SCSS accounts lose 8.2% rate, drop to 4% POSA if not extended within a year of maturity

Senior Citizens' Savings Scheme accounts left unextended past the one-year maturity window revert from 8.2% p.a. to the 4% Post Office Savings rate. November 2023 amendment permits unlimited 3-year extensions via Form-4, but partial extensions remain barred and no penalty applies beyond the opportunity cost.

Senior Citizens' Savings Scheme accounts left unextended past the one-year maturity window revert from 8.2% p.a. to the 4% Post Office Savings rate. November 20

Mint · Money · 5/14/2026, 1:14:42 AM · Ask about this →

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