The Central Government is running many beneficial schemes for the citizens of the country. The government brings schemes keeping in mind every section of India. The government runs different schemes for the youth and the elderly. Keeping in mind the interests of the elderly in India, a scheme is being run by the Central Government. Whose name is Senior Citizen Savings Scheme. Let us know how senior citizens of India can take advantage of this scheme and what are the benefits available under this scheme.
What is Senior Citizen Savings Scheme?
Senior Citizen Saving Scheme, run by the Government of India, has been specially designed keeping in mind the interests of the elderly. In this scheme of the Government of India, more interest is being given than other schemes. In this scheme, money is invested only once. The amount to be deposited in this ranges from one thousand rupees to 30 lakh rupees.
What is the eligibility?
As the name of the scheme is Senior Citizen Savings Scheme. This means that only people falling in the senior citizen category can avail its benefit. In this, any person of 60 years of age or older can open his own or joint account. Along with this, defense personnel who take voluntary retirement at the age of 55 to 60 years can also avail this benefit. Earlier, defense personnel had to invest in this scheme within one month of retirement. However, now this period has been increased to three months.
Take advantage of it like this
To avail the benefits of this scheme, you can open your account anywhere in the bank or post office. At the post office, you will have to fill the form to open an account and then submit 2 passport size photographs along with identity proof, address proof and age proof along with copies of KYC documents. Along with this, you can also open an account in the bank under SCSS scheme.
