Senior Citizen Savings Scheme

Senior Citizen Savings Scheme:

• 9% interest per annum payable quarterly.
• Minimum Deposit: Rs 1000 and multiples thereof.
• Maximum Limit : 15 Lakhs.
• The scheme is for 5 years and can be extended for a further period of 3 years.
• Premature closure facility is available after 1 year with nominal penelaty.
• Risk free investment.
• Individual aged of 60 years and above can invest.
• Retiring employees aged 55 years and above can invest under scheme.
• No TDS.
• Joint account can be opened with spouse.

To Read FAQ’s on Senior Citizen Saving Scheme Click here.

To Apply Invest in Senior Citizen Saving Shemes Planning for Investment Ask our Experts here by Government of India Post Office/ Postal Department New Latest Schemes Interest Rates.