The full form of SCSS is Senior Citizens Savings Schemes. Anyone can avail of this scheme above the age of 60 years. If you avail of this scheme you will get different types of benefits, long-term features and unmatched security. Now, before applying for SCSS, you should know which bank is best for SCSS. Before sharing with you the best bank to invest in SCSS, let us know about the eligibility criteria for SCSS.
Pay You Water/Electricity/Piped Gas Bills via NoBroker and Get Assured Cashback! Get home loans at the lowest interest rate from NoBroker and avoid hefty paperwork The eligibility criteria of SCSS are:An individual who has attained 60 years of age or above can open an SCSS account.
Retired individuals who have crossed 55 years of age but are not 60 years are eligible to open an SCSS account.
Any individual who has attained 55 years of age and is retired can invest in this scheme even though SCSS rules are implemented later.
NRIs cannot invest in this scheme.
Hindu Undivided Families (HUF) cannot invest in the SCSS scheme.
Two passport-size photographs.
Form A should be filled in and submitted.
Identity Proof such as a Passport or Permanent Account Number (PAN) Card should be submitted.
Proof of Address and Aadhaar card.
Age proof such as PAN Card, Birth Certificate, etc.
Some of the best senior citizen saving scheme in banks includes:
Andhra Bank
Allahabad Bank
Bank of Baroda
Bank of India
Bank of Maharashtra
Canara Bank
Central Bank of India
Corporation Bank
Dena Bank
Indian Bank
Indian Overseas Bank
Oriental Bank of Commerce
Punjab National Bank
State Bank of Bikaner & Jaipur
State Bank of Hyderabad
State Bank of India
State Bank of Mysore
State Bank of Patiala
State Bank of Travancore
Syndicate Bank
UCO Bank
Union Bank of India
United Bank of India
Vijaya Bank
IDBI Bank Ltd.
ICICI Bank Ltd.
I have mentioned which bank is best for SCSS. I hope you find this informative.
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Which bank is best for SCSS?
Siddharth
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2022-08-31T23:42:55+00:00 2022-09-01T00:54:45+00:00Comment
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