Investment options for the retired: #1 Senior Citizens' Saving Scheme
Saturday, June 3, 2017, 6:11 PM
Senior Citizens' Saving Scheme is available only to senior citizens or early retirees. SCSS can be availed from a post office or a bank by anyone above 60. Early retirees can invest in SCSS, provided they do so within three months of receiving their retirement funds. SCSS has a five-year tenure, which can be further extended by three years once the scheme matures.