Good news? Yes, you can. The bad news? You may have to pay a penalty, depending on when you withdraw.
Summary: Does the SCSS allow premature withdrawals? Absolutely. But there’s a catch. Read on to find out. As per the new rules, can I prematurely withdraw from the Senior Citizen Saving Scheme (SCSS)? – Anonymous Yes, you can. Although the Senior Citizen Savings Scheme (SCSS) has a tenure of five years, you can withdraw earlier. However, your decision
This article was originally published on January 31, 2024, and last updated on December 23, 2025.
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