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SCSS-Salient features

  • Any depositor may open an account at any deposit office by making an application in Form A alongwith the amount of deposit in multiple of one thousand rupees, along with age proof.
  • A depositor may operate more than one account subject to the condition that deposits in all accounts taken together shall not exceed the maximum limit of Rs.15 lakh and provided that deposits by depositors shall be restricted to the retirement benefits of Rupees fifteen lakh whichever is lower.

A depositor may open the account in individual capacity or jointly with spouse.