SCSS Post Office Scheme 2021 | Senior Citizen Saving Scheme - Best Interest Rate, Tax Benefits

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Published at : October 24, 2021

SCSS Post Office Scheme 2021 | Senior Citizen Saving Scheme - Best Interest Rate, Tax Benefits

Senior Citizen Saving Scheme is one of the Post Office savings schemes. You can open an account under SCSS in the Post Office like you can open it in any authorized bank. Like any other Post Office saving scheme, you can visit the nearest Post Office branch or the branch where you hold a savings account to open the SCSS account. Watch this video to check eligibility criteria and the features of the scheme before opening the account.

Points discussed in this video
00:00 Introduction
00:23 What is Senior Citizen Saving Scheme?
01:33 who can invest?
02:53 Deposit limit
03:43 Rate of Interest
04:15 Closure of account
05:30 Premature closure
07:03 Extension rules
08:05 Income Tax benefits
09:38 General rules
10:44 Interest calculation

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#PostOfficeSCSS #SCSS
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