COUNTER OPERATION SCSS NEW ACCOUNT OPEN PROCEDURE SAME AS SB NEW A/C OPEN SEPARATE FORM FOR OPENING A/C AVAILABLE CHECK WHETHER A/C OPEN WITHIN ONE MONTH FROM THE DATE OF RECEIPT OF ALL RETIREMENT BENEFIT ? PHOTOGRAPH AND PAN NO IS MUST

CUSTOMER INFORMATION FOR SENIOR CITIZEN’S SAVING SCHEME MINIMUM DEPOSIT RS.1000/- AND MULTIPLE THEREOF MAXIMUM DEPOSIT. RS /- AGE – 60 YEARS, FOR VOLUNTARILY RETIRED PERSON-55 YEARS CAN BE OPENED WITH SPOUSE RATE OF INTEREST. – 9 % PAYABLE QUARTERLY BASIS FOR VOLUNTARILY RETIRED PERSON, A/C MUST BE OPENED WITHIN ONE MONTH FROM THE DATE OF RECEIPT OF RETIREMENT BENEFITS

CUSTOMER INFORMATION FOR SENIOR CITIZEN’S SAVING SCHEME IF PREMATURELY CLOSED AFTER ONE YEAR DEDUCTION FROM PRINCIPAL AMOUNT WILL BE MADE AS UNDER YEAR 1 TO 2 = 1.5 % MORE THAN 2 YEARS = 1 %