Senior Citizens Savings Scheme (SCSS)

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:Government_savings_scheme
gptkbp:accountClosureOnDeath	Allowed
gptkbp:age	60
gptkbp:availableOn	Post offices Designated banks
gptkbp:benefit	gptkb:Section_80C_of_Income_Tax_Act
gptkbp:country	gptkb:India
gptkbp:firstReleased	2004
gptkbp:interestPayoutFrequency	Quarterly
gptkbp:interestTaxability	Interest is taxable
gptkbp:launched	gptkb:Government_of_India
gptkbp:mainInterest	8.2% (as of 2024)
gptkbp:maturityOptions	Withdraw or extend
gptkbp:maximumLoanAmount	Not available 30 lakh INR
gptkbp:minimumAgeForRetiredDefensePersonnel	55
gptkbp:minimumInvestment	1000 INR
gptkbp:multipleAccountsAllowed	Yes, within maximum limit
gptkbp:nominationFacility	Available
gptkbp:prematureWithdrawal	Allowed with penalty
gptkbp:targetAudience	Senior citizens
gptkbp:targetUser	Individual Joint (with spouse only)
gptkbp:TDSApplicable	Yes, if interest exceeds threshold
gptkbp:tenure	5 years
gptkbp:tenureExtension	3 years
gptkbp:transferability	Not transferable
gptkbp:bfsParent	gptkb:Section_80C_of_Income_Tax_Act
gptkbp:bfsLayer	7
https://www.w3.org/2000/01/rdf-schema#label	Senior Citizens Savings Scheme (SCSS)