extending of the time limit of One Month post retirement for retirees age between 55 and 60 yeas to invest in SCSS
F.no 3/3/2019-NS (pt.1)
Ministry of Finance
Department of Economic Affairs
North Block, New Delhi
Dated 21stMay, 2020
Subject: Regarding extending of the time limit of One Month post retirement for retirees age between 55 and 60 yeas to invest in Senior Citizen Savings Scheme (SCSS)
The undersigned is directed to refer to DoP’s DO letter no. 79-01/2020-FS dated 01.05.2020 on above mentioned subject.
2. In view of Lockdown in the entire country, it has been decided that the individuals retired (Within the age bracket 55-60 years) on superannuation or otherwise and got retirement benefits in February 2020 or March 2020 or April 2020, are eligible to open the SCSS account up to 30th June, 2020.
3. This issue with the approval of Secretary (Economic Affairs)