Senior Citizens Savings Scheme - Eligibility
Who can deposit money in SCSS Scheme : A Depositor,
- Who has attained the age of 60 years or above.
- Who has attained the age of 55 years or more but less than 60 years, and who has retired on superannuation or otherwise (Account has to be opened within one month subject to the condition that the account is opened by such individual within one month of the date of receipt of the retirement benefits).
- Retired personnel of Defence Services (excluding Civilian Defence Employees) shall be eligible to subscribe under the scheme irrespective of the above age limits subject.
- Retired personnel of Defence Services (excluding Civilian Defence Employees) irrespective of the above specified age limits.
*Account can be jointly held with Spouse.
**NRIs & HUF - are not eligible to invest in SCSS.