Senior Citizen Savings Scheme (SCSS) is a saving scheme offered for Indians aged above 60 years. This scheme is sponsored by the government of India. The main intention of this scheme is to provide financial security to senior citizens in terms of guaranteeing a regular flow of income. The interest payment on this scheme is received quarterly. SCSS offers a high rate of interest when compared to the SB account and fixed deposits. Senior citizens can avail this scheme through banks and post offices across India. Watch this video to know everything about the Senior Citizen Savings Scheme (SCSS).
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