{"id":6775,"date":"2025-03-19T19:09:35","date_gmt":"2025-03-19T13:39:35","guid":{"rendered":"https:\/\/thefaceofindia.in\/en\/?p=6775"},"modified":"2025-03-19T19:09:35","modified_gmt":"2025-03-19T13:39:35","slug":"hdfc-bank-started-accepting-deposits-under-scss","status":"publish","type":"post","link":"https:\/\/thefaceofindia.in\/en\/hdfc-bank-started-accepting-deposits-under-scss\/","title":{"rendered":"HDFC Bank started accepting deposits under SCSS."},"content":{"rendered":"

HDFC Bank started accepting deposits under SCSS.<\/h1>\n

Now, HDFC Bank has decided to accept deposits under the Senior Citizen\u2019s Saving Scheme (SCSS)<\/a>, an 8.2% interest rate for citizens. Good News for senior citizens customers of HDFC Bank to live the rest of their lives with a proper stable income. Senior Citizen\u2019s Saving Scheme (SCSS) is for the senior citizen for income after retirement from the government.<\/p>\n

What is Senior Citizen\u2019s Saving Scheme (SCSS)?<\/h2>\n

The Senior Citizen\u2019s Saving Scheme (SCSS) is a scheme designed by the government for senior citizens above the age of 60 so that they can get a secure and stable income for a better life. This scheme is sponsored and secure by the government and is less risk able for the customer. It is a government-sponsored saving instrument for customers.<\/p>\n

SCSS is a secure investment and is guaranteed to return once it is mature. With this scheme, the customer will get the offer of an 8.2% interest rate. The interest rate will be revised after every quarter. However, once the customer invests the interest rate will not change for the entire term which is 5 years. It’s a taxation.
\nSenior citizen can open their SCSS account in a Post Office branch or an authorized bank. The maturity Period will be fixed for 5 years and can be extendable by 3 years by submitting the application. The application for an extension of maturity will be acceptable if it is within one year from the date of maturity.<\/p>\n

Several accounts can be created. Each candidate can open more than one account. Candidate can open individual or joint accounts, but the joint account should only be with their spouse. The beginning depositor will be the investor who deposits in a joint account.
\nMinimum and Maximum amount to be deposited
\nInvestment can be done Minimum of Rs 1,000 and Maximum of Rs 30, 00,000 while depositing. The deposits can be done in multiple of Rs. 1000.<\/p>\n

Read also: Apple iPhone 17 Pro Max leaks: Price, camera, specifications, design and everything else we know<\/a><\/p>\n

SCSS Eligibility<\/strong><\/h3>\n