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How to Open SCSS

 

Open SCSS Online

 

The tenure of Senior Citizen Savings Scheme (SCSS) Account is five years

 

 The tenure of Senior Citizen Savings Scheme (SCSS) Account is five years. On maturity, the depositor can either withdraw the money by submitting an application in Form E along with the passbook or extend the account by another three years by submitting an application in Form B within one year.
 
The extension will be from the date of maturity and not from the date of submitting the form. If the depositor doesn't close the account on maturity or ask for an extension within a year, the account will be treated as closed.
 
However, the maturity amount will earn interest rate applicable on post office saving account. If you want to open a new account with the maturity amount after eight years, you are free to do so.
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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saver Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

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