Post Office SCSS 2025 | Senior Citizen Saving Scheme (SCSS) | Post Office SCSS Interest Rate 2025

Описание: Senior Citizen Saving Scheme 2025 | Senior Citizen Saving Scheme Benefits in Post Office Details
Senior Citizen Savings Scheme (SCSS) is a government-backed investment plan in India for citizens aged 60 and above, offering a secure, steady income with attractive returns and tax benefits under Section 80C of the Income Tax Act. Eligible individuals can open an account with a minimum deposit of ₹1,000 and a maximum of ₹30 lakh. The scheme has a 5-year tenure that can be extended for an additional 3 years and pays interest quarterly.
Eligibility criteria:
To open an SCSS account, you must meet the below criteria:
Age 60 or older: This is the standard age for most individuals.
Age 55 or older: For individuals who have retired under Superannuation, VRS, or Special VRS, provided they open the account within one month of receiving their retirement benefits.
Age 50 or older: For retired personnel of the Defence Services (excluding Civilian Defence employees), subject to certain conditions and opening the account within one month of retirement.
Key Features
Government Backed: It is a reliable and secure government-sponsored investment scheme.
Tax Benefits: Deposits in SCSS qualify for deduction under Section 80C of the Income Tax Act.
Interest Payments: Interest is paid quarterly on the deposited amount.
Tenure: The standard tenure is 5 years, which can be extended for another 3 years.
Deposit Limit: You can deposit a minimum of ₹1,000 and a maximum of ₹30 lakh across all your SCSS accounts.

How to Open an Account
You can open an SCSS account at any designated post office or authorized bank in India. You will need to provide proof of identity and address (like your Passport, Driving License, or Aadhaar card) and a photograph.
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