Post Office Senior Citizen Savings Scheme (SCSS) – PDF Rulings

G.S.R. 916(E).—In exercise of the powers conferred by section 3A and section 15 of the Government
Savings Promotion Act,1873 (5 of 1873), the Central Government hereby makes the following Scheme,
namely:-
1. Short title and commencement.- (1) This Scheme may be called the Senior Citizens’ Savings Scheme, 2019.
(2) It shall come into force on date of its publication in the Official Gazette.
2. Definitions.- (1) In this Scheme, unless the context otherwise requires,-
(a) “account” means an account opened under this Scheme;
(b) “account holder” means an individual in whose name the account is held;
(c) “Act” means The Government Savings Promotion Act, 1873 (5 of 1873);
(d) “Form” means forms appended to this Scheme;
(e) “General Rules” means the Government Savings Promotion General Rules, 2018;
(f) “year” means a period of twelve months commencing from the date of deposit in the account.
(2) Words and expressions used herein but not defined shall have the meanings assigned to them in the Act and the General Rules.