Senior Citizen Savings Scheme (SCSS) rule change: New features you need to know
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SCSS rule changes
The Union Government has changed certain rules of the Senior Citizen Savings Scheme (SCSS). All you need to know
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SCSS retirement benefits rule change
Investments through retirement benefits can be made within three months from the date of retirement benefits.
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SCSS investment rule change
Spouses of retired Government employees who age fifty-five years old and died in harness can invest in the scheme irrespective of age, subject to other conditions.
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SCSS extension rule change
Extension of SCSS account can be done for a block period of three years irrespective of several times till the death of the depositor.
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SCSS extension: Withdrawal rule change
Extended accounts can be closed prematurely before one year subject to the deduction of l% of the deposit amount.
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SCSS interest rate
For the October-December quarter, you will get an interest rate of 8.2% on SCSS.