Widely read: First Page The Plan Ask Value Research Investors' Journeys SIP Sahi Hai House Voice How I Did It Fundwire

Ask Value Research

What's the maximum amount I can invest in SCSS?

One can invest a maximum of Rs 15 lakh in Senior Citizens' Savings Scheme (SCSS) in individual capacity

I have heard that maximum Rs 30 Lakh can be deposited in SCSS in joint name. As per Indian post offices website maximum deposit amount can not exceed Rs 15 Lakh whether joint or single name. Can you please clarify?
- Sunil Sisodia

Sometimes the information mentioned on these websites lacks clarity. One can invest a maximum of Rs 15 lakh in Senior Citizens' Savings Scheme (SCSS) in their individual capacity. But one can hold a joint account with one's spouse, where the spouse has to be a first holder, and deposit another Rs 15 lakh. So, effectively, one can deposit a maximum amount of Rs 30 lakh. However, this joint account can be opened with spouse only.

This article was originally published on April 11, 2018.

Top Picks

International funds: One lumpsum door left

3 min read•By Aakar Rastogi

Your REIT pays 6 per cent. You may be earning just 2

3 min read•By Siddhant Madhav Joshi

Flexicap vs Multicap. One Can Run Out of Room.

11 min read•By Value Research

Welcome to the New Value Research!

2 min read•By Value Research

How to legally save tax on a big capital gain

5 min read•By Aakar Rastogi

New episodes every Friday

The AI revolution worth having

Forget the trillions being bet on AI. The revolution that matters is the one you can build for yourself, for free, right now.

Other Episodes

Other Categories

Ask Value Research

In these short videos published on a daily basis, Value Research CEO Dhirendra Kumar answers readers’ questions on saving and investing.

Big Questions

Articles that address some of the biggest questions on top of investors’ minds.

Factor Insight

Fund Advisor

Fund Advisor's Note

Home Buyers’ Guide

Personal Finance Insight

The Plan

A regular feature in which we draw out a financial plan to help investors reach specific goals.

alphanso

First Page

Value Research CEO Dhirendra Kumar reflects on pressing issues facing investors today and shares timeless advice to keep them on track.

Investment Acorns

Investors' Journeys

NPS

Articles about the National Pension System aka NPS, published on Value Research Online.

Straight Talk

Archive of articles written by Anand Tandon, published on Value Research Online.

Category Review

Articles focussing on specific categories on Mutual Funds, published on Value Research Online

Special Report

Catch the latest webinars and updates on new issues here.

The Index Investor

Smart, low-cost investing made easy with broad market exposure and long-term focus.

Data for Thought

Articles that contain data analysis of stocks, mutual funds and other investment vehicles.

IPO Analysis

Our analyses of IPOs will answer important questions on the company’s fundamentals, business model, strengths, weaknesses, and of course the valuation of the stock.

Sector Playbook

Valuable, in-depth insights into various sectors of the market

Stock Advisor

Value Research Stock Advisor is a premium service that provides subscribers with thoroughly-researched stock recommendations with regular updates. The stories here draw from the Stock Advisor team’s experience researching companies.

Fund News

Check updates from Mutual Funds on dividends, changes to exit loads, NFO announcements, and more.

Fundwire

News, analysis and features on mutual funds.

Marketwire

Archive of articles about the stock markets in India - their valuations, crashes, upward trends and more.

Newswire

Archive of news updates related to investment regulations, stock markets, mutual funds and more.

Stockwire

News, analysis and features on stocks.

Back to Basics

Cover Story

Fund Focus

Fund Focus is an archive of articles on specific mutual funds and AMCs published on Value Research.

Insurance

Before investment comes insurance. Here, we provide guidance on buying adequate cover for you and your family.

Interview

Insightful conversations on the markets, funds, and what matters right now.

Learn

Learning

Useful articles to help you invest better, whether you are a new investor or well into your investment journey.

New Issue Announcements

Updates on new issues of Mutual Fund Insight and Wealth Insight magazines.

Reader's Voice

Scorecard

The Systematic Edge

The Systematic Edge is a new interview series on specific fund managers and AMCs.

Videos

Words Worth

Archive of articles that focus on the investing philosophy of masters like Warren Buffet, Walter Schloss, Charlie Munger and more.