Eligibility and How to open an SCSS account

Eligibility For SCSS
Though Senior Citizen Saving Scheme is the best saving scheme in India for senior citizens, but still there are eligibility criteria that one must be aware of before investing in it. The following people are eligible for starting SCSS:

• Senior citizens of India aged 60 years or above.
• Senior individuals who have opted for the Voluntary Retirement Scheme (VRS) in the age bracket 55-60.
• Retired defense personnel with a minimum age of 50 years.
• Note: HUFs and NRIs are not allowed to invest in this scheme.

How to open an SCSS account
You can open a SCSS account in any of the authorized banks or post office branch across India. You will need to provide the following documents:

• A duly filled Form A.
• Original and self-attested copies of identity proof like PAN card, Passport.
• Original and self-attested copies of address proof such as Telephone bill, Aadhar card is mandatory.
• Document for proof of age is required. Passport, Senior Citizen Card, a Birth certificate issued by the Corporation or Registrar of Births and Deaths, Voter ID card, PAN card etc. can serve as valid proofs.
• 2 Passport size photographs.