Process of SCSS (Senior Citizens Savings Scheme)

Number of accounts 
There is no limit on the number of accounts that can be opened, but the total amount in all the accounts must not breach the maximum investment limit. 

Documents required 
Following is the list of the documents required for investing in the scheme: 

(a) Duly filled application form, available at the post office or bank 
(b) Know Your Customer (KYC) form 
(c) Photographs of the applicant/s 
(d) Permanent Account Number (PAN) 
(e) Aadhaar 
(f) Address proof 
(g) Age proof 
(h) In the case of retirees, a certificate from the employer, stating the retirement was on superannuation or otherwise, retirement benefits, employment held (designation) and the period of employment. 
(i) Proof of date of disbursal of the retirement benefits 

The account opening application form requires details such as PAN, Aadhaar, address proof, age and number of accounts already opened under the scheme and the amount deposited in each account. 

Pan Number is mandatory for opening an SCSS account. If the investor doesn't have PAN at the time of investment, he must apply for the same and mention the application number on the application form. 

Recently, government has made Aadhaar mandatory for every financial transaction. Therefore, no new investment will be accepted without Aadhaar details. If you already have existing investments made under the scheme, you are required to provide your Aadhaar details before March 31, 2018 to avoid the account becoming inoperable.