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Senior Citizens Savings Scheme

Retirement brings several complications and doubts with itself, but there are several savings schemes offered by the government i.e. Senior Citizens Savings Scheme that are safe and ensure guaranteed retirement income. Now you need not need to worry-for the future as your future is now in the safe hands

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Senior Citizens Savings Scheme

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  1. Senior Citienn Savingn Scheme Retiement biings seveial complicatons and doubts wit itselfh, but t eie aie seveial savings sc emes ofeied by t e goveinment i.e. Senioi Citzens Savings Sc eme t at aie safhe and ensuie guaianteed ietiement income. Now you need not need to woiiy-fhoi t e fhutuie as youi fhutuie is now in t e safhe ands. T e Senior Citien Savingn Scheme (SCSS), launc ed initally in 2004 is a deposit sc eme intioduced by t e goveinment ofh India to piovide guaianteed ietuins to senioi citzens t ioug a safhe investment and guaianteed insuied fhutuie old-age. T is sc eme ensuies a iegulai income stieam fhoi senioi citzens in and afei t e age ofh ietiement. THE ELIGIBILITY CRITERIA – SCSS sc eme as no laige eligibility ciiteiia to opt fhoi t is beneft. You only need to be a ietied iesident ofh India fhoi getng t e benefts ofh t is sc eme.

  2. ACCOUNT OPENING- • Open a savings bank account in any ofh t e Goveinment Bank ofh India along wit SCSS Account and you will need t e fhollowing documents to be submited at Bianc Countei. • Account Opening Foim w ic t e bank will be pioviding. • Two Passpoit Size P otogiap s will be iequiied in t e completon ofh t e fhoim. • Addiess and Identty pioofh. (In case you fhall s oit ofh t ese, t en ot ei alteinatves can be PAN (peimanent account numbei) caid oi declaiaton in fhoim No 60 oi 61 as pei t e Income Tax Act 1961, diiving license, votei`s identty caid oi iaton caid). • Aad ai Caid will be mandatoiy at t e tme ofh opening t e account. • Oiiginal Identty Pioofh at t e tme ofh veiifcaton. • ENTRY AGE- • 60 yeais ofh age fhiom t e oiiginal Date ofh Biit . • 55 yeais fhoi t ose w o ave ietied on supeiannuaton oi undei a voluntaiy oi special voluntaiy sc eme. • T e ietied ieputed peisonnel ofh Defhence Seivices (excluding Civilian Defhence Employees) will be excessively eligible to invest on ataining t e age ofh 50 yeais subject to t e fhulfllment ofh specifed conditons, biiefy announced at t e tme ofh opening t e account undei t is Senioi Citzens Savings Sc eme. • Foi moie details visit: tp://www.tec ymob.com/

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