Senior Citizen Saving Scheme 2025|Senior Citizen Saving Scheme in Post Office

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: To open an SCSS account, an individual must meet the following 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. #seniorcitizensavingscheme #scss #postofficescheme Follow Us On Facebook :https://www.facebook.com/profile.php?... Our Channel Best Video Playlist: Loan Videos:    • Loan Schemes Videos   Govt Scheme Investment Video:    • Govt Schemes Videos   Credit Card Videos:    • Playlist   Mutual Fund Videos:    • Mutual Fund & ETF Videos   Income tax Help Video:    • Income Tax Rules Videos   Disclaimer: Fin Plus Tech is not a registered Investment, legal or tax advisor or a broker/dealer. All Investment/ Financial Opinions expressed by Fin Plus Tech are from the personal research and are intended as educational material. Although Best efforts are made to ensure that all information is accurate and up to date, occasionally unintended errors may occur. All Information in this video for educational purpose only. Please Do your Own research before making any investment based on your personal circumstances. Our content is intended to be used and must be used for information purpose only. Please seek the advice of your financial, legal, tax or professional advisor before taking any decision. Copyright Disclaimer under section 107 of the copyright act 1976, allowance is made for " fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, education and research.