Senior citizen savings scheme offers 8.2% interest rate: Can you open multiple SCSS accounts?
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.
Pankaj Bansal Senior Citizen Savings Scheme Senior Citizen Savings State Bank Scss Interest Rate State Bank Of India
Source: indiatimes.com