Important changes in SCSS & TD scheme features - as per SB Order 22/2023 Corrigendum
Senior Citizens' Savings Scheme (SCSS)
l. 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.
Time Deposit Scheme
5-Year TD account cannot be prematurely closed till completion of four years from the date of deposit.
In case of pre-mature closure of 5-year TD account after four years, interest shall be payable at the interest rate applicable to the Post Office Savings Account scheme.
Thursday, November 30, 2023
SHARE
Author: Admin verified_user
RELATED STORIES
Sukanya Samriddhi Account (SSA) Death Claim Closure procedure in Finacle Normal 0 false false fal
Claim In case of death of minor / person of unsound mind account holder - Clarification Normal 0 false false fal
Clarification on operation of SB Pension Accounts and Joint Accounts opened by three adults jointly opened by three adults jointly opened before 18.12.2019Clarification on operation of SB Pension Accounts
SB Order 22/2023 - Clarification / Corrigendum for amendments in SCSS, PPF and 5Years TD AccountSB Order 22/2023 - Corrigendum & Clarificatio
Rule for senior Citizen Account (SCSS) Premature closure and deduction Rule for senior Citizen Account (SCSS) Prem
Sukanya Samriddhi Account (SSA) Premature Closure / Maturity Closure Sukanya Samriddhi Account ( SSA ) Premature
0 comments: