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Key Benefits

1 Cr + Customers Trust HDFC Bank!
Open Senior Citizens Savings Scheme Account
via 100% Digital Process

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More benefits than ever before

Deposit Benefits

  • Free Cash Deposits up to ₹6 lakh per month or 10 times of Current Month AMB*.

Withdrawal Benefits

  • Unlimited free Cash Withdrawals at Home Branch.

Banking Benefits

  • Streamlined digital payments and collections using UPI, QR codes and payment gateways.

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More About Senior Citizens Savings Scheme Account

Fees & Charges

Senior Citizens’ Savings Scheme Account Schedule Charges

Sr. No. Service Description Charges
1 Registration, change or cancellation of Nomination No fees
2 Issue of Duplicate Passbook ₹50
3 Issue of Statement of Account ₹20
4 Transfer of account (per registration)
(The following cases not to be treated as transfer, as being done due to administrative reasons-
1. Accounts frozen under SCWF Rule, 2016 and closed.
2. Discontinued schemes account or certified closed.)		 ₹100
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Investment Details

  • Earn a Fixed Interest Rate of 8.2%* 

  • Enjoy tax benefits with eligibility for deduction under Section 80C of the Income Tax Act

  • Receive interest on quarterly basis on 1st April, 1st July, 1st October, 1st January

Note: *Interest rates can change on a quarterly basis. Interest received is taxable as per Income Tax guidelines. **Partial withdrawal is not permitted; the deposit can only be closed in full. ^Pledging of deposit is not permissible

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Most Important Terms & Conditions

  • *The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.  

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Wondering If You Are Eligible?

To invest in SCSS Account, individuals must meet one of the following eligibility criteria:

  • Resident Individuals aged 60 years or above (especially pensioners)
  • Retired Civilian Personnel aged between 55-60 on superannuation, VRS or Special VRS
  • Retired personnel of Defence Services aged 50- 60 (excluding Civilian Defence Personnel)
  • Spouse of deceased Central & State government employee (employee who had attained 50 years at the time of demise)
Startup Current Account

Documents required to get you started

Mandatory Documents

  • Aadhaar card
  • PAN card

Identity & Address Proof

  • Identity & Address Proof
  • PAN card
  • Passport
  • Driving licence issued by Regional Transport Authority
  • Voter ID card
  • Job card issued by NREGA signed by State Government officer

Additional Documents (If investor’s age is less than 60 years)

  • Certificate from the employer indicating the details of retirement
  • Proof of date of disbursal of retirement
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Overview of Senior Citizens Savings Scheme Account

The Senior Citizens Savings Scheme (SCSS) is a government-backed savings option designed to offer financial security and consistent income to individuals aged 60 and above. With HDFC Bank’s SCSS Account, you can invest in this scheme and enjoy attractive interest rates, good returns, and the safety you need for a worry-free retirement.

The following are some of the key benefits of the SCSS Account:

Reliable, Government-Backed Investment

Enjoy the safety and assurance of a scheme supported by the Government of India.

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Attractive Interest Rate

Earn competitive returns to support your financial needs during retirement.

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High Investment Limit

Invest up to ₹30 lakhs, offering flexibility for both modest and large savings.

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Quarterly Payouts

Receive good returns every quarter, ensuring a steady and dependable income stream.

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Tax Benefits

Avail tax deduction under Section 80C of the Income Tax Act.

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Eligibility Criteria of the SCSS Account

To invest in the Senior Citizens Savings Scheme (SCSS), individuals must meet one of the following criteria:

  • Resident individuals aged 60 years or above, particularly senior citizens and pensioners.

  • Retired civilian employees aged between 55 and 60 years, who have retired on superannuation, voluntary retirement (VRS), or under a special VRS.

  • Retired personnel from Defence Services aged between 50 and 60 years (excluding civilian defence employees).

  • Spouse of a deceased Central or State Government employee, where the employee had attained the age of 50 years or above at the time of death and the spouse receives a family pension.

To open a Senior Citizen Savings Account (SCSS):

  • Visit your nearest HDFC Bank branch

  • Submit the duly filled application form along with the required documents

This scheme allows a maximum deposit of ₹30 lakh with an initial tenure of 5 years, which can be extended once for an additional 3 years. Investments under this scheme are eligible for tax deductions under Section 80C of the Income Tax Act. However, interest earned is fully taxable as per the applicable income tax slab.

The following documents are required to open an SCSS Account:

  • Duly filled SCSS Account Opening Form

  • Passport-size photograph of the applicant

  • Self-attested copy of PAN Card

  • Self-attested copy of Aadhaar Card, along with the Non-DBT Aadhaar Declaration

  • Additional documents based on the applicant’s eligibility category (e.g., retirement proof, pension order, etc.)

Frequently Asked Questions

HDFC Bank Biz Pro+ Account is a Current Account Variant designed for growing businesses having small sized operations or units, looking to grow their business to the next level. Basis the applied conditions & eligibility criteria, it offers higher cash transaction limits, special benefits under premier banking program*, insurance cover at concessional rates, special deals on cards & asset solutions*

The non-maintenance charges for the HDFC Biz Pro+ Account are ₹3,000 per quarter for Metro and Urban branches, and ₹2,000 per quarter for Semi-Urban and Rural branches.

Biz Pro+ Account is designed for growing businesses having small-sized business operations or business units

For Metro & Urban Locations: ₹50,000/-; For Semi Urban & Rural Locations: ₹25,000/-

  • Zero Non-Maintenance Charges, if Quarterly Credit Volume through ME/PG/MPOS is either more than or equal to ₹5 lakh.

  • Zero Non-Maintenance Charges for 2nd quarter of account opening, if customer is Digitally active. Digital Activation comprises of Debit Card Activation (on ATM or POS), Bill Pay usage and NetBanking or MobileBanking active within first 2 months of account opening.

  • Free Cash Deposit (at any HDFC Bank Branch / Cash Recycler Machines) of up to ₹6 Lakh per month or 10 times of Current Month AMB*, whichever is higher

  • Cash Withdrawals free up to 10 times of Current Month AMB*at HDFC Bank Non-Home Branch    

  • RTGS, NEFT and IMPS Payments & collections free through Branch and NetBanking.

  • Balance commitment waiver basis ₹5 lakh or more quarterly volumes through ME / PG / MPOS

Cash Deposits are free up to ₹6 lakh per month or 10 times of Current Month AMB, whichever is higher (Upper Cap – ₹25 crore).

Cash Withdrawals are free at Home Branch; Free up to 10 times of Current Month AMB* (Upper Cap – ₹25 crore) at Non-home Branch. Beyond Free Limits chargeable at ₹2 per ₹1,000, minimum ₹50 per transaction.

DD/POs are free up to 50 DD/POs per month for every slab of ₹1 lakh of Current Month AMB* maintained (subject to maximum of 1000 DD/PO).

100 Cheque Leaves are free for every slab of ₹1 lakh of Current Month AMB* maintained (Upper Cap – 2000 Cheque Leaves).

Free up to 150 transactions for every slab of ₹1 lakh of Current Month AMB* maintained (Upper Cap – 3000 transactions).

Free RTGS, NEFT and IMPS transactions through Branch and NetBanking.

Bank anytime, anywhere in person at a branch or ATM, from your laptop or mobile. Click here for more details.