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What happens if the SCSS account holder passes away?

Let's understand the SCSS (Senior Citizen Savings Scheme) rules that apply after the account holder's death

What happens if the SCSS account holder passes away?

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If a person dies during the SCSS period, is any penalty applicable? What are the rules? - Anonymous In the unfortunate event of the death of the SCSS account holder, no penalty will be applied to the account. However, the rules state that the SCSS account must be closed. The deposited amount, along with a

This article was originally published on April 14, 2023.


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