Senior Citizen Savings Scheme: 5 disadvantages of investing in SCSS—interest rate to fixed tenure
The Senior Citizen Savings Scheme (SCSS) offers various advantages, but it also has some limitations that senior citizens should be aware of before investing
5 disadvantages of investing in SCSS: Senior Citizen Savings Scheme (SCSS) is a government-backed savings scheme in India for senior citizens. Any individual above the age of 60 can invest in this scheme, and earn a higher interest rate than bank fixed deposits (FDs). While there are several advantages of investing in SCSS, senior citizens should also know the disadvantages before investing in this scheme.