How can nominees claim the SCSS amount after the subscriber's death?

Will there be any penalty if the SCSS subscriber dies before the maturity period? Also, how can the nominee(s) claim the money? - Anonymous If an SCSS (Senior Citizen Savings Scheme) subscriber passes away, their account will be closed without penalty. The deposited amount and the interest earned will be disbursed to the account holder's nominee(s) or legal heir(s) af

This article was originally published on September 23, 2024.