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SBI Senior Citizen Savings Scheme (SCSS): Eligibility, Interest Rate, Other Features

An individual who has attained the age of 60 years and above can open SCSS account with SBI.
An individual who has attained the age of 60 years and above can open SCSS account with SBI.
State Bank of India (SBI) offers the option of opening a senior citizen savings scheme (SCSS) - an investment avenue that helps in generating wealth for a successful retirement life. According to SBI's website- sbi.co.in, a depositor can open the SCSS account either in individual capacity or jointly with spouse. There can be only one deposit in the SCSS account in multiple of Rs 1,000 where the maximum amount must not exceed Rs 15 la...
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