[ad_1]

SCSS Scheme Eligibility, age limit, Senior Citizen Savings Scheme 2019, private sector employee, SCSS account opening, post officeThe rule will not be particular to any class of employer and, due to this fact, anybody can deploy the retirement corpus within the SCSS.

SCSS Scheme Eligibility: Will a non-public sector worker be allowed to put money into Senior Citizen Financial savings Scheme 2019? This was a question raised by an worker to the Division of Posts beneath the Ministry of Communications. So as to make clear the matter, the division just lately issued a observe relating to the eligibility for the opening of Senior Citizen Financial savings Scheme (SCSS) accounts. The clarification reads that the SCSS 2019 rule doesn’t specify the class of employer and therefore any investor fulfilling the situations specified by the scheme is allowed to open SCSS account within the publish workplace of his selection.

In line with the communication, a publish workplace financial savings checking account holder, previously employed with Abbott Healthcare, Tanjore had hunted for clarification via electronic mail whether or not he being a retired from a non-public firm and 58 years of age is eligible to open SCSS account.

The Division states {that a} detailed process associated to the opening of SCSS accounts have been laid down in Senior Citizen Financial savings Scheme beneath Rule 3 (ii) of Senior Citizen Financial savings Scheme 2019 that specifies, “a person who has attained the age of fifty-five years or extra however lower than sixty years, and who has retired on superannuation or in any other case on the date of opening of an account beneath this Scheme is eligible to open the account, topic to the situation that the account is opened by such particular person inside one month of the date of receipt of the retirement advantages and proof of date of disbursal of such retirement profit(s) together with a certificates from the employer.”

The rule will not be particular to any class of employer and, due to this fact, anybody can deploy the retirement corpus within the SCSS. Any buyer fulfilling the situations specified by the Scheme is allowed to open SCSS account within the publish workplace of his selection.

Get reside Inventory Costs from BSE, NSE, US Market and newest NAV, portfolio of Mutual Funds, calculate your tax by Revenue Tax Calculator, know market’s High Gainers, High Losers & Finest Fairness Funds. Like us on Fb and comply with us on Twitter.

Monetary Categorical is now on Telegram. Click on right here to affix our channel and keep up to date with the newest Biz information and updates.



[ad_2]