Senior Citizen Saving Scheme

Senior Citizen Saving Scheme is one of the most popular schemes of Post Office Saving Schemes.

Senior Citizen Saving Scheme is operated by the Government of India. It gives the highest interest among all the Government saving schemes. This gives you a regular income.

The Senior Citizens Saving Scheme (SCSS) also offers tax benefits under Sec 80C and allows premature withdrawals.

Senior Citizens Saving Scheme is only for the people who are above the age of 60.

This Scheme was started to give better Interest rate to the Senior Citizen.

The Post Office and Banks open Accounts of Senior Citizen Saving Scheme.

The Senior Citizen Saving Account is opened for 5 years. It can be extended by 3 years. There is no withdrawal penalty during the extension period.

The Senior Citizen Saving Scheme are available from Nationalized Banks, Associate Banks, State Banks and Post Offices across the country.

Features of Senior Citizen Saving Scheme :-

* This Scheme gives you the highest Interest Rate i.e. 8.6% p.a.
* Under Senior Citizen Saving Scheme Nomination Facility is available.
* The Maturity Period for Senior Citizens Saving Scheme is 5 years
* Senior Citizens Saving Scheme is Easily Available at your local Bank or Post Office.
* Under Senior Citizen Saving Scheme, single applicant can open multiple Senior Citizen Saving Scheme accounts.
* Senior Citizen Saving Scheme also gives the option to open the joint account.
* Reliable Scheme for Senior Citizen.

Mode of Deposit :-

* Cash
* By cheque
* Demand Draft

Minimum & Maximum Amount of Deposit :-

Minimum Amount Rs 1000.
Maximum Amount Rs 15 lakh.
The Investment should be in the multiple of Rs 1000.

Senior Citizen Saving Scheme Calculator is a Handy Tool.

In Senior Citizen Saving Scheme Calculator, helps you to Calculate Maturity Date, Maturity Amount, Total Deposit, Total Interest Earned by just entering you’re details like Deposit Amount, Rate of Interest (per annum) & Date of Account Opening.

Features of Senior Citizen Saving Scheme Calculator :-

* Easy to use
* The Senior Citizen Saving Scheme Calculator is handy tool available free on online
* No Internet connection is required to use Senior Citizen Saving Scheme Calculator
* Senior Citizen Saving Scheme Calculator help you to Calculate Maturity Amount.
* If you want to visualize the calculation Graphically then it is possible with Senior Citizen Saving Scheme Calculator App.