. Corporation Bank
  8. Canara Bank
  9. Central Bank of India
  10. Dena Bank
  11. Syndicate Bank
  12. UCO Bank
  13. Union Bank of India
  14. Vijaya Bank
  15. IDBI Bank
  16. Indian Bank Indian Overseas Bank
  17. Punjab National Bank
  18. United Bank of India

Senior Citizen Savings Scheme (SCSS) From Post Office

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