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Senior Citizens' Saving Scheme 2019


NOTIFICATION No. G.S.R. 916(E) dated 12th December 2019

In exercise of the power conferred by Section 3 of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following scheme, namely:-

SCSS 2019 Rule 1. Short title and commencement

SCSS 2019 Rule 2. Definitions

(1) In this scheme, unless the context otherwise requires.

(2) Words and the expressions used herein but not defined shall have the meanings respectively assigned to them in the Act and the General Rules.

SCSS 2019 Rule 3. Opening of account

SCSS 2019 Rule 4. Deposits

SCSS 2019 Rule 5. Interest on deposit

SCSS 2019 Rule 6. Premature closure of account

SCSS 2019 Rule 7. Closure of account

SCSS 2019 Rule 8. Extension after maturity

SCSS 2019 Rule 9. Application of General Rules

SCSS 2019 Rule 10. Power to relax

Updated : Dec 16, 2019