Does SCSS auto-renew at maturity? Know your options

Many retirees treat the Senior Citizen Savings Scheme (SCSS) as a set-it-and-forget-it investment. They open the account, collect regular interest, and assume it will renew automatically at maturity. But that's not how it works. When your SCSS account completes its five-year term, you need to take action. That's exactly what Subhash, a retired investor, wanted to know. His SCSS account matures next month, but he'll be abroad at the time. Can he extend it later? What are his options? What happens when SCSS matures? You have two options: 1. Extend the account (within 12 months

This article was originally published on May 29, 2025.