Senior Citizens Savings Scheme

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Senior Citizens Savings Scheme

• Retirement brings several complications and
  doubts with itself, but there are several savings
  schemes offered by the government i.e. Senior
  Citizens Savings Scheme that are safe and ensure
  guaranteed retirement income. Now you need not
  need to worry-for the future as your future is
  now in the safe hands.
• The Senior Citizen Savings Scheme (SCSS),
  launched initially in 2004 is a deposit scheme
  introduced by the government of India to provide
  guaranteed returns to senior citizens through a
  safe investment and guaranteed insured future
  old-age. This scheme ensures a regular income
  stream for senior citizens in and after the age
  of retirement.
• THE ELIGIBILITY CRITERIA  SCSS scheme has no
  large eligibility criteria to opt for this
  benefit. You only need to be a retired resident
  of India for getting the benefits of this scheme.

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ACCOUNT OPENING-

• Open a savings bank account in any of the
  Government Bank of India along with SCSS Account
  and you will need the following documents to be
  submitted at Branch Counter.
• Account Opening Form which the bank will be
  providing.
• Two Passport Size Photographs will be required in
  the completion of the form.
• Address and Identity proof. (In case you fall
  short of these, then other alternatives can be
  PAN (permanent account number) card or
  declaration in form No 60 or 61 as per the Income
  Tax Act 1961, driving license, voters identity
  card or ration card).
• Aadhar Card will be mandatory at the time of
  opening the account.
• Original Identity Proof at the time of
  verification.
• ENTRY AGE-
• 60 years of age from the original Date of Birth.
• 55 years for those who have retired on
  superannuation or under a voluntary or special
  voluntary scheme.
• The retired reputed personnel of Defence Services
  (excluding Civilian Defence Employees) will be
  excessively eligible to invest on attaining the
  age of 50 years subject to the fulfillment of
  specified conditions, briefly announced at the
  time of opening the account under this Senior
  Citizens Savings Scheme.
• For more details visit http//www.techymob.com/