Can Senior Citizen Savings Scheme account be closed anytime? What are the penalties for premature withdrawal
Senior Citizens Saving Scheme (SCSS Scheme) accounts are available to anyone over 60, 55 for retirees on superannuation, under a voluntary or special voluntary scheme, or 50 for retired members of the armed forces (with the exception of civil defence staff). Under this scheme, depositors are permitted to open several accounts, with a total maximum…