Senior citizen savings scheme offers 8.2% interest rate: Can you open more than one SCSS account?
A senior citizen (individuals aged above 60 years) or retired individuals aged above 55 years can open an senior citizen savings scheme (SCSS) with any bank or post office. At present SCSS offers an interest of 8.2% per annum and maximum Rs 30 lakh or the amount of retirement benefit, whichever is lower can be deposited into the scheme.
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