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NexGen School of Financial Market One Hundred Frequently Asked Questions on Basic Finance What is the Senior Citizens' Savings Scheme (SCSS)?

What is the Senior Citizens' Savings Scheme (SCSS)?

by Dr. Gaurav Sinha , Mr. Vinay Kohli  ·  Unit 33 of 100
The Senior Citizens' Savings Scheme (SCSS) is a government-supported savings programme created primarily for retired individuals and senior citizens. The scheme offers periodic interest payments and is intended to provide a reliable source of income during retirement. Eligibility, investment limits, and tenure are governed by the applicable government guidelines.