Other features of the SCSS account Joint account: Husband and wife can open the account jointly. The maximum investment limit is ₹30 lakh. Interest payment: Interest is paid on quarterly basis.

Learn how the Senior Citizen Savings Scheme offers tax benefits for those aged 60 and above. Learn how to open an SCSS account and its eligibility criteria ...

Senior Citizens Savings Scheme (SCSS), the government-backed savings scheme, is known to be more secure, unlike bank FDs, because the investments are held with the government.

Since the scheme is meant only for senior citizens, those aged 60 and above can invest in the SCSS. It is also open to those who have taken early retirement or VRS over the age of 55.

SCSS Calculator: Rs 2.2 lakh annual income & full amount back for Senior Citizen couple – Here’s how Senior Citizens Savings Scheme Interest Calculation: Post-retirement, having a minimum ...