Scheme Senior Citizens’ Savings Scheme
Features
1. Investments through retirement benefits can be made within three months from the date of retirement benefits.
2. Spouse of the retired Government employees whose age is fifty- five years and died in harness, can invest in the scheme irrespective of age, subject to other conditions.
3. Extension of account can be done for block period of three years irrespective of number of times till the death of the depositor. 4. Extended account can be closed prematurely before one year subject to the deduction of 1% of the deposit amount.